MARKET CLOSE: NZ shares rise; index moves push Port of Tauranga to record
New Zealand shares rose as index changes drove heavy trading and large moves in the likes of Port of Tauranga and Kiwi Property Group. An upbeat earnings season also supported investor sentiment. The S&P/NZX 50 Index rose 29.46 points, or 0.3 percent, to 11,254.74. Within the...
Eroad expects slower pace of growth
Truck tracking technology company Eroad expects a slower growth rate in the 2021 financial year as economic uncertainty makes potential customers more cautious about their investment decisions. Businesses are positioning themselves for a global downturn as the world experience...
MARKET CLOSE: NZ shares fall as pandemic fears remain heightened; Air NZ sinks
New Zealand shares fell as weaker-than-expected data added to resurgent fears about the covid-19 pandemic. Air New Zealand dropped on a dire earnings outlook. The S&P/NZX 50 Index dropped 109.03 points, or 1 percent, to 11,225.28. Within the index, 31 stocks fell, 15 rose, an...
Govt may act on too many farm-forestry conversions
If the amount of farmland being converted to forestry each year exceeds 40,000 hectares, the government would look to intervene, Minister of Agriculture Damien O’Connor told Parliament's primary production select committee today. Increased forestry is a key government policy,...
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