Market close: NZ shares join global rebound

The New Zealand sharemarket traded positively all day, picking up nearly half a per cent, following a strong rebound on Wall Street and elsewhere overseas. The S&P/NZX 50 Index closed at 12,709.14, up 58.29 points or 0.46 per cent, after

F&P Healthcare shares plunge despite record $524m profit

Shares in Fisher and Paykel Healthcare had plunged by more than 10 per cent at midday, despite the respiratory products maker announcing an 82 per cent lift in its annual net profit to $524 million. By 12.15pm the stock was

A2 shares slump after big earnings downgrade, resignation

Shares in a2 Milk tumbled after the alternative dairy company slashed its revenue and earnings forecasts for the 2021 financial year. It was the company’s fourth consecutive earnings downgrade. In the first few minutes of trade, a2 Milk shares were

US shares set to drop after Trump tests positive

US stock markets have indicated that shares will open sharply lower after Donald Trump said he had tested positive for coronavirus. Stock market futures showed that all three of America’s main indexes – the Dow Jones, the S&P 500 and