Spark was the story of the day; And it wasn't bright
The New Zealand sharemarket dropped nearly 1% today after investors voted with their feet following the release of Spark’s half-year result, resulting in a significant value drop.
MORE»SkyCity and Auck Airport drag market down
In a busy day of company disclosures, SkyCity Entertainment Group and Auckland International Airport helped drag the New Zealand sharemarket down after falling short of investors' expectations.
MORE»Ebos boss resigns; NZ Windfarms in take over
The New Zealand sharemarket ended slightly weaker despite investors taking comfort from the Reserve Bank’s 50-basis-point cut in its official cash rate and the prospects of still lower rates later this year.
MORE»Heartland Bank takes a hit; Turners gets an upgrade
Turners Automotive upgraded its earnings, Heartland Group took a near $50 million write-off and the New Zealand sharemarket was down slightly while interest rates were cut in Australia.
MORE»NZ sharemarket responds positively to earnings; a2 surges
Global marketer a2 Milk exceeded half-year earnings forecasts, produced its first-ever dividend and led the New Zealand sharemarket to a gain of more than 0.6%.
MORE»