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New Zealand Shares Fall; Channel Infrastructure H1 Earnings, Revenue Up

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New Zealand shares fell on Friday, as investors await comments on the monetary policy by the US Federal Reserve's new chair, Kevin Warsh, later in the day.

The S&P/NZX 50 Index fell 0.81% or 111.87 points to close at 13,768.18.

Meanwhile, Iran and Oman had agreed on administering traffic in the Strait of Hormuz and sharing revenues, causing Brent crude oil futures to fall to around $89.

On Thursday, the Nasdaq Composite jumped 1.6%, the S&P 500 rose 0.7%, and the Dow Jones climbed 0.2%.

In domestic news, the ANZ-Roy Morgan Consumer Confidence index for New Zealand eased by one point in August to 98, still under par but 18 points higher than a low struck in April.

The number of enterprises in New Zealand hit 601,614 in July, down from 603,549 in June, according to data by Stats NZ.

New Zealand's filled jobs in July rose 0.3% in seasonally adjusted terms to 2.36 million filled jobs in all industries compared with the previous month, according to a report by Stats NZ.

In corporate news, Channel Infrastructure (ASX:CHI, NZE:CHI) logged NZ$0.044 in earnings per share for the first half, compared with NZ$0.028 a year ago. For the six months ended June 30, revenue was NZ$72.9 million versus NZ$70.2 million previously.

Air New Zealand (ASX:AIZ, NZE:AIR) logged NZ$0.074 in loss per share for fiscal 2026, compared with a profit of NZ$0.032 a year ago. For the 12 months ended June 30, operating revenue was NZ$7.02 billion versus NZ$6.76 billion previously.

Lastly, Synlait Milk (ASX:SM1, NZE:SML) is expecting fiscal 2026 underlying net loss after tax of NZ$19 million to NZ$24 million. The company expects reported net loss after tax of AU$70 million to AU$75 million for the 12 months ended July 31.

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