MARKET CLOSE: NZ shares fall as Sky TV, Steel & Tube warn on earnings
New Zealand shares fell as investor confidence was dented by profit warnings from Sky Network Television and Steel & Tube Holdings. The S&P/NZX 50 Index declined 21.54 points, or 0.2 percent, to 10,873.16. Within the index, 23 stocks fell, 21 rose, and six were unchanged. Tur...
Huawei still in no-man's-land as Spark presses ahead with 5G build
Huawei Technologies is still on Spark New Zealand's list of go-to telecommunications kit suppliers, but won't keep waiting for the Chinese firm to get security clearance to build its 5G mobile network.New Zealand's biggest telecommunications company will use equipment for its rad...
MARKET CLOSE: NZ shares edge lower; power companies under pressure
New Zealand shares edged lower as electricity companies remained under pressure as the future of the Tiwai Point smelter remains uncertain and after a weak operating update from Contact Energy. The S&P/NZX 50 Index decreased 4.55 points, or 0.04 percent, to 10,894.70. Within...
Broad-based manufacturing pick-up offers silver lining
Manufacturing activity snapped three months of contraction in October, with a broad-based pick-up in demand strong enough to see firms burn through some of their inventories. The Bank of New Zealand-BusinessNZ performance of manufacturing index rose 3.8 points to 52.6 in October,...
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