NZX50 falls 0.6% as F&P Healthcare downgrade creates uncertainty for investors

Mon, 03 Sep 2018

By Paul McBeth Sept. 3 (BusinessDesk) - The S&P/NZX 50 index fell in early trading as a profit warning by Fisher & Paykel Healthcare introduced new uncertainties for investors. The benchmark index declined 42.29 points, or 0.5 percent, to 9,270.91 as at 12.30pm in Wellington, led lower by F&P Healthcare after the breathing mask maker warned of lower annual earnings due to the latest round of patent litigation with rival ResMed. F&P Healthcare fell 3.6 percent to $15.80 after the Auckland-based company said net profit will be between...

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