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MARKET CLOSE: NZ shares rise; F&P Healthcare crosses $20b threshold
Dan Brunskill | Tue, 30 Jun 2020

New Zealand shares extended yesterday’s gain, following Wall Street's lead overnight and as Fisher & Paykel Healthcare become the NZX’s first $20 billion company.   The S&P/NZX 50 Index rose 198.51 points, or 1.8 percent, to 11,451.05. Within the index, 30 stocks rose, 12 fell...

NZ dollar unmoved by Powell, Robertson or business confidence
Jenny Ruth | Tue, 30 Jun 2020

The New Zealand dollar was unmoved by comments from Federal Reserve chair Jerome Powell or NZ Finance Minister Grant Robertson or by the latest survey showing business confidence - while negative - is improving. The kiwi was trading at 64.21 US cents at 5pm in Wellington from...

NZ dollar range-bound amid souring mood in equities markets
Jenny Ruth | Mon, 29 Jun 2020

The New Zealand dollar was range-bound despite a souring mood in global equities markets as covid-19 infections passed 10 million and deaths 500,000. The kiwi was trading at 64.25 US cents at 5pm in Wellington from 64.23 cents in New York on Friday and 64.42 cents here at 5pm....

Unexpected slide in Pohokura gas production
Gavin Evans | Mon, 29 Jun 2020

Output from the country’s biggest gas field has fallen about 15 percent the past six weeks and operator OMV is yet to establish why. The offshore Pohokura field, the subject of a series of maintenance shuts during the past two years, delivered about 172 terajoules of gas yeste...

MARKET CLOSE: NZ shares rise as investors eye upbeat F&P Healthcare result
Paul McBeth | Fri, 26 Jun 2020

New Zealand shares edged higher, with Fisher & Paykel Healthcare among the day’s leaders as investors eye a strong result for the respirator maker on Monday. The S&P/NZX 50 Index rose 4.87 points, or 0.04 percent, to 11,129.23. Within the index, 12 stocks rose, 33 fell and fiv...

TIL shares jump as earnings outlook improves
Staff reporters | Fri, 26 Jun 2020

TIL Logistics shares jumped almost 16 percent to 73 cents after the trucking company said annual earnings will beat the guidance it withdrew before covid-19 clouded up its outlook. The company expects to report earnings before interest, tax, depreciation and amortisation of betwe...

Mercury trims earnings guidance again
Staff reporters | Fri, 26 Jun 2020

Mercury NZ trimmed its full-year earnings guidance for the third time in four months, citing declining hydro-electric water storage in the North Island.The electricity generator and retailer said it expects full-year earnings of about $480 million before interest, tax, depreciati...

Direct Capital invests in beauty business Caci
Staff reporters | Fri, 26 Jun 2020

Direct Capital has taken a 39 percent stake in Caci for an undisclosed sum. The new shareholder will help the beauty business “drive an ambitious growth strategy for its trusted chain of clinics,” Caci said. Founders David and Jackie Smith own the rest of the recently formed hold...

MARKET CLOSE: NZ shares fall as covid fears cast pall; Air NZ drops
Paul McBeth | Thu, 25 Jun 2020

New Zealand shares joined a global sell-off as fears the covid-19 pandemic has a new lease of life weighed on the outlook for company earnings. Air New Zealand dropped as trans-Tasman rival Qantas Airways announced a major restructuring. The S&P/NZX 50 Index fell 155.05 points...


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