Renewed virus concerns to weigh on sentiment; earnings in focus

Renewed virus concerns to weigh on sentiment; earnings in focus
Rebecca Howard
Markets may be muted after reports of around three dozen covid-19 cases in a Beijing hospital renewed concerns about the virus outbreak. China’s Global Times said a central Beijing hospital reported 36 cases of covid-19 and said those infected at the Fuxing Hospital in Xicheng district were eight medical workers, nine cleaning staff and 19 patients along with their families.  South Korea, meanwhile, reported an increase in cases and Japan reported two deaths. Researchers have said the pathogen seems to spread more easily than previously b...

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NZ sharemarket has 'soft day', down 0.5%
Markets Market Close

NZ sharemarket has 'soft day', down 0.5%

The S&P/NZX 50 Index closed down 0.53% or 71.407 points to 13,306.44.

Fletcher Building puts ‘noise’ in the past
Property

Fletcher Building puts ‘noise’ in the past

New directors say shareholders are right to expect more, and they intend to deliver.

More butter, more value: Fonterra’s $75m move to expand production
Primary Sector

More butter, more value: Fonterra’s $75m move to expand production

Fonterra Co-operative Group will invest $75 million to expand butter production at its Clandeboye site in South Canterbury.The move is part of the next phase of strategic investments by the co-op, signalled in its annual result.At the time, chief executive Miles Hurrell said the...

Air NZ expects 1H loss of $30m to $55m
Markets

Air NZ expects 1H loss of $30m to $55m

According to Air NZ, it had anticipated a 2% to 3% revenue uplift.