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Markets
MARKET CLOSE: NZ shares fall as pandemic fears remain heightened; Air NZ sinks
New Zealand shares fell as weaker-than-expected data added to resurgent fears about the covid-19 pandemic. Air New Zealand dropped on a dire earnings outlook. The S&P/NZX 50 Index dropped 109.03 points, or 1 percent, to 11,225.28. Within the index, 31 stocks fell, 15 rose, an...
Markets
NZ dollar treads water after weighing poor data, rising covid cases
The New Zealand dollar was little changed after volatile trading during which it was buffeted by worse-than-expected domestic and Australian data as well as persistent concerns about covid-19 outbreaks in Beijing and a number of major US states. The kiwi was trading at 64.47 U...
Listed Companies
Pushpay lifts profit guidance
Pushpay Holdings has lifted its guidance for annual operating profit by US$2 million, despite the turmoil affecting the economy of its key United States market. The company, which provides church management technology including donation facilitation, now expects earnings befor...
Primary Sector
Fonterra CEO says no timeframe for decisions on capital structure
Fonterra chief executive Miles Hurrell said no decisions have been made about the dairy cooperative’s capital structure and he does not have a timeframe for a review underway. “There is a small team working on it now, internally. No decisions have been made, a number of optio...
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