Newswire

By 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...

By 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...

By 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 i...

By 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 maintena...

By 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,...

By 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 ex...

By 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 e...

By 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 cl...

By 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 Air...

By Jenny Ruth | Thu, 25 Jun 2020

The New Zealand dollar fell as surging covid-19 infections everywhere from California and Texas to Brazil and India overtook investors' best attempts to ignore the bad news to focus on economic recove...