Weak earnings show Australia has not such a lucky country for NZ firms lately

Data showing a stronger-than-expected advance in pending US home sales last month has underpinned Wall Street at the start of the week.

Turners & Growers has posted an $18.9m annual loss due to write-downs in orchard values, a tax write-off and takeover costs.

New Zealand shares were mixed yesterday, with as many gaining stocks as decliners on the NZX 50 Index. Port of Tauranga rose after posting record first-half earnings while Fletcher Building extended its decline after profit missed its guidance.