NZ sharemarket flat despite Skellerup's record half-year earnings

NZ sharemarket flat despite Skellerup's record half-year earnings
(Image: Getty)
Graham Skellern
Ever-steady Skellerup Holdings produced record half-year earnings and an increased dividend while the New Zealand sharemarket finished flat.The S&P/NZX 50 Index was weaker in the afternoon and closed at 12,905.98, down 7.97 points or 0.062% after reaching an intraday high of 12,927.05.There were 33 million share transactions worth $134.88m.Wall Street was weaker after the January US consumer price index (CPI) increased 0.5%, putting annual inflation at 3% – higher than the forecasts of 0.3% and 2.9%, respectively. Federal Reserve...

More Markets

Rua Gold secures funding to step up hunt for NZ gold
Markets

Rua Gold secures funding to step up hunt for NZ gold

The funds will be used to carry out exploration over the next 12 to 18 months.

Former CBL CFO must pay $1.2m for disclosure breaches
Markets

Former CBL CFO must pay $1.2m for disclosure breaches

The case was a first for New Zealand courts, FMA says.

Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Consumer confidence ticks up in June
Retail

Consumer confidence ticks up in June

The ANZ-Roy Morgan Consumer Confidence index lifted 6 points to 98.8 in June.The future conditions index – made up of forward-looking questions – rose 8 points to 104.8, recovering last month’s fall. The current conditions index rose 3 points to 89.8.Perceptions of current person...