Biz briefs: NZX glitch

Last updated 11:25 10/06/2014

Relevant offers

Industries

SBS Bank signals higher surplus LPC volumes 'better than anticipated' despite Kotahi deal Auckland councillors reject tougher wharf reclamation rules Backbench MP pay rises $8200 a year Fliway owner plans up to $50m share offer 2degrees US majority owner adds to stake NZ eyes Australian house buyer controls Architects urge rethink on wharf plans Auckland project to redevelop 2800 state houses NZ Super Fund 'very confident' of recovering Portuguese loan

Nuplex downgrades profit forecast

Chemical's manufacturer Nuplex has cut its full-year profit forecast due to a weaker May performance and June forecast.

The company now sees an operating profit for the year to June 30 of between $121 million and $125m. This is lower than its previous guidance of $130m to $145m.

Nuplex said the updated range continued to include net costs of $2.4m from implementing the New Zealand and Australia re-organisation announced in February.

The company was confident it would maintain its dividend payout.

NZX trading stopped temporarily

Technical issues stopped trading on NZX for about 25 minutes this morning.

Just before 11am the market operator said trading would stop due to the glitch. It reopened the markets at 11.20am once the problem had been fixed.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content