'Well played, Don': Mainfreight shares claw back Liberation Day losses after trading update

Mainfreight managing director Don Braid. (Image: NZME)

Fri, 02 May 2025

Mainfreight has clawed back most of the US's “Liberation Day” tariff hit to its share price, with the stock up 12% following a trading update.The NZX-listed freight and logistics firm added some $670 million to its market capitalisation in day-time trading on Friday after announcing it expected its full-year profit and revenue figures for the year ending March 31 to be higher than the market consensus of $375m and $5.1 billion respectively.Shares in the freight and logistics giant were trading at $62.65 on April 2, when US Presi...

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