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MARKET CLOSE: NZ shares drop on Fonterra, A2 weakness; Steel & Tube drops 18% on 2018 loss

MARKET CLOSE: NZ shares drop on Fonterra, A2 weakness; Steel & Tube drops 18% on 2018 loss

By Sophie Boot May 23 (BusinessDesk) - New Zealand shares dropped after Fonterra Cooperative Group cut its dividend forecast, weighing on the Fonterra Shareholders' Fund and A2 Milk Co. Steel & Tube Holdings plunged to a 17-year low after warning of a full-year loss. The S&...

Sophie Boot 23 May 2018
NZ dollar falls ahead of Fed minutes, amid speculation over US tax cuts

NZ dollar falls ahead of Fed minutes, amid speculation over US tax cuts

By Rebecca Howard May 23 (BusinessDesk) - The New Zealand dollar fell against the US dollar ahead of minutes from the last US Federal Reserve policy meeting and after US President Donald Trump hinted at further tax cuts. The kiwi traded at 69.09 as at 5pm versus 69.28 US ce...

Rebecca Howard 23 May 2018
Sanford lifts first-half profit 43% with focus on higher value fish fillets

Sanford lifts first-half profit 43% with focus on higher value fish fillets

By Rebecca Howard May 23 (BusinessDesk) - Sanford, New Zealand's largest listed seafood company, lifted first-half profit 43 percent as it continued to focus on higher value items such as fish fillets rather than frozen commodity products.  Profit rose to $27.3 million, or...

Rebecca Howard 23 May 2018
Want office space where you can light fires and blow stuff up?

Want office space where you can light fires and blow stuff up?

Nikki Mandow 23 May 2018
New Reserve Bank dashboard to shed light on banks' liquidity, profitability and capital adequacy

New Reserve Bank dashboard to shed light on banks' liquidity, profitability and capital adequacy

Nikki Mandow 23 May 2018
Argosy says time to sell with market near peak as FY earnings edge higher on flat rents

Argosy says time to sell with market near peak as FY earnings edge higher on flat rents

Paul McBeth 23 May 2018
Steel & Tube expects 2019 profit following downgrade, shares drop 21%

Steel & Tube expects 2019 profit following downgrade, shares drop 21%

Sophie Boot 23 May 2018
NZ log exports hit new monthly record in March, further strength forecast

NZ log exports hit new monthly record in March, further strength forecast

Tina Morrison 23 May 2018
Business sector upbeat about NZ-EU trade talks

Business sector upbeat about NZ-EU trade talks

Rebecca Howard 22 May 2018
Zespri annual profit rises 38%, lifts grower payment

Zespri annual profit rises 38%, lifts grower payment

Rebecca Howard 22 May 2018
Fonterra lifts milk price forecasts, cuts dividends on price-rise squeeze; FSF units drop

Fonterra lifts milk price forecasts, cuts dividends on price-rise squeeze; FSF units drop

Jonathan Underhill 22 May 2018
SLI Systems delays start for self-service model, still on track for profit

SLI Systems delays start for self-service model, still on track for profit

Paul McBeth 22 May 2018
Serko posts maiden profit in 2018, forecasts 2019 sales growth as Europe expansion costs rise

Serko posts maiden profit in 2018, forecasts 2019 sales growth as Europe expansion costs rise

Sophie Boot 22 May 2018
Steel & Tube shares plunge 24% after company flags annual loss following restructuring

Steel & Tube shares plunge 24% after company flags annual loss following restructuring

Tina Morrison 22 May 2018
AFT sees breakeven in FY19 after narrowing annual loss on Australian sales growth

AFT sees breakeven in FY19 after narrowing annual loss on Australian sales growth

Paul McBeth 22 May 2018
NZ dollar dips as doubts over North Korean summit saps optimism for US-China tensions

NZ dollar dips as doubts over North Korean summit saps optimism for US-China tensions

Paul McBeth 22 May 2018
NZ small businesses less upbeat about the future, Westpac survey finds

NZ small businesses less upbeat about the future, Westpac survey finds

Paul McBeth 22 May 2018
The Achilles heel in electrifying the NZ economy: winter shortages

The Achilles heel in electrifying the NZ economy: winter shortages

Pattrick Smellie 22 May 2018
While you were sleeping: Mixed signals weigh on Wall St

While you were sleeping: Mixed signals weigh on Wall St

Margreet Dietz 22 May 2018
MARKET CLOSE: NZ shares down as A2, Comvita keep falling, Ryman and Heartland rise

MARKET CLOSE: NZ shares down as A2, Comvita keep falling, Ryman and Heartland rise

Sophie Boot 22 May 2018
NZ dollar holds overnight gains as markets still cheered about improving US-China relations

NZ dollar holds overnight gains as markets still cheered about improving US-China relations

Rebecca Howard 22 May 2018
Government calls for review of insurance law as pressure builds over industry poor conduct

Government calls for review of insurance law as pressure builds over industry poor conduct

Nikki Mandow 22 May 2018
Air NZ to feel brunt of rising fuel prices on international routes, analysts say

Air NZ to feel brunt of rising fuel prices on international routes, analysts say

Paul McBeth 22 May 2018
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