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Markets
NZX 50 falls 4.5% as Wall St slumps on waning optimism
The S&P/NZX 50 Index dropped in early trading after economic projections this week dashed investor optimism that the easing of lockdowns was reviving global activity and would be reflected in improved company earnings. The benchmark index sank 4.5 percent to 10,654.45, follow...
Markets
MARKET CLOSE: NZ shares fall as Fed dashes upbeat sentiment
New Zealand shares fell after the US Federal Reserve's pessimistic economic outlook threw cold water on markets that had priced in a V-shaped recovery. The S&P/NZX 50 Index dropped 105.59 points, or 0.9 percent, to 11,154.93. Within the index, 37 stocks fell, 11 rose, and two...
Aussie shareholders forced NZME chair out
A group of Australian investors in NZME voted against Peter Cullinane's re-election as chairman, prompting his abrupt resignation ahead of the annual shareholders' meeting today. "I was aware of what was coming in – there was a block of Australian funds," Cullinane told Busine...
Services
Tourism Holdings sees rental recovery across markets
Domestic demand for Tourism Holdings’ camper rentals is improving as lockdown restrictions ease across the US, New Zealand, and Australia. The international tourism company's business almost evaporated this year as international borders were closed and its markets were each pu...
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