Sharemarket flat as Mainfreight slips

Sharemarket flat as Mainfreight slips
Mainfreight and Fonterra reported results today. (Image: Getty)
Graham Skellern
Star performer Mainfreight has consistently grown its earnings and dividends over the past 13 years, but it took a tumble on the New Zealand sharemarket on a sombre outlook for the new financial year. The S&P/NZX 50 Index fell sharply to 11,902.01 in the morning, on the back of weak offshore markets, but recovered its losses in the afternoon to close reasonably flat at 11,959.85 – down 11.98 points or 0.1%. There was an even mix of 63 gainers and 64 decliners over the whole market on volume of 24.68 million share transaction...

More Markets

KMD Brands pulled into Trump trade war
Retail

KMD Brands pulled into Trump trade war

Like a lot associated with so-called ‘Liberation Day’, much remains uncertain.

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

Jarden says Skellerup 'most exposed' to Trump's tariffs
Markets

Jarden says Skellerup 'most exposed' to Trump's tariffs

US President Donald Trump's sweeping global tariffs, announced on Thursday, are expected to have devastating consequences not only in the US but also in New Zealand.In a note on Friday morning, Jarden analysts Guy Hooper and Nick Yeo predicted that NZX-listed Skellerup looks...

Wall Street reels as Trump’s plan sinks markets
Markets

Wall Street reels as Trump’s plan sinks markets

The president’s sweeping tariffs proved far more severe than investors predicted.