NZ earnings season underwhelms investors as rising interest rates erode the appeal of dividends

Wed, 08 Mar 2017

By Sophie Boot March 8 (BusinessDesk) - New Zealand's listed companies delivered "solid but not spectacular" results in the February earnings season, providing little reason to drive up stock prices in a market where rising interest rates have eroded the appeal of dividend yields. The latest round of reporting saw roughly two-thirds of companies on the benchmark S&P/NZX 50 Index report either first-half or full-year earnings, with the remainder generally using a March balance date and set to report in May. Of the companies that did report...

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