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Market close: NZ sharemarket snaps eight-day losing streak


Market close: NZ sharemarket snaps eight-day losing streak
17 May, 2021 05:53 AM
4 minutes to read
Restaurant Brands surged 60c or 4.51 per cent to $13.90. Photo / Dean Purcell
NZ Herald
By: Graham Skellern
The lagging New Zealand sharemarket snapped an eight-day losing streak with a small but significant gain – but global marketer a2 Milk continued its slump.
The S&P/NZX 50 Index raced ahead to an intraday high
of 12,442.65 by lunchtime but then steadied and closed at 12,410.47, up 42.61 points or 0.34 per cent.
There were 71 gainers and 68 decliners over the whole market on light trading of 33.9 million shares worth $105.15 million.
Greg Smith, head of research with Fat Prophets, said the market had "a bit of a relief bounce after the weakness last week. The inflationary concerns aren't going away, and it's a case of the market acclimatising to the prospect of a higher inflation rate and higher interest rates down the track."

Kathmandu , Bagmati , Nepal , New-zealand , Noel-leeming , Greg-smith , Klaus-josef-lutz , Summerset-group-holdings , Commerce-commission , Genesis-energy , Scales-corporation , Vista-group

Sideswipe: April 19: Bread in captivity


Sideswipe: April 19: Bread in captivity
18 Apr, 2021 05:00 PM
3 minutes to read
Leave scam
A Taiwanese man came up with an ingenious way of getting extended paid leave from work: he got married four times and divorced three times in just 37 days. According to Taiwanese law,
a person has the right to eight days' paid work leave when they get married, which is exactly what one unnamed clerk received when he got married last year. After that, it's back to work but the hero of our story had prepared for this in advance. On the last day of his eight-day leave, the man divorced his wife, only to marry her again the next day and ask for another paid leave, to which he felt he was entitled to, by law. He went on to marry the same woman four times, and divorce her three times in 37 days, for a total of 32 days of paid leave.

Taiwan , France , French , Taiwanese , Medieval-french , Tiggywinkles-wildlife-hospital , Sideswipe , April , Bread , Captivity , Came

Former cop: Remuera death 'sounds like a homicide inquiry'


Former cop: Remuera death 'sounds like a homicide inquiry'
13 Apr, 2021 06:21 AM
4 minutes to read
Police are still investigating the circumstances around Pauline Hanna's death, which authorities are treating as unexplained. Hanna, 63, was also known as Pauline Polkinghorne. Photo / Michael Craig
Police are still investigating the circumstances around Pauline Hanna's death, which authorities are treating as unexplained. Hanna, 63, was also known as Pauline Polkinghorne. Photo / Michael Craig
NZ Herald
A former senior police detective believes an eight-day investigation into an unexplained death in Auckland's Remuera "sounds like it's going to be a homicide inquiry".
Emergency services were called to a house on Upland Rd on Easter Monday following the "sudden" death of 63-year-old Counties Manukau district health board executive project director Pauline Hanna.

Auckland-region , Auckland , New-zealand , Manukau , New-zealand-general , Remuera , Aaron-pascoe , Lance-burdett , Pauline-hanna , Philip-polkinghorne , Easter-monday