Sharemarket News .
New Zealand Herald - Markets
21 Nov 2008 at 8:00am
US stocks: Late rally relieves disastrous day
Wall Street clawed back from multiyear lows this morning (NZ time) after hopes of a deal to rescue US automakers were revived, offsetting growing concerns about the deepening economic downturn.
A group of senators said a bipartisan...
Goodman predicts profit fall
Transtasman food company Goodman Fielder says its first half profit is likely to fall 15 per cent, due to the impact of higher commodity costs.
"We anticipate that our first half profit results will be around 15 per cent lower...
Agents feel effect of market in doldrums
The volume of unsold houses in the country's northern region is rapidly rising and prices are taking a hammering.
Harcourts, New Zealand's biggest real estate chain with 180 offices, yesterday released figures that showed just...
World markets echo Wall Street plunge
World stocks fell sharply overnight (NZT), as recession fears gripped markets and briefly sent oil prices below US$50 a barrel.
The FTSE 100 index of leading British shares closed down 130.69 points, or 3.3 per cent, at 3,874.99,...
Stock takes : Matter of trust
As reported in the Business Herald, investors in the listed property sector can expect falling returns and are being advised to diversify for tougher times.
Broker ABN-Amro Craigs said returns could drop 15 per cent because of...
Australian stocks: Grim day on ASX
The Australian sharemarket closed more than four per cent weaker, with losses in all sectors particularly among the major miners and energy stocks after Wall Street's lowest close since 2003.
The benchmark S&P/ASX200 index was...
NZ stocks: Sharemarket can't shake the blues
The New Zealand sharemarket went for a ride lower today along with slumping world markets.
A 51 per cent hike in interim profit from Fisher & Paykel Healthcare and a prediction of a 70 per cent rise in annual profit could not...
Australian stocks: Four per cent down on opening
The Australian sharemarket has opened over four per cent weaker today, after Wall Street dropped below 8,000 points for the first time since 2003.
The benchmark S&P/ASX200 index was in freefall, down 143.7 points, or 4.11 per cent,...
Wall St plunges on continued recession fears
NEW YORK - Wall Street hit levels not seen since 2003 overnight, with the Dow Jones industrial average plunging below the 8,000 mark as the fate of Detroit's Big Three automakers amid a slumping economy disheartened investors.
A...
NZ Shares: Local shares tumble on world slump
The New Zealand sharemarket has tumbled in early trading after world markets slumped, despite strong half-year results from Fisher & Paykel Healthcare.
Healthcare posted a 51 per cent lift in net profits to $28.3 million for the...