Half-year profit plunge for The Warehouse

23.3.23 A combination of rising costs and trimmed margins has been a tough mixture for The Warehouse Group in the January 29 half-year. While group sales of $1.813 billion are up 4.8% compared to...

US Fed lifts interest rate

The US Federal Reserve’s Federal Open Markets Committee has stayed on course in its anti-inflation strategy – despite recent turmoil in the edges of the American banking sector - and raised the...

Consumer confidence still in doldrums

22.3.23 (9.20am) Westpac McDermott Miller Consumer Confidence, March quarter 2023 The mood among New Zealand households remains grim, although the Westpac McDermott Miller Consumer Confidence Index...

MARKETWEEK:      NZX batting through offshore tumult

// Warren Head //18.3.23 UPDATED Investors in the NZ equities market are showing a night watchman’s determination to remain positive at the crease despite a deteriorating wicket. The economic...

Better terms in new Pushpay scheme

  Pushpay Holdings has been able to upgrade the terms of the Scheme Implementation Agreement with Pegasus BidCo Ltd, including an increased bid price.  It has also secured the support of its...

MARKETWEEK: Sharemarket settling into a slow descent

11.3.23 //  Warren Head  // The tide of optimism that inflation had peaked was running back out again over the last week – doubts creeping into American markets and spreading from there. Much of the...

Investment equation tilting towards the value style

Alex Crooke of Janus Henderson 9.3.23 Warren Head  // The sudden increased velocity of inflation has shaken the investment tree in many markets, with less conviction in the growth rate of the golden...

Rakon upgrades FY23 guidance

  7.3.23 Rakon Ltd – which is a high technology manufacturer of frequency control and timing solutions for the telecommunications, positioning, and space and defence sectors - has updated its...

MARKETWEEK:   Patchy week for start of autumn

Ampol shares accelerated this week 4.3.23 // Warren Head // A degree of uncertainty is currently gripping the NZ sharemarket as investors grapple with some big issues around the trading outlook for...

Profitable downpours for Meridian

Lake Ohau generation 1.3.23 (9.50am) Empowered by the rains of winter 2022, Meridian Energy sold more electricity to its customers in the first half of FY23 and booked anet profit after tax of $201...

The Latest

Export focus for Rua Biuoscience

24.3.23 Rua Bioscience is to cease local GMP manufacturing and accelerate its global brand strategy and building its export product pipeline. . Working with manufacturing partners, Rua expects New Zealand patients will ultimately benefit from a wider range of...

Downgrading the Warehouse

24.3.23 The surprisingly deep dive in 1H23 net profit by The Warehouse has brought forth both a lot of media comment and market downgrades. Slowing consumer activity and operating leverage drove a meaningful fall in earnings, commented Jarden analyst Guy Hooper this...

‘Hawkish’ tone from the central bank

24.3.23 RBNZ Chief Economist Paul Conway adopted a hawkish accent in his speech yesterday on “The path back to low inflation in New Zealand.” The speech was part of the KangaNews New Zealand Capital Markets Forum. It focused on the drivers of high inflation and the...

NZ Market report 23.3.23

American sharemarkets fell overnight after the US Federal Reserve FOMC increased official interest rates by 0.25%, in the continued anti-inflation campaign despite tensions in the banking sector. The Dow Jones fell 530.49 points or 2.63% at 32,030.11.  The downwards...

Half-year profit plunge for The Warehouse

23.3.23 A combination of rising costs and trimmed margins has been a tough mixture for The Warehouse Group in the January 29 half-year. While group sales of $1.813 billion are up 4.8% compared to FY22 half year, the bottom line reported net profit dropped 60.9% to...

US Fed lifts interest rate

The US Federal Reserve’s Federal Open Markets Committee has stayed on course in its anti-inflation strategy – despite recent turmoil in the edges of the American banking sector - and raised the target range for the federal funds rate to 4-3/4 to 5% “Recent indicators...

NZ Market Report 22.3.23

There was much more positive energy flowing through the NZ sharemarket today with several leader5s bouncing upwards from recent sold-off situations. Prominent in this rally were EBOS up 123c to $45.70, F&P Healthcare up 60c to $25.75, while Restaurant Brands...

Hotelier to purchase landmark in Brisbane

  22.3.23 The Sofitel Brisbane Central hotel holds a landmark location in the Queensland city and Millennium & Copthorne Hotels have committed to a NZ$189m deal that will fold it into the hotelier’s property portfolio. Millennium & Copthorne Hotels New...

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