Newswire

MARKET CLOSE: NZ shares fall as pandemic fears remain heightened; Air NZ sinks
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...

Dan Brunskill 18 Jun 2020
NZ dollar treads water after weighing poor data, rising covid cases
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...

Jenny Ruth 18 Jun 2020
Pushpay lifts profit guidance
Services

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...

Jenny Ruth 18 Jun 2020
Fonterra CEO says no timeframe for decisions on capital structure
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...

Rebecca Howard 18 Jun 2020