NZ sharemarket down following Warehouse downgrade

NZ sharemarket down following Warehouse downgrade
There were 31.37 million share transactions worth $138.69m. (Image: NZME)
Graham Skellern
The New Zealand sharemarket was lower on another downgrade from The Warehouse Group, which forecast its operating earnings plunging nearly 65% in 12 months.The S&P/NZX 50 Index had a lunchtime rise but couldn’t maintain the momentum and closed at 11,627.86, down 54.52 points or 0.47% after reaching an intraday high of 11,698.97. The index has now fallen nearly 1.2% so far this year.There were 93 decliners and 37 gainers over the whole market on volumes of 31.37 million share transactions worth $138.69m.The Warehouse Group fell 9c or 8...

More Markets

NZ sharemarket dips despite strong US, Australian gains
Markets Market Close

NZ sharemarket dips despite strong US, Australian gains

The S&P/NZX 50 Index closed down 25 points or 0.19%.

Jamie Gray 18 Jul 2025
Livestock Improvement Corp posts strong profit but warns of FY26 one-offs
Primary Sector

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $...

Staff reporters 18 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025
Why Promisia's promised land is Cromwell
Retail Small Cap Wrap

Why Promisia's promised land is Cromwell

Plus chicken and eggs with BlackPearl, Rua goes for gold in Reefton, and more.