MARKET CLOSE: NZ shares flat as tech rally balances covid fears
By Dan Brunskill | Thu, 13 Aug 2020
New Zealand shares edged higher as gains in local software companies spurred on by Wall Street's tech rally just offset the general malaise of the latest covid-19 lockdown. The S&P/NZX 50 Index ro...
Capital raising and retail trading boosts NZX profit
By Dan Brunskill | Thu, 13 Aug 2020
A surge of new investors and a string of new capital raisings during New Zealand's extended covid-19 lockdown helped lift NZX’s first-half profit by 41 percent. Total operating earnings for the hal...
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
By Dan Brunskill | Wed, 12 Aug 2020
Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...
Sky Network sells live sports filming subsidiary
By Dan Brunskill | Wed, 12 Aug 2020
Sky Network Television has sold its subsidiary Outside Broadcasting Limited, which is responsible for filming live sports, to global production conglomerate NEP. The transaction enables Sky to dodg...
MARKET CLOSE: NZ shares fall as investors look for bargains
By Dan Brunskill | Tue, 11 Aug 2020
New Zealand shares fell as investors rotated out of the best-performing stocks such as Fisher & Paykel Healthcare, and into some of the cheaper, beat-up firms including Air New Zealand, on the prospec...
MARKET CLOSE: NZ shares rise in step with ASX
By Dan Brunskill | Mon, 10 Aug 2020
Shares in New Zealand’s benchmark index were buoyed by strength in the Australian market and an as-expected earnings report from Contact Energy. The S&P/NZX 50 closed up 0.3 percent, or 36.76 point...
Steel & Tube shares jump 5% on break-even forecast
By Dan Brunskill | Mon, 10 Aug 2020
Shares in Steel & Tube Holdings leapt more than 5 percent when the company told the market it expected to report cash positive operating earnings. The firm said it will break even for the June-year...
MARKET CLOSE: NZ shares fall as smelter rumour put to bed, power companies drop
By Dan Brunskill | Fri, 07 Aug 2020
New Zealand shares fell after Rio Tinto quashed rumours production was ramping up at the Tiwai Point aluminium smelter; Fisher & Paykel Healthcare fell after rival ResMed reported disappointing earnin...
MARKET CLOSE: NZ shares flat as Tiwai smelter rumours swirl
By Dan Brunskill | Thu, 06 Aug 2020
New Zealand shares edged higher as rumours of negotiations to delay closing the Tiwai Point aluminium smelter pushed Contact Energy and Meridian Energy higher. Exporters A2 Milk and Fisher & Paykel He...
MARKET CLOSE: Shares fall, gold soars on global uncertainty
By Dan Brunskill | Wed, 05 Aug 2020
New Zealand shares edged lower and gold hit another record as investors focused on the lingering uncertainty caused by the number of coronavirus cases continuing to rise globally. The S&P/NZX 50 In...