![Market close: Fletcher shares plunge](/pf/resources/images/placeholders/placeholder_l.png?d=811)
Market close: Fletcher shares plunge
Synlait and a2 Milk also took a hit on weaker dairy prices.
Synlait and a2 Milk also took a hit on weaker dairy prices.
A 'bloodbath' was expected at the Global Dairy Trade auction - and it delivered.
Placing CEO close to markets has a downside back home in a crunch.
The New Zealand sharemarket lacked any real impetus and traded flat.
Prices are expected to weaken further at latest Global Dairy Trade auction.
Only the most aggressive options are outpacing 6pc inflation.
The market is also waiting on this week’s Reserve Bank decision on the OCR.
Major companies begin revealing their finances from today.
Fletcher Building and retailers Michael Hill and Hallenstein Glasson Holdings could show signs of a consumption crunch this NZ earnings season. Here's the stocks investors will be watching this month & why.
“We are taking up FMA’s offer to discuss how Enprise can further improve its practices."
The chair of NZ's biggest bank reflected on the state of our economy on his 62nd birthday.
The head of New Zealand’s biggest bank says he’s surprised by the lack of mortgage defaults but expects it will get worse.
The NZ sharemarket was lower today, and has fallen 1.11 per cent so far this week.
Dairy commodity prices have dropped sharply lately, and further weakness is forecast.
The New Zealand sharemarket registered another small loss.
“It’s encouraging to see a return to physical stores," Duke said.
Its latest $2b fund is not its first deal here.
Restaurant Brands continued to slide, while Fletcher also took a hit.
A new class of meme stocks has sprung up.
The sharemarket fell after a weak Wall Street over the weekend.
Restaurant Brands is bracing itself for a 'disappointing' full-year net profit.
Financial Times: He pioneered the American LNG boom but now warns of homelessness.
One executive just upped his stake to $197m.
Investors are wary about the continuing rise in long-term bond yields.
It means less tax for the Government and some farmers may not be able to stay in business.
Financial Times: Tech giant’s revenue down 1% to for quarter in third straight decline.
Some investors are ditching the carbon market due to volatility.
Almost 9 million carbon units have gone unsold in the past two auctions – now the Government is stepping in to limit supply and lift prices. Video / NZ Herald
Financial Times: Smaller increase amid signs persistently high inflation is easing.