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Port of Tauranga

NZ Sharemarket Slumps To 2-1/2 Yr Low After Warehouse Downgrade

By Simon Louisson of NZPA Wellington, June 27 NZPA - The sharemarket dropped another 1 percent today to a 2-1/2 year low, sparked by a profit downgrade by retailer The Warehouse and a 3 percent plunge on Wall Street.

NZ Shares Open Lower

Wellington, June 23 NZPA - The New Zealand market opened lower today, unable to ignore a sharp fall on Wall Street on Friday. The biggest sharemarket in the world closed at its second-lowest level this year and below 12,000 for the first time since March 17.

NZ Sharemarket Heads Down Again As Wall Street Drops Again

Wellington, June 18 NZPA - The sharemarket was again near a 27-month low today after Wall Street fell again.

Fletcher Building Pushes NZ Sharemarket Lower Again

By Melanie Carroll of NZPA Wellington, June 13 NZPA - The sharemarket hovered above levels not seen for two years, aided by Fletcher Building's slide to a three-year low today.

Tauranga, Lyttelton Ports To Lose Weekly Container Service

Wellington, June 10 NZPA - Ports at Tauranga and Lyttelton will lose ship visits when CMA CGM, the world's third-largest container shipping line, withdraws the weekly Nemo service at the beginning of August.

NZ Shares Drift To Uninspiring Close

By Melanie Carroll of NZPA Wellington, June 10 NZPA - The sharemarket held up today while other markets around Asia gave up ground, but shares drifted to an uninspiring close on minimal volume.

CMA To Pull NZ Nemo Service

Wellington, June 10 NZPA - CMA CGM, the world's third-largest container shipping line, announced today it intended to withdraw the recently established weekly Nemo service from New Zealand at the beginning of August. CMA cited rising costs as the reason for its decision.

NZ Sharemarket Falls 2.3pct As Leaders Tumble

By Pam Graham of NZPA Wellington, June 3 NZPA - The New Zealand share market plunged 2.3 percent today as offshore markets weakened and as gains on Friday by major stocks reversed.

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