Business

Market close: a2 Milk surges on positive signs from China

Signs that China sales channels have improved gave dairy nutritional company a2 Milk a huge boost as it surged more than 12 per cent on a recovering New Zealand sharemarket. Global marketer a2 Milk leapt 76c or 12.38 per cent to $6.90, driving the S&P/NZX 50 Index to a close of 13,025.18, up 28.92 points […]

Business

Market close: Fisher and Paykel Healthcare drives down NZ sharemarket

Heavyweight Fisher and Paykel Healthcare almost single-handedly drove the New Zealand sharemarket down nearly half a per cent as health stocks were hit overseas. The S&P/NZX 50 Index fell 62.28 points or 0.47 per cent to 13,108.61, after reaching an intraday high of 13,178.47. There were 62 gainers and 67 decliners over the whole market, […]

Business

Market close: Blue chip stocks hit as volatile sharemarket falls sharply

The volatile New Zealand sharemarket gave up exactly the strong gains of the day before to close the week down more than 1 per cent – with blue chip stocks being hit. The S&P/NZX 50 Index fell sharply after the Asian markets opened and traded softly, and finished at 12,594.52, down 134.32 points or 1.06 […]

Politics

Batley and Spen: Polls close in crucial by-election that could pile pressure on Labour leader Sir Keir Starmer

Polls have closed in the Batley and Spen by-election, with pollsters and bookmakers predicting a Tory victory – a result likely to trigger moves to oust Sir Keir Starmer as Labour leader. Tory challenger Ryan Stephenson is being tipped to defeat Labour‘s Kim Leadbeater, sister of the murdered former MP Jo Cox, after one of […]

Business

Market close: Synlait, a2 Milk rebound on China baby news

China’s new three-child policy may have just given a2 Milk and Synlait a timely boost as their prices rebounded on an improving New Zealand sharemarket. The S&P/NZX 50 Index recorded a significant gain for the second day running, closing at 12,462.47 – up 141.75 points or 1.15 per cent, following its Monday 1.14 per cent […]

Business

Market close: Late surge lifts NZ sharemarket to gain

The New Zealand sharemarket had a late surge after trading flatly for most of the day as the Reserve Bank signalled business-as-usual in its monetary policy. The S&P/NZX 50 Index closed 94.96 points or 0.75 per cent ahead at 12,751.38, after moving from an intraday low of 12,656.42. There were 85 gainers and 55 decliners […]

Business

Market close: Solid company results fail to please investors

The New Zealand sharemarket is presently proving hard to please. Solid company results continue to flow through, and instead the market has shrugged its shoulders and neared correction territory with its 13th drop in 16 trading days this month. The S&P/NZX 50 Index was down 37.39 points or 0.3 per cent to 12,388.84, just short […]

World News

High school student close contact of Christchurch Covid-19 case

A high school student is a close contact of the new community case of Covid-19 in Christchurch. The Canterbury District Health Board sent a letter to Cashmere High School parents on Tuesday confirming the student was a close contact. The student had tested negative and was isolating at home. “Students and staff do not need […]

Business

H&M will close stores and ramp up digital efforts as online sales rise 7 percent.

Shares in the Swedish retailer H&M rose more than 7 percent after the company said online sales were growing strongly and the company had already returned to profit in the third quarter. H&M also announced that it would close 250 stores globally next year as part of its plans to consolidate stores and ramp up […]