Biz briefs: NZX glitch

Last updated 11:25 10/06/2014

Relevant offers

Industries

Competition watchdog says Sky merger rejection sets no precedents Sky TV boss says appealing merger ruling would be like having 'root canal work' Sweet spot for Kiwi travellers as competition hits air travel costs, Air NZ says Stand-down for employers who exploit migrants not enough: unions Tesla mania hits NZ: can we cope? Tensions boil over as Dunedin city leaders meet Cadbury bosses over factory closure Rejecting Sky/Vodafone merger a 'free hit' for competition watchdog Range Rover hints at sports car development Freight hub adds 300 jobs Sam Neill's from Dunedin and doesn't want you to buy Cadbury chocolate - ever again

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