MARKETWEEK:  Bear market gets started on Wall Street

  Warren Head Take a closer look at the New Zealand growth rate and then at that of the most powerful nation on Earth and breathe out. We’re not that happy about a lot of things but we are not...

Fonterra holds profit level

22.9.22 Fonterra today announced a strong set of results for the financial year ending 31 July 2022, reflecting a 2021/22 Farmgate Milk Price of NZ$9.30 per kgMS and normalised profit after tax of...

MARKETWEEK: NZ market treats US sell-off coolly

My Food Bag in market spotlight 17.9.22   //   Warren Head There is a firestorm sweeping America burning up buying power – it’s called inflation and it is taking time to dampen down. The past...

Briscoe holds the high ground

14.9.22 National retailer Briscoe Group saw its share price rally after delivering another exceptional result – this time for the July half-year. Briscoe reported  a net profit after tax (NPAT) of...

A whiff of reality for Wall Street

14.9.22 The problem with market ‘noise’ is that when it is askew, the worst that can happen is that the wheels come off equities – which is what happened overnight. The US inflation data for August...

MARKETWEEK:  A week of historic transition for the UK

  10.10.22  //. WARREN HEAD  // The irrefutable transition of sovereign power from Queen Elizabeth II to the new King Charles III is a beacon of stability in a very volatile world. The transfer...

Changes at top of Restaurant Brands

7.9.22 Restaurant Brands New Zealand will be moving to a new leadership in 2023 with the news Russel Creedy, Group Chief Executive Officer, and Grant Ellis, Group Chief Financial Officer, will both...

Reserve Bank of Australia walks ‘narrow path’

6.9.22 The Reserve Bank of Australia (RBA) has raised the official cash rate by 50 basis points (0.5 per cent) to 2.35 per cent – a 7½ year high. This is the fifth straight rate hike, and the fourth...

MARKETWEEK:     Local equities market displays some stoicism

Wall Street dislikes good news Warren Head While financial markets in several countries are looking somewhat beaten up, the domestic market is not over-reacting to the current adjustment upwards of...

Napier Port lodges bond offer

1.9.22 Napier Port Holdings has registered a Product Disclosure Statement (PDS) for an issue of bonds of up to NZ$75m (inclusive of the Shareholder Priority Offer and with the ability to accept...

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Market report 22.9.22

The New Zealand sharemarket resisted the temptation to follow the US markets into a sharp decline when it opened today. Overnight events in the geopolitical situation over Ukraine led to a rise in risk sentiment, while the higher interest rates set by the US Federal...

Fonterra holds profit level

22.9.22 Fonterra today announced a strong set of results for the financial year ending 31 July 2022, reflecting a 2021/22 Farmgate Milk Price of NZ$9.30 per kgMS and normalised profit after tax of NZ$591 million. With a total dividend of 20 cents per share to our...

Financials take ASX lower

21.9.22 The Aussie sharemarket finished near session lows, with the ASX 200 closing 106.2 points or 1.6 per cent lower, to 6700.2. Materials was the main weight after the sector recorded a 2.6 per cent decline, notes CommSec. Major miners like Fortescue Metals (FMG),...

Market Report 21.9.22

The NZ sharemarket shed 71.48 points today to close at 11,498.95 on the NZX50 index after a mixed trading session. Globally, there was increased risk sentiment as Russia jangled nerves with a partial national mobilisation of troops and threatened nuclear retaliation...

Strong sales for Air NZ

Air New Zealand has continued to see strong forward sales over the first three months of the financial year, particularly for travel through to January 2023. The airline said it continues to operate approximately 70 percent of FY19 capacity. On the basis that this...

Nervous markets shift risk sentiment

Risk sentiment has soured, with nerves ahead of the Fed’s policy announcement tomorrow and news that votes on annexation will be held in some Russian-held Ukraine territories, opening the door for an escalation in the war, comments BNZ Markets. Global rates have...

MIning lifts ASX into positive territory

20.9.22 The Aussie sharemarket lifted for the first time in three days and finished near session highs, with the ASX 200 up by 86.5 points or 1.3 per cent, to 6086.4. Nine sectors and 71 per cent of stocks in the ASX 200 finished in positive territory, says CommSec....

Market report 20.9.22

Gainers easily outpaced falls on NZX today, with the best performer Seeka up 3.9% or 17c to $4.04. Spark rallied 13.5c to $5.165. a2 Milk gained 17c at $6.32. Vulcan Steel added 14.5c at $8.17, and Auckland Airport was up 8c to $7.74. Marsden Maritime, Mercury, PGG...

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