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 […]