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MARKET CLOSE: NZ shares rise led by rebound in MRP
NZX

MARKET CLOSE: NZ shares rise led by rebound in MRP

NZ stock market ends on a positive note as MRP's rebound boosts shares from a 6-month low; Orion Health slumps.

By Pattrick Smellie • 3 min read • Tue, 14th Apr 2015
MARKET CLOSE: NZ shares fall led by Meridian; Fliway drops on debut
Supply Chain

MARKET CLOSE: NZ shares fall led by Meridian; Fliway drops on debut

New Zealand shares dipped, driven by Meridian's installment payment concerns, while newcomer Fliway Group fell below its offer price on its debut.

By Pattrick Smellie • 3 min read • Thu, 9th Apr 2015
Fletcher performance shows building products not all plain sailing as Carter mulls IPO
Initial Public Offering

Fletcher performance shows building products not all plain sailing as Carter mulls IPO

Fletcher Building's shares missed out on the rally in New Zealand shares in the past five years and Graeme Hart's Carter Holt Harvey will face similar.

By Pattrick Smellie • 3 min read • Tue, 7th Apr 2015
MARKET CLOSE: NZ shares fall, paced by Fletcher, Air NZ, Fonterra
Air New Zealand

MARKET CLOSE: NZ shares fall, paced by Fletcher, Air NZ, Fonterra

New Zealand shares fell, paced by Fletcher Building and Air New Zealand, as a global sell off weighed on local stocks.

By Pattrick Smellie • 3 min read • Thu, 26th Mar 2015
MARKET CLOSE: NZ shares fall, led by Fonterra fund, on lower dividend guidance
Fintech

MARKET CLOSE: NZ shares fall, led by Fonterra fund, on lower dividend guidance

New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends.

By Pattrick Smellie • 3 min read • Wed, 25th Mar 2015
US BlackRock takes 5% stake in Fletcher Building
Fletcher Building

US BlackRock takes 5% stake in Fletcher Building

BlackRock acquires a 5% stake in Fletcher Building, signaling confidence despite the Auckland firm's recent drop in profits.

By Pattrick Smellie • 2 min read • Tue, 24th Mar 2015
MARKET CLOSE: NZ shares fall led by Fletcher on outlook; Meridian rises to record
NZX

MARKET CLOSE: NZ shares fall led by Fletcher on outlook; Meridian rises to record

New Zealand shares fell led by Fletcher Building, after the company said full-year earnings would be at the lower end of guidance.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015
UPDATED: Fletcher shares drop on reduced FY guidance, lack of franking credits
Fletcher Building

UPDATED: Fletcher shares drop on reduced FY guidance, lack of franking credits

Fletcher stock plunges 4.5% amid profit dive and scrapped franking credits, with full-year earnings to hit the lower target end.

By Pattrick Smellie • 4 min read • Wed, 18th Feb 2015
MARKET CLOSE: NZ shares rise led by Fletcher ahead of earnings
Fintech

MARKET CLOSE: NZ shares rise led by Fletcher ahead of earnings

NZ shares surge, led by Fletcher Building, amidst investor optimism before the company's expected robust earnings reveal next week.

By Pattrick Smellie • 3 min read • Fri, 13th Feb 2015
MARKET CLOSE: NZ shares fall; Spark, Precinct, Meridian decline as yield hunt wanes
NZX

MARKET CLOSE: NZ shares fall; Spark, Precinct, Meridian decline as yield hunt wanes

New Zealand shares fell from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite for re.

By Pattrick Smellie • 3 min read • Mon, 9th Feb 2015
Salt Funds emerges as one of the biggest holders of Methven with 7.8% stake
Shares

Salt Funds emerges as one of the biggest holders of Methven with 7.8% stake

Salt Funds Management has cemented its position as a key player by acquiring a 7.8% share in Methven, betting on the company's growth.

By Pattrick Smellie • 2 min read • Mon, 9th Feb 2015

Global Stories

Rimini Street appoints Joe Locandro as executive Vice President
Digital Transformation

Rimini Street appoints Joe Locandro as executive Vice President

Rimini Street appoints Joe Locandro as EVP and CIO to lead global IT and innovation, boosting resilient solutions for its worldwide clients.

By Melvin Hipolito • 3 min read • Mon, 28th Apr 2025
Interactive enhances Fletcher network with Cisco services
Partner Programmes

Interactive enhances Fletcher network with Cisco services

Interactive has teamed up with Fletcher Building to enhance its network services, promoting efficiency and cost savings across the construction giant's operations.

By Sean Mitchell • 2 min read • Mon, 18th Nov 2024
Foodstuffs South Island appoints Shayne Tong as chief digital officer
Digital Transformation

Foodstuffs South Island appoints Shayne Tong as chief digital officer

Foodstuffs South Island appoints Shayne Tong as their Chief Digital Officer to further advance their digital transformation efforts.

By Zach Thompson • 1 min read • Fri, 12th Aug 2022
Datacom's $45m data centre upgrade - here's what you need to know
Hyperscale

Datacom's $45m data centre upgrade - here's what you need to know

The upgrades across all four sites will be done by Fletcher Construction, a 35-year customer of Datacom Data Centres.

By Julia Gabel • 3 min read • Mon, 30th Oct 2017
MARKET CLOSE: NZ shares rise; Summerset gains on 1Q sales
Health Technologies

MARKET CLOSE: NZ shares rise; Summerset gains on 1Q sales

New Zealand shares rose with Summerset leading on strong 1Q sales; A2 Milk and SkyCity fell due to a strong kiwi dollar affecting trans-Tasman exposed stocks.

By Pattrick Smellie • 3 min read • Tue, 7th Apr 2015
MARKET CLOSE: NZ shares rise; Contact, Genesis gain
Power / Energy

MARKET CLOSE: NZ shares rise; Contact, Genesis gain

New Zealand shares rose, paced by Contact Energy and Genesis Energy after high-dividend paying stocks were made more attractive by the prospect of low.

By Pattrick Smellie • 3 min read • Thu, 12th Mar 2015
MARKET CLOSE: NZ shares close at new record as earnings season looms; Heartland gains
Health Technologies

MARKET CLOSE: NZ shares close at new record as earnings season looms; Heartland gains

New Zealand shares rose for a fourth day, closing at a new record, as a lack of profit warnings ahead of the earnings season reinforced confidence.

By Pattrick Smellie • 3 min read • Thu, 5th Feb 2015