MARKET CLOSE: NZ shares fall; Air NZ warning weighs on tourism stocks
By Paul McBeth Jan. 30 (BusinessDesk) - New Zealand shares fell, led lower by Air New Zealand, as the national carrier's earnings and softer outlook weighed on other tourism-related companies. Auckland International Airport and Tourism Holdings fell. The S&P/NZX 50 index d...
Air NZ shares hit 3-month low; earnings downgrade puts tourism under microscope
By Paul McBeth Jan. 30 (BusinessDesk) - Air New Zealand shares sank to a three-month low after the national carrier warned annual earnings will drop by as much as 37 percent, with softer tourism and slowing domestic travel restraining revenue growth. The shares fell as muc...
Air New Zealand slashes earnings guidance on engine issue, slowing travel growth
By Paul McBeth Jan. 30 (BusinessDesk) - Air New Zealand has warned annual earnings may fall by as much as 37 percent as it deals with disruptions caused by the global Rolls Royce engine issues and slowing travel growth. The national carrier expects pre-tax earnings of $340...
NZ dollar treads water as US-China trade talks, Fed meeting loom
By Paul McBeth Jan. 30 (BusinessDesk) - The New Zealand dollar was largely unchanged as investors wait for upcoming trade talks between the US and China and the Federal Reserve's first policy meeting of the year. The kiwi traded at 68.31 US cents as at 8am in Wellington fr...
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