Summerset sees no underlying earnings growth in 2020
Summerset reported an 8 percent lift in its underlying profit in calendar 2019 but isn’t expecting any growth this year - for the first time since listing - because it is paying its workers more and development margins are falling.The retirement village operator and developer sai...
Coronavirus fears grip markets
Local markets are likely to track a steep fall in US markets as investors were unnerved by the rising number of coronavirus cases outside China.ASX futures were down 164 points at 6,765 after markets fell in Europe and the US. At 8am in Wellington the S&P 500 was down 3.3 percen...
Freightways bucks trend: no virus impact yet
Freightways chief executive Mark Troughear says better margins and recovering economic activity make him guardedly optimistic about the rest of the financial year, notwithstanding the potential disruption of the covid-19 outbreak. However, its business is mainly in New Zealand ha...
Coronavirus spread to weigh on sentiment
Markets may open lower on concerns about the global spread and economic impact of coronavirus.“Covid-19 was the primary driver of markets over the weekend and will probably continue to hold that position today,” said Kiwibank FX trader Mike Shirley.South Korea put the country on...
.jpg)
Prev
