MARKET OPEN: Company earnings front and centre
Domestic company earnings reports will take centre stage today but ongoing concerns about the US economic recovery will cap enthusiasm. With Meridian Energy, Metlifecare, Spark New Zealand and Scales reporting, investors will have plenty to digest. The main focus will remain o...
MARKET OPEN: Wall Street gains to set a positive tone
Fresh records on Wall Street will set a positive tone as investors watch for more domestic earnings. Both the S&P 500 and the Nasdaq were on course for a record closing high, buoyed by optimism about a potential treatment for covid-19. The US Food and Drug Administration is...
REBECCA HOWARD: Auckland Airport's ace up its sleeve
Auckland International Airport is facing a rough couple of years, but it may have an ace up its sleeve: property. The company’s net profit tanked 63 percent to $193.9 million in the year to June as a plunge in passenger numbers saw revenue fall 24 percent to $567 million, weig...
Freightways scraps final dividend due to ongoing uncertainty
Freightways won’t pay a final dividend after its net profit fell 25 percent and amid ongoing uncertainty about the economic impact of covid-19. "The board feels the prudent course of action is to not declare a final dividend for FY20 given the uncertainty in both the New Zeala...
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