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Headline News

Brian Gaynor: New Xero boss has other fish to fry

Rod Drury's resignation as Xero's chief executive this week was a huge surprise, as was the appointment of outsider Steve Vamos to replacement him. (22-0)

NZ shares fall; MetroGlass sinks to record low

New Zealand shares fell as Metro Performance Glass sank to a record low on speculation it may drop out of the S&P/NZX 50 Index. Fisher & Paykel Healthcare, Fletcher Building and a2 Milk were among decliners while Kathmandu and Z Energy rose. (21-0)

Outrage from retirement giants over proposed government ban on foreign investors

A proposed law change would ban multi-billion dollar retirement giants Ryman Healthcare and Metlifecare from buying any further New Zealand land, sparking an outcry from the NZX-listed businesses. (5-0)

New Zealand sharemarket joins global rally

New Zealand shares joined a global rally, buoyed by optimism over local earnings with retirement village operator Summerset Group gaining for a second day, in contrast to rival Metlifecare which disappointed investors. (22-0)

Brian Gaynor: A2 Milk takes flight as Fletcher plummets

Wednesday was a watershed day for the NZX, with a2 Milk surging to the top of the market in terms of value, with a capitalisation of $8.6 billion. (27-0)

Big name stocks fall, dragging down sharemarket

New Zealand shares dropped, led by Kathmandu Holdings and Fisher & Paykel Healthcare, while NZX gained. (16-0)

Ryman Healthcare and A2 Milk lead sharemarket higher

New Zealand shares gained, led higher by Ryman Healthcare and A2 Milk Co on some positioning ahead of upcoming earnings, while Infratil and Fonterra Shareholders Fund dropped. (10-0)

NZ shares mixed, Fisher & Paykel and Air NZ drop while Kiwi Property rebounds

New Zealand shares were mixed as Fisher & Paykel Healthcare fell on the stronger Kiwi dollar while property stocks rebounded from earlier selling. (17-0)

NZ shares mixed, Synlait, A2, Fisher & Paykel gain

New Zealand shares were mixed, with Synlait Milk, A2 Milk Co and Fisher & Paykel Healthcare Corp leading gains. (9-0)

NZ shares drop 1.4 per cent on foreign selling

New Zealand shares fell over 1 per cent as foreign investors sold back their stakes, with A2 Milk Co and Meridian Energy hit hardest. (14-0)

NZ shares up, Ryman and Stride gain while Plexure drops on NZX price enquiry

New Zealand shares gained, led higher by Ryman Healthcare and Stride Property, as Plexure Group dropped following a price enquiry. (19-0)

NZ shares rise on Tourism Holdings, Sky TV gains

New Zealand shares rose in subdued holiday trading, keeping the S&P/NZX 50 Index on track for an annual gain of about 22 per cent, as US tax cuts lifted sentiment for equities and for companies that do business in the US, such as Tourism Holdings. (11-1)

Sky TV leads sharemarket higher

New Zealand shares were mixed, as Xero dropped ahead of its departure from the benchmark index and Metlifecare led retirement stocks lower, while Sky Network Television and Fisher & Paykel Healthcare rose. (7-0)

Australian shares flat as materials and financials diverge; NZ down

2017-12-04 themalaymailonline
Rio Tinto, after months of speculation, appointed Simon Thompson as its next chairman to succeed Jan Du Plessis. — Reuters picSYDNEY, Dec 4 — Australian shares were steady today, as gains in materials stocks on strong commodity prices were offset by declines in the financial sector. (27-0)

NZ shares gain, Ryman hits record

New Zealand shares rose as Ryman Healthcare climbed to a new record after last week's strong earnings result, while upcoming index reweightings stoked demand for Fisher & Paykel Healthcare while weighing on Contact Energy. (28-0)