MARKETWEEK:  Spare some gold medals for resilience

Listed companies are doing some heavy lifting WARREN HEAD //  6.8.22 There was a gold and silver gleam to the week for both New Zealand national pride at the Commonwealth Games in Birmingham and, if...

Briscoe Group lift quarterly sales

4.8.22 Briscoe Group has announced unaudited sales for the thirteen-week second trading quarter ended 31 July 2022 (91 days) were $191.7 million, being 3.49% higher than the $185.3 million achieved...

MARKETWEEK:    ………………… Equity markets spring out of the blocks

// Warren Head Another week and a new lesson for new equity investors – what appears to be bad news for some can be good news for a great many others. Higher interest rates are screwing down demand...

Excellent early start by Mainfreight

28.7.22 Mainfreight has had a strong start to the current year, as indicated by details provided at today’s annual meeting. Managing director and CEO Don Braid noted supply chain pressures continue...

Restaurant Brands update drops shares

27.7. 22 COVID-19 continues to affect Restaurant Brands’ business operations the company said in an updated profit guidance today. High case numbers resulting in staffing issues for the business as...

MARKETWEEK: Some metals alchemy from Vulcan Steel

23.7.22 // Warren Head  // The equity market’s recent shift downwards in capitalisation has made it easier for corporate growth to be achieved by way of acquisition and partial integrations – as...

Infratil in huge Vodafone tower sell-off

18.7.22 Vodafone New Zealand together with shareholders Infratil and Brookfield Asset Management Inc. opened the market week with news of the sale of Vodafone NZ’s passive mobile tower assets for...

Spark $900m spin-off deal of TowerCo

13.7.22 Spark New Zealand has sold a 70% stake in its TowerCo business for $900m to the Ontario Teachers’ Pension Plan Board. Spark’s TowerCo business is a New Zealand towers business with...

MARKETWEEK:  Investors breathe out as economy’s fast run cools

9.7.22 // WARREN HEAD // In a rather momentous week loaded with reversals galore and plenty of awfully dire predictions, there is a thin ray of mid-winter sunshine in rising equity markets. On the...

MARKETWEEK: A gritty week considering all the gloom

  Warren Head Half a year gone and what a dramatic period it has been for all economies and utterly tumultuous for markets. In brief: The supply chain pressures have become entrenched at...

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Market Report 12..22

The NZ sharemarket closed off the week with a 29.49 points fall to 11,730.52.  Overnight, the Dow Jones had reflected investors’ confidence after some strength in recent weeks.  The Dow added 27.16 points at 22,336.67 – but the session had been 266 points higher in...

ASX broadly higher

The Aussie sharemarket briefly hit fresh 2-month highs earlier in the session, with the ASX 200 finishing 78.3 points or 1.12 per cent higher to 707, records CommSec. Ten of 11 sectors finished higher, with the Materials (up 1.5 per cent) and Financials (up 1 per...

Market Report 11.8.22

It may be a mystery for some investors as to why a 535 point advance on the Dow Jones last night (to 33,309.51, +1.63%) is followed by a feeble 7.92 points rise in  the NZX50 today at 11,760.01. The answer is that the causes of the American stockmarket leap are purely...

House prices in descent

The latest REINZ report revealed a further cooling in the housing market. House sales (July month): 4,822* Monthly % change: -3.1% (Prev month -11.2%) Annual % change: -36.7% (Prev month -36.1% House Price index* Monthly % change: -1.7% (Prev month -1.0%) Annual %...

Higher pay-out by Vital Healthcare

11.8.2 Vital Healthcare Property Trust has increased the distribution rate on its listed units as part of the  results for the June 2022 year. NorthWest Healthcare Properties Management Limited (NorthWest), the manager of Vital, confirmed 9.625 cents per unit (cpu)...

Rakon guidance for strong FY23

11.8.22 Rakon, which manufactures frequency control and timing solutions, expects Underlying EBITDA for the March 2022 year to range between $36 million and $44 million, it advised NZX this morning, ahead of its annual meeting today. Even at the bottom of this range,...

Market reacts to lower US CPI

For a change, US CPI inflation surprised to the downside and this triggered a significant market reaction, says BNZ Markets this morning. US short end rates are lower but the 10-year rate is back to flat on the day after an earlier fall, said Jason Wong, senior...

Weaker trading on ASX

10.8.22 The Aussie sharemarket remained in negative territory throughout the session, was down by as much as 0.6 per cent in early trade, before the ASX 200 finished 37.1 points or 0.53 per cent lower to 6992.7, notes CommSEc. Today’s loss erased gains recorded over...

Market report 10.8.22

The NZ sharemarket flat-lined today with a 1.39% drift to  11,752.09. In the US the Dow Jones Industrial Average edged 58.13 points down to 32,774.41. A2 Milk received a mild rebuff from the US agency reviewing IMF applications from producers of infant milk formula,...

US defers IMF reviews

  The a2 Milk Company (advised that earlier today it received notification from the US Food and Drug Administration (FDA) that, at this time, the FDA is deferring further consideration of the company’s request for enforcement discretion to import infant milk...

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