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NZ shares fall as Spark earnings disappoint
NZ shares dropped, led by Spark NZ as company earnings show the telecommunications sector is experiencing stiff competition.
NZ shares dropped, led by Spark NZ as company earnings show the telecommunications sector is experiencing stiff competition.
The New Zealand dollar extended its gains amid concern financial markets have been building too much optimism about US President Donald Trump.
Healthcare Partners Holdings will consider mounting a full takeover bid for Abano Healthcare provided it can get access to the medical investor's books.
Law firm Chapman Tripp is predicting the NZX will attract just three initial public offers this year - a level that means the market
Skellerup Holdings' first-half profit fell 7.5 per cent due to weaker sales to the mining sector in Australia and higher finance costs for a new factory in Christchurch.
Wall Street moved to fresh record highs after US reports showing a larger-than-expected increase in retail sales.
The number of companies listed on the New Zealand sharemarket will continue to shrink this year, according a forecast on the capital
New Zealand shares rose, led by Sky Network Television and Westpac Banking Corp, while Tegel Group Holdings and A2 Milk Co dropped.
The New Zealand dollar was little changed, recovering from an earlier decline.
Wall Street continued its record-setting streak after Federal Reserve Chair Janet Yellen signalled further interest rate increases ahead.
NZ shares gained, with Port of Tauranga, Metlifecare and Contact Energy rising, while stock market operator NZX dropping after posting its earnings.
The NZ dollar fell against the Australian dollar after a strong business survey across the Tasman and better-than-expected data out of China.
Nowhere are China's rusted-out industries worse than in Liaoning, a province that's slumped into outright recession.
Wall Street climbed to record highs amid ongoing optimism that President Donald Trump's tax plans will add to bolstering an upswing in corporate profits.
New Zealand shares rose as Contact Energy posted stronger first-half earnings, and Fletcher Building, A2 Milk Co gained.
The New Zealand dollar bounced from a four-month low against the Australian dollar .
COMMENT: Is a strong dollar good or bad for the economy? Initially it seems a ridiculous thing for a US President to need to ask, Liam Dann writes.
Private equity investor Direct Capital is on the hunt for acquisitions after raising $375 million for its latest fund.
Economists said official growth figures could be upgraded later this month after data showed manufacturing output rose by 2.1pc in December.
U.S. stocks extended all-time highs as investors reignited reflation trades following the promise of details from the Trump administration on cutting taxes.
President Donald Trump says he has a "phenomenal" plan to revamp business taxes in the U.S. taking the Republicans by surprise.
The maker of Cillit Bang, Nurofen and Durex condoms has sealed a $90-a-share takeover of a US baby milk maker.
A 28-year-old Sydneysider is now sitting on $2 million worth of property investments after taking his hard-earned deposit elsewhere.
When Kyle Wiens' Apple laptop stopped working, he wanted to fix it. But there was just one problem. The thing standing in his way was Apple.
COMMENT: The NZX has been hit by a serious bout of takeover fever, with bids for Tower and TeamTalk this week.
Reserve Bank governor Graeme Wheeler will not seek a second term. Here he reflects on his time in the role.
New Zealand lamb wool prices continued to decline at this week's auction amid lacklustre demand during the peak production period. The
Twitter reported quarterly revenue that fell short of estimates after the struggling social-media company restructured its advertising
Cosmetic and candle company Trilogy has received a price enquiry from NZX following a significant drop in its share price in the last
As the corporate reporting season gets under way, investors will be paying closer-than-normal attention to company "outlook" statements.