MARKET CLOSE: NZ shares fall as coronavirus ripples through markets; utilities down
By Dan Brunskill | Fri, 24 Jan 2020
New Zealand shares fell as the outbreak of coronavirus continued to weigh on tourism-related companies, and as a flatter interest rate outlook sapped the attraction of companies paying reliable divide...
NZ dollar rises on CPI data, capped by virus fears
By Jenny Ruth | Fri, 24 Jan 2020
The New Zealand dollar rose on stronger-than-expected inflation data but fears about the spread of the coronavirus kept a lid on the currency's gains. The kiwi was trading at 66.18 US cents at 5pm...
Oceania lifts first-half underlying net profit 17.6%
By Jenny Ruth | Fri, 24 Jan 2020
Oceania Healthcare’s first-half bottom line soared on rising property values while the underlying result from continuing operations was up 17.6 percent. The aged care and retirement village operato...
Cutting the OCR last year was a mistake - Alexander
By Jenny Ruth | Fri, 24 Jan 2020
The Reserve Bank made a mistake cutting its official cash rate last year and the resulting reignition of house price inflation means the central bank will probably tighten loan-to-valuation restrictio...
Coronavirus hangs over markets
By Rebecca Howard | Fri, 24 Jan 2020
The local stock market may follow Wall Street lower amid concerns the coronavirus outbreak may slow China's economy.China put millions of people on lockdown on Thursday in two cities at the epicentre...
MARKET CLOSE: NZ shares edge higher as Chinese virus fears weigh
By Dan Brunskill | Thu, 23 Jan 2020
New Zealand shares edged higher as investors continue to assess the impact of the coronavirus outbreak in China. The S&P/NZX 50 Index increased 11.43 points, or 0.1 percent, to 11,901.11. Within th...