Fletcher dodges product recall in upbeat end to August for NZX 50
Fletcher Building shares rallied after avoiding a product recall over a leaky pipes issue in Western Australia, leading the benchmark stock index higher.
MORE»NZ shares fall in shadow of Nvidia result
New Zealand shares joined a global selloff as investors were disappointed by Nvidia’s strong result in the US, while more weak earnings at home added to the sombre mood.
MORE»NZ shares gain as Scales bounces back from Cyclone Gabrielle
New Zealand shares rose, paced by Scales Corp, after the apple exporter’s earnings bounced back from Cyclone Gabrielle in what’s been a generally soft earnings season.
MORE»NZ shares sink as dour earnings highlight soggy economy
New Zealand shares fell as soft earnings from Tourism Holdings and Vulcan Steel highlighted the strains still facing the local economy. Spark New Zealand hit a four-year low.
MORE»NZ shares gain as Chorus dividend leads the way
New Zealand shares rose for a second day, led by broadband network operator Chorus and its rosier dividend outlook, just as a pivot in US interest rates stokes investors’ appetite for reliable income stocks.
MORE»