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S&P/NZX50 rises 0.8% despite weaker Fisher & Paykel Healthcare

S&P/NZX50 rises 0.8% despite weaker Fisher & Paykel Healthcare
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

United States , New Zealand , Jacinda Ardern , Hindin Greene , Gurin Energy , Paykel Healthcare , Wall Street , Grant Williamson , Prime Minister Jacinda Ardern , Ryman Healthcare , Dow Jones Industrial Average ,

S&P/NZX50 Index up 0.2 per cent, Mainfreight and Sanford shares retreat

S&P/NZX50 Index up 0.2 per cent, Mainfreight and Sanford shares retreat
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

New Zealand , Hindin Greene , Us Labor Department , Tahu Holdings , Labor Department , Grant Williamson , Paykel Healthcare , Wall Street , Dow Jones Industrial Average ,

S&P/NZX50 jumps 1.8 per cent; Skellerup posts record profit

The NZ sharemarket had an “extremely good day”, despite a negative Wall Street. ....

New Zealand , New South Wales , Jacinda Ardern , Hindin Greene , Auckland Crowne Plaza Hotel , Health Ashley Bloomfield , Auckland International Airport , Commerce Commission , Skellerup Holdings , Hamilton Hindin Greene , Grant Williamson , Reserve Bank , Prime Minister Jacinda Ardern , Crowne Plaza , Fletcher Building , International Airport , Auckland Airport , Paykel Healthcare , Wall Street , Dow Jones Industrial Average , புதியது ஜீலாந்து , புதியது தெற்கு வேல்ஸ் , ஆக்லாந்து கிரீடம் ப்லாஸ ஹோட்டல் , ஆரோக்கியம் ஆஷ்லே ப்ளூம்ஃபீல்ட் , ஆக்லாந்து சர்வதேச விமான , வர்த்தகம் தரகு ,

Soaring Auckland Airport shares push S&P/NZX50 up 0.8%

Auckland Airport was up 5.4 per cent at $7.61, with $39 million worth of shares traded.
The A$22 billion (NZ$23.6 billion) offer for Australia’s biggest airport showed the potential in the sector, Williamson said.
RICKY WILSON/Stuff
A surge in Auckland Airport shares after a takeover offer for Sydney Airport helped boost the sharemarket.
“Investors are saying Auckland Airport is undervalued.”
The unsolicited offer for Sydney Airport from a group of infrastructure investors was at a significant 42 per cent premium to the shares’ close on Friday. Sydney Airport shares were up 32 per cent on Monday afternoon, at A$7.68.
However, the aviation and tourism sectors remain under pressure, with further disruption to the trans-Tasman travel bubble. On Monday afternoon, the Government extended a pause on quarantine-free travel with the Australian states of New South Wales and Queensland due to the number of cases of Covid-19. ....

New Zealand , New South Wales , Hobson Leavy , Rob Fyfe , Jacinda Ardern , Air New Zealand , Auckland International Airport , Genesis Energy , Meridian Energy , Contact Energy , Sydney Airport , Hamilton Hindin Green , Grant Williamson , Auckland Airport , Minister Jacinda Ardern , Paykel Healthcare , Ryman Healthcare , Wall Street , Dow Jones Industrial Average , புதியது ஜீலாந்து , புதியது தெற்கு வேல்ஸ் , ஹாப்சன் லீவி , கொள்ளை ஃபைஃப் , அேக புதியது ஜீலாந்து , ஆக்லாந்து சர்வதேச விமான , ஜநெஸிஸ் ஆற்றல் ,

Aggressive sell-off in Fisher & Paykel Healthcare drags down S&P/NZX50

The medical equipment manufacturer said it will distribute $29 million in bonuses to staff after posting a record $524m full year profit after tax, up 82 per cent on the previous year.
Shares in Fisher & Paykel Healthcare closed down 5 per cent at $29.79, recovering from the session low of $27.81.
LAWRENCE SMITH/Stuff
The company has experienced worldwide demand for its breathing devices during the Covid-19 pandemic.
“It’s been one of our best performing stocks during Covid, it’s had a great run. Covid boosted its sales significantly,” said Williamson.
However, the lack of clarity around the company’s outlook and the lack of earnings guidance created a bit of uncertainty in investors’ minds, he said. ....

New Zealand , Lewis Gradon , Hindin Greene , Paykel Healthcare , Grant Williamson , Fletcher Building , Wall Street , Dow Jones Industrial Average , புதியது ஜீலாந்து , ஹிண்டின் கிரீன் , பேகெல் சுகாதாரம் , மானியம் வில்லியம்சன் , பிளெட்சர் கட்டிடம் , சுவர் தெரு , டோ ஜோன்ஸ் தொழில்துறை சராசரி ,