7 stories mentioning NZE:NZLUpdated 12m ago
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Here are the NZX-listed companies with the biggest losses on Friday.Santana Minerals (NZE:SMI): -4%, NZ$0.63Rua Gold (NZE:RGI): -4%, NZ$1.46New Zealand King Salmon (NZE:NZK): -2%, NZ$0.23Scott Technology (NZE:SCT): -1%, NZ$2.83Summerset Group (NZE:SUM): -1%, NZ$8.15New Zealand Rural Land (NZE:NZL): -1%, NZ$0.92Contact Energy (NZE:CEN): -1%, NZ$8.74
Here are the NZX-listed companies with the biggest losses on Thursday.Air New Zealand (NZE:AIR): -2%, NZ$0.43SkyCity Entertainment Group (NZE:SKC): -2%, NZ$0.61New Zealand Rural Land (NZE:NZL): -2%, NZ$0.95Infratil (NZE:IFT): -2%, NZ$14.96T&G Global (NZE:TGG): -1%, NZ$2.21Meridian Energy (NZE:MEL): -1%, NZ$5.64Michael Hill International (NZE:MHJ): -1%, NZ$0.41Ventia Services Group (NZE:VNT): -1%, NZ$7.24Fletcher Building (NZE:FBU): -1%, NZ$3.75Fisher & Paykel Healthcare (NZE:FPH): -1%, NZ$42.57
New Zealand Rural Land (NZE:NZL) said its 75%-owned New Zealand Rural Land Investments has completed the purchase of the remaining property in Roxburgh East, Central Otago, from SI Orchards, according to a Monday New Zealand bourse filing.
New Zealand shares ended higher on Wednesday as Asian markets followed Wall Street's Tuesday rally.The S&P/NZX 50 Index rose 0.78% or 107.15 points to close at 13,763.18.On Tuesday, the Nasdaq Composite gained 1.3%, the S&P 500 added 0.9% while the Dow Jones advanced 0.7%.In domestic news, a total of 26,889 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 24,745 to 30,422 MT, according to data from the trading platform.Also, credit card spending in New Zealand decreased by 1.3% month on month to NZ$4.37 billion in June after a 1.9% increase in the previous month, while credit card balances fell 0.4% to NZ$5.97 billion in June, data from the Reserve Bank of New Zealand showed.In corporate news, Mercury (ASX:MCY, NZE:MCY) reported fiscal fourth-quarter gas sales of 488 gigawatt-hours (GWh) at a volume-weighted average price of NZ$36.1 per megawatt-hour (MWh), down from 501 GWh at NZ$31.3/MWh a year earlier.New Zealand Rural Land's (NZE:NZL) board reaffirmed the suspension of its fiscal 2026 earnings guidance.
New Zealand Rural Land's (NZE:NZL) board reaffirmed the suspension of its fiscal 2026 earnings guidance, according to a Wednesday New Zealand bourse filing.New Zealand Rural Land Investments Limited Partnership was informed by the receiver of Kiwi Crunch Farms, the tenant of its Hawke's Bay properties, that Kiwi Crunch Farms ceased to use, possess, or occupy the properties and that they do not propose to use the properties or exercise any rights in relation to them, effective immediately.New Zealand Rural Land has a 75% stake in New Zealand Rural Land Investments Limited Partnership. The properties are now under the control of the partnership and it is currently negotiating sale or lease options for each of the affected properties.As of June 30, Kiwi Crunch Farms owed the partnership rent of NZ$300,000 in total.New Zealand Rural Land said it continues to assess the implication of both the Kiwi Crunch Farms receivership and the wider appointment of external administrators to other Wade Glass entities.New Zealand Rural Land's shares fell nearly 3% in recent trading on Wednesday.
New Zealand shares ended higher on Thursday, trading close to their recently acheived all time highs while investors remained cautious after renewed US-Iran tensions.The S&P/NZX 50 Index rose 0.88% or 120.49 points to close at 13,785.67.The US military said on Wednesday it launched fresh strikes on Iran to keep the Strait of Hormuz open to shipping, prompting Iranian retaliatory attacks on Kuwait and Bahrain in an escalation that threatens to derail efforts to end the conflict, according to a Wednesday Reuters report.The Nasdaq Composite rose 0.2% on close, the S&P 500 lost 0.3%, and the Dow Jones decreased 1.1%.In domestic news, New Zealand's manufacturing sector expanded in June, reaching its strongest reading since the rebound in July 2021 following the pandemic, as positive sentiment returned for the first time in recent months, BusinessNZ said.Also, the Light Traffic Index in New Zealand in June fell 0.5% sequentially and 0.4% year over year due to higher fuel prices, ANZ Research said in a report.Further, borrowing costs in New Zealand are poised to rise further as the country's central bank will likely follow its first rate hike in three years with a sequence of 25-basis-point increases, BNZ Research said.In corporate news, New Zealand Rural Land (NZE:NZL) suspended its 2026 earnings guidance after Kiwi Crunch Farms, a tenant accounting for 5.8% of rental income in its 75%-owned land partnership, entered voluntary administration and receivership.
New Zealand Rural Land (NZE:NZL) suspended its 2026 earnings guidance after Kiwi Crunch Farms, a tenant accounting for 5.8% of rental income in its 75%-owned land partnership, entered voluntary administration and receivership, according to a Thursday filing with the New Zealand bourse.The company said two additional leases with entities controlled by Wade Glass, who ultimately controls Kiwi Crunch Farms, account for a further 7.3% of rental income and remain unaffected, but are being closely monitored, per the filing.The leases for Kiwi Crunch Farms and the additional properties remain in effect, and all outstanding and future rentals remain payable by the tenants, the filing said.Additionally, the company will proceed with the acquisition of the remaining Roxburgh East property from SI Orchards to secure full ownership rights, while the property will continue to be leased back to SI Orchards, the filing added.
