Renewed virus concerns to weigh on sentiment; earnings in focus

Renewed virus concerns to weigh on sentiment; earnings in focus
Rebecca Howard
Markets may be muted after reports of around three dozen covid-19 cases in a Beijing hospital renewed concerns about the virus outbreak. China’s Global Times said a central Beijing hospital reported 36 cases of covid-19 and said those infected at the Fuxing Hospital in Xicheng district were eight medical workers, nine cleaning staff and 19 patients along with their families.  South Korea, meanwhile, reported an increase in cases and Japan reported two deaths. Researchers have said the pathogen seems to spread more easily than previously b...

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NZ sharemarket falls 1%
Markets Market close

NZ sharemarket falls 1%

The S&P/NZX 50 Index closed at 11,804.84, down 111.94 points or 0.94%.

Graham Skellern 16 Apr 2024
Fletcher subsidiary Easysteel looks to cut jobs
Markets

Fletcher subsidiary Easysteel looks to cut jobs

Workers left 'stunned' by company's restructuring proposal, First Union says.

Gregor Thompson 16 Apr 2024
Scott Tech revenue up but profit down
Markets

Scott Tech revenue up but profit down

Scott Technology’s profit fell 42% on one-off costs in the half year to Feb 29 2024, but revenue is up 11% to $141 million on the back of a company refocus.Scott specialises in automated and robotic manufacturing processes. It attributed its revenue growth to its Scott 2027 strat...

Staff reporters 16 Apr 2024
NZX in for a tongue-lashing at AGM
Markets

NZX in for a tongue-lashing at AGM

A proposed 38% increase in the pool for directors' fees is not universally applauded.

Pattrick Smellie 16 Apr 2024