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Fletcher profits to fall 10pc, earnings growth to stall
Fletcher Building, the biggest company on the NZX 50 Index, said first-half profit will fall 10 per cent.
Fletcher Building warns of earnings fall
Fletcher Building says its first-half earnings are likely to be about 10 per cent down on the $166 million earned in the same period last year.
Investment banks in for a shocker
Goldman Sachs Group, whose shares have fallen 43 per cent this year, may report its lowest quarterly profit since the 2008 financial crisis.
World sharemarkets up on Euro bank plan approval
Sharemarkets in Europe and the US are up after investors appeared to endorse the European plan to recapitalise threatened banks.
NZ Super Fund's bumper year for staff
Senior managers at staff at the NZ Super Fund received $1.39m in bonuses in the past year, after turning in a 25 per cent return for its Government owners.
Summerset share price set -$1.40 each
Summerset Group, the retirement village operator preparing a partial float, has set its listing price at $1.40 a share, the bottom end of the indicative range.