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MARKETWEEK :     Earnings results rolling off the pandemic peak

Warren Head //.27.5.23   // The market overall is beginning to adjust to some critical changes showing up in recent annual results by NZX companies: earnings are normalising (back to the...
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Lower post-pandemic result for F&P Healthcare

26.5.23 After three years of pandemic induced demand for hospital related product is evident in Fisher & Paykel Healthcare Corporation’s results for the full March year. The New Zealand...
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Cracking Mainfreight result tapers in 2nd half

25.5.23 Market heavyweight Mainfreight has reported a ‘satisfactory’ result for the March year, with revenue up $457 million or 8.8% to $5.68 billion, and increased dividend. The result was driven...
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MARKETWEEK:   Annual results brighten flat stock market

Ryman Healthcare produced a new strategy this week   //      Warren Head // 20.5.23    Budget week coincided with a period of relative torpor on the New Zealand sharemarket as investors...
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Targeted approach under pressure of events

18.5.23 Finance Minister Grant Robertson’s sixth budget - Budget 2023, released on Thursday afternoon – has a lot of parts it believes will keep the country moving ahead rather than slipping into...
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Cyclone impacts mean likely loss for T&G

18.5.23 Following a comprehensive assessment of the impact of February’s Cyclone Gabrielle, the horticulture export group T&G Global Ltd has advised that they now forecast a loss before income...
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MARKETWEEK:     Market volatility has bottomed out

'Red Sheds' the epitome of 'no frills'     //   13.5.23                            WARREN HEAD   ///// We’re tempted to describe the national equities market as looking ‘balanced’...
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MARKETWEEK:  Start date for FTA a ‘crowning moment’

6.5.23   // Warren Head         // American markets went for another spin on the roller-coaster this week but after a spell of blinking into the headlights the Kiwi equity market righted itself into...
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US inflation still ‘well above’ Fed’s goal

                        "Future policy actions will depend on how events unfold"                                              -.US Federal Reserve chair Jerome Powell...
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MARKETWEEK:      Mellow autumn tone to the bourse

29.4.23 //  Warren Head Late autumn has brought a more mellow tone to the domestic market that some would say is the lull before the dullness of a light recession.  That is still a low cloud on the...
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NZ Market Report 2.6.23

Jun 2, 2023 | ,

The national sharemarket finished the week prior to the KB Weekend down 35.23 points to 11,880.90 after a tug-o-war between several leading NZX10 issues falling back and the energy sector moving higher. Overnight, the Dow Jones moved 153 points upwards to 33,061 as...

Cannasouth closes offer

Jun 2, 2023 |

30.5.23 Cannasouth has closed its offer to Cannasouth shareholders and to shareholders of Eqalis Group New Zealand. The offers closed on 24 May 2023 with approximately 24,751,456 new shares (together with 12,375,624 options) being taken up by eligible investors,...

Synlait refocussing, plans divestments

Jun 2, 2023 | ,

2.6.23 Synlait Milk says it needs to re-focus on its best opportunities and as s result intends to divest its Dairyworks and Talbot Forest Cheese businesses. Synlait's board and management are undertaking a strategy and capital structure refresh, including an asset...

Taranaki well full repaired

Jun 2, 2023 |

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has advised that MN1 oil production well in the Maari/Manaia field, located offshore New Zealand, has successfully been repaired. The well is now operational again, with the latest test data...

Second half a hard push for Michael Hill

Jun 1, 2023 | ,

  1.6.23 Michael Hill lodged a trading update to the market stating that trade has been more challenging for the jewellery industry in the second half, particularly in Australia and New Zealand. New Zealand has also been impacted by significant weather events and...

NZ Market Report 1.6.23

Jun 1, 2023 | ,

  The NZ sharemarket improved sharply today, eventually closing 103.12 points higher at 11,916.13 on the NZX50. This was despite some falls by market leaders, ANZ Bank shedding 36c at $24.70 and EBOS down 23c to $41.85. Gentrack surrendered 22c of recent gains...

Fresh lows for NZ dollar and AUD

Jun 1, 2023 | , ,

1.6.23 The global bond market has been well supported after a run of weaker economic data while global equity markets are weaker, says BNZ Markets. “CNY, NZD and AUD all hit fresh lows for the year and commodity prices are weaker after softer than expected China PMI...

NZ Market Report 31.5.23

May 31, 2023 | ,

On a relatively quieter news flow day, the NZ sharemarket slipped a further 65.70 points at 11,813.01. Falls were headed by a 107c drop by F&P Healthcare shares to $23.25 as the market seeks to find a platform to accommodate the normalisation of post-pandemic peak...

Trim milk price from Synlait

May 31, 2023 |

31.5.23 Synlait Milk has reduced its forecast base milk price for the 2022/2023 season to $8.20/kgMS from $8.30/kgMS. The reduction was driven by weaker than expected commodity prices nearing the end of the season, along with the continued high cost of lactose...

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The ASX 200 has lifted for the second straight session, rising by 34 pts or 0.5% to 7145. This follows a strong night in the US, and the US Senate agreeing to pass the bill today.
Market Close 2 Jun 23: ASX lifts for 2nd straight day

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