![Profit takers drive NZX 50 lower](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Profit takers drive NZX 50 lower
New Zealand shares fell yesterday, paced by Meridian Energy, Contact Energy and Mighty River Power as some investors looked to crystallise recent gains.
New Zealand shares fell yesterday, paced by Meridian Energy, Contact Energy and Mighty River Power as some investors looked to crystallise recent gains.
Scales Corp, the fruit and vegetable logistics company, says annual earnings may beat guidance in its prospectus.
The Australian sharemarket looks set to bounce back from its worst week in 18 months thanks to China's unexpected interest rate cuts.
Moa Group posted a wider first-half loss after the unprofitable boutique beer maker restructured its fledgling business.
Australia is headed for recession and nothing can be done to stop it, a prominent economist warns
Childcare roll-up Evolve Education Group has set the price for its initial public offer at $1 per share giving it a market share of $177 million.
APN News & Media said it would consider progressing its plans to launch an initial public offer for its New Zealand unit, NZME., some time in the New Year.
The Fonterra Shareholders' Fund should be able to raise its 2015 dividend forecast given it expects to pay farmers less for their milk.
It's shaping up to be another bumper year for the NZ sharemarket, with the NZX 50 up more than 14pc and trading at record levels.
NZ shares fell yesterday, led by Mighty River Power, Meridian Energy and Contact Energy as investors cashed in profits on recent gains in power company stocks.
The British outsourcing giant that operates Auckland's Mt Eden prison is facing major financial strife, with its boss warning jobs will be slashed.
Fonterra Co-operative Group shareholders used their annual meeting in Palmerston North to raise concerns over the reduced 2015 milk payout.
Listed landlord DNZ Property Fund made $25.9 million net after-tax profit in the September half-year, up 41 per cent on last year. The
West Auckland is about to get a huge boost, after a big landlord this morning announced a $36 million expansion and upgrade of New Lynn's LynnMall shopping centre.
Two of New Zealand’s biggest commercial and industrial landlords have this morning reported half-year results down on last year.
The New Zealand share market pushed higher to a new record high at midday today. Here are four reasons why.
Mainfreight shares, which have jumped by a third this year, fell after it posted first-half earnings that disappointed some investors.
Infratil will return $120m to shareholders as a special dividend after it sold its Australian energy assets for a net $670m.
Wall Street climbed, with the Dow and the S&P 500 touching record highs, amid optimism about the outlook for corporate profits.
The New Zealand share market has continued its record-breaking run, with the NZX50 Index hitting its highest ever point.