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Headline News

NZ shares dip; Fletcher in trading halt

2018-02-08 nzherald.co.nz
New Zealand shares dipped as heightened global volatility continued to subside, while insurer CBL Corp was suspended pending regulatory investigations and Fletcher Building signalled another profit warning. (8-0)

Michael Hill warns of $21 million hit to first-half earnings on US exit

2018-02-08 nzherald.co.nz
Michael Hill International expects first-half earnings will more than halve with A$20 million ($21.7m) coming from the jewellery chain's exit from the US and scaling back its Emma & Roe branded store footprint.

Michael Hill explains struggle to build brand in US despite Super Bowl presence

2018-02-04 nzherald.co.nz
Michael Hill International didn't have the brand awareness or the budget to penetrate the US market, forcing its withdrawal, the retailer's boss says.

NZ shares mixed; A2 and Mercury gain

2018-01-24 nzherald.co.nz
New Zealand shares were mixed as trading picked up, with A2 Milk Co and Mercury Energy gaining while Metro Performance Glass fell. (2-0)

Michael Hill gives up on decade-long US experiment

2018-01-23 nzherald.co.nz
Michael Hill International, the jewellery chain founded by its namesake, will wind up its US operations after a decade-long investment failed to build a profitable business, and is overhauling its Emma & Roe jewellery line.

NZ shares down, F&P Health and Pushpay drop in light trading

2018-01-12 nzherald.co.nz
New Zealand shares dipped, led lower by Fisher & Paykel Healthcare and Pushpay Holdings, albeit in light volume as market participants return slowly. (6-0)

Michael Hill lifts first-half sales but US business continues to struggle

2018-01-12 nzherald.co.nz
Michael Hill International, the jewellery retailer founded by its namesake, lifted revenue 4.7 per cent in the first half, though its US business continued to struggle.

NZ's biggest tech company jumps ditch to Sydney after 3000% rise

2017-12-20 theage.com.au
New Zealand's stock market has become too small for Xero, whose market value has soared about 70-fold to $NZ4.28 billion ($3.9 billion) since its debut a decade ago. (12-0)

NZ's biggest tech company jumps ditch to Sydney after 3000% rise

2017-12-20 smh.com.au
New Zealand's stock market has become too small for Xero, whose market value has soared about 70-fold to $NZ4.28 billion ($3.9 billion) since its debut a decade ago. (12-0)

N.Z. Tech Stock Up 3,000% Is Jumping Ship for Sydney Exchange - Bloomberg

2017-12-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (90-0)

Brian Gaynor: Xero sends a message to the market

2017-11-10 nzherald.co.nz
Xero's proposed NZX delisting is a huge blow to the domestic sharemarket. The unexpected announcement is accentuated because Xero's founder and CEO Rod Drury was an NZX director from November 2009 to May 2013. (1-0)

NZX50 cracks 8,000, led by market darlings A2, Xero

2017-10-09 nzherald.co.nz
New Zealand shares rose, with the benchmark index surpassing 8,000 for the first time, led higher by export-orientated, investor favourites A2 Milk Co and Xero. (13-0)

Michael Hill lifts first-quarter sales by 7.8%

2017-10-09 nzherald.co.nz
Michael Hill International, the jewellery retailer founded by its namesake, lifted sales 7.8 per cent in the first quarter as its performance in New Zealand, Australia, and Canada continued to improve, making up for a dip in US revenue.

Former Air New Zealand boss Rob Fyfe appointed to board of Air Canada

2017-09-16 nzherald.co.nz
Former Air New Zealand boss Rob Fyfe is heading back to work for an airline after being appointed to Air Canada's board.

NZ shares inch lower on investor jitters

2017-04-10 nzherald.co.nz
New Zealand shares pulled back slightly as geopolitical tensions kept some investors on the sidelines while others looked to re-allocate some assets at the start of the new financial year.