Napier Port reported a 24.4%<\/a> increase in its net profit for the September year, while lifting its dividend and painting a favourable earnings outlook for 2026.<\/p>\n\u201cThe result was above previous guidance, although they had flagged that they thought that might occur. I think again it\u2019s symptomatic of an economy that\u2019s getting a bit better.<\/p>\n
\u201cI think the tourism vessel figures were interesting, a little bit less than expected but that was outweighed by the positive forecast comments elsewhere.\u201d<\/p>\n
The port\u2019s share price lifted 2.63% or 9c to $3.51 on turnover worth $609,595.95.<\/p>\n
Radius Healthcare, meanwhile, rallied 6.67% to $0.40 after its half-year result, with its net profit increasing by 221% to $6.3m compared with the prior corresponding period.<\/p>\n
Contact Energy fell 1.80% or 17c to $9.30 on turnover worth $12m, while Infratil fell 0.43% or 5c to $11.55 on turnover worth $6.7m.<\/p>\n
Summerset Group fell 0.71% or 9c to $12.51 and Fletcher Building was down 0.30% or 1c to $3.37.<\/p>\n
Stock markets slid across the board on Tuesday in the US as investors worried about lofty tech valuations on the eve of earnings from AI chip titan Nvidia.<\/p>\n
Bitcoin also briefly fell below the key US$90,000 ($159,800) level for the first time in seven months, before rising to around US$93,000.<\/p>\n
Major Wall Street indexes closed lower after a rough day of trading in Europe and a sharp sell-off in Asia, while Nvidia itself gave up 2.8%.<\/p>\n
There was no cheer at the European close either as London, Paris and Frankfurt all shed more than 1%.<\/p>\n
After stocks\u2019 record rally this year, traders have begun to question whether the billions poured into artificial intelligence will ever lead to big returns.<\/p>\n
Investors will be looking for clues on the health of the industry when Nvidia releases its quarterly earnings later on Wednesday (Thursday morning NZT).<\/p>\n
\u2013 Additional reporting AFP<\/p>\n
Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.<\/p>\n
Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThere\u2019s been some positive releases today in New Zealand and the general flavour is glimpses or even maybe…\n","protected":false},"author":2,"featured_media":143987,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[806,8834,650,138,651,5201,127,59776,71,3014,527,23500,649,16774,2513,1362,225,3607,111,139,69,29268,2989,72127,1125,643,165,7245,49632,97087,80],"class_list":["post-143986","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-as","tag-big","tag-brands","tag-business","tag-close","tag-closed","tag-despite","tag-dips","tag-from","tag-gain","tag-healthcare","tag-impact","tag-kmd","tag-larger","tag-lower","tag-made","tag-market","tag-napier","tag-new-zealand","tag-newzealand","tag-nz","tag-port","tag-positive","tag-radius","tag-sharemarket","tag-stocks","tag-their","tag-updates","tag-weigh","tag-weighted","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/143986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=143986"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/143986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/143987"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=143986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=143986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=143986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}