Sanford's squid game

Sanford's squid game
(Image: Getty)
Rebecca Stevenson
Where were the squid? New Zealand stock exchange-listed fishing company Sanford’s squid catch fell 58% year-on-year, it reported on Tuesday, forcing the company to harvest less profitable species such as southern blue whiting.Sanford chief executive Craig Ellison said, “It didn’t congregate where we thought it was, or we didn’t find it”. Squid only live for one year and are an unpredictable fishing stock, fluctuating “quite widely”, Ellison said. Lower squid catchSanford's squid harve...

More Markets

NZ sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.