
Market close: Pacific Edge shares plunge on risk of revenue loss
But the sharemarket was lifted by news of Infratil's US$300m deal with a German insurer.
But the sharemarket was lifted by news of Infratil's US$300m deal with a German insurer.
The catch behind Infratil's comments on the value of its stake in a company shooting up.
McDonald's is Plexure's biggest customer.
Pacific Edge could have its cancer tests dropped by a major US health insurance company.
The New Zealand sharemarket had another positive day.
Jeff Bezos' fortune managed to rise by billions despite the loss.
Investors can expect some robust earnings this reporting season, but challenges lie ahead.
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The New Zealand sharemarket rose more than 1.7 per cent.
The New Zealand sharemarket fell today.
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The New Zealand sharemarket fell as investors await upcoming companies' results.
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The S&P/NZX 50 Index fell 0.06 per cent to end the week.
Listed companies with major shareholders need to have independent boards, NZSA says.
Vulcan Steel has entered a deal to buy Ullrich Aluminium.
The automaker's second quarter results reported adjusted earnings of US$2.27 per share.
Overall, the sharemarket rose, led by Pacific Edge.
US dollar appreciation could result in a foreign exchange hit of US$3.5 billion.
Turnover was thin, with many market participants away during school holidays.
CEO of the outdoor clothing company had been in the role since 2019.
The price of WTI Crude was up 4 per cent to US$101.49.
Electricity stocks - generally considered safe havens from inflation - gained.
The index fell abruptly at lunchtime and finished more than half a per cent down.
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The New Zealand sharemarket rose more than half a per cent.
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