Mainfreight has super year

26.5.22 The international freight forwarder and logistics group Mainfreight has notched up another record result and a ‘more than satisfactory’ improvement on the prior year. Revenue in the FY22...

F&P Healthcare has strong year

25.5.22 Fisher & Paykel Healthcare Corporation’s results for the full year ended 31 March 2022 show another strong performance, although lower than the exceptional Covid-driven sales and...

Record result for Turners Automotive

24.5.22 9.00am Turners Automotive Group (NZX: TRA) has reported record earnings for the financial year to March 31, 2022 (FY22), with net profit up 16%. This is despite a COVID-19 disrupted year...

New government in Australia

22.5.22 The Australian Labour Party, and PM-elect Anthony Albanese, have won the Australian Federal Election but may not be a  majority government. How will the ASX react to the change of...

MARKETWEEK: Market refocuses on the back-yard.

  Some essential equipment for current circumstances 21.5.22 Warren Head Reason prevailed over over-reaction this past week as the New Zealand sharemarket refocussed onto home market events and...

Record FY22 for Ryman Healthcare

Ryman retirement village at Devonport 20.5.22 Ryman Healthcare has reported a record full year audited underlying profit of $255.0m, helped by a resilient performance through COVID and a strong...

Infratil produces record result

Sun Streams 2 solar project in Arizona   19.5.22 Infratil Ltd has announced a record net parent surplus of $1.17 billion for the year ended 31 March 2022 - the largest annual profit since...

Investore has strong year in large format

Large format retail has boosted Investore's valuation 18.5.22 The market for large format retail properties has remained strong during the last year and this has benefited Investore in the year...

What’s the ‘right amount’ of tightening?

17.5.22 Economic growth is set to slow both in New Zealand and around the world, as central banks come to terms with what’s needed to bring inflation under control, says Westpac in its quarterly...

ON THE DEATH OF BRIAN GAYNOR

  It is with profound sadness and a feeling of deep loss that The Headliner records the death earlier of the great stockmarket analyst Brian Gaynor after a short illness.   He was a great...

The Latest

Mainfreight has super year

26.5.22 The international freight forwarder and logistics group Mainfreight has notched up another record result and a ‘more than satisfactory’ improvement on the prior year. Revenue in the FY22 year has bounced 47.2% or $1.67 billion to $5.22 billion. Profit before...

Surprise for markets from Reserve Bank

The RBNZ sprung a hawkish surprise at the MPS yesterday, significantly revising up its forecast OCR track to show a peak of just under 4%, notes BNZ Markets. NZ rates moved sharply higher as a result, with the market moving to broadly align itself with the RBNZ’s new...

Aussie banks hold ASX higher

25.5.22 Despite a mixed lead from Wall Street overnight, the Australian sharemarket finished 0.4 per cent or 26 pts higher, to 7155.2. Banks were noteworthy winners and were supported by a lift in US treasury yields and a hike in the New Zealand interest rate. Notes...

Market report 25.5.22

The tone on NZX reversed today following the decision by the Reserve Banks monetary policy committee to lift the official cash rate 50bps to 2%. Though widely expected by economists as the only direction the OCR could take with inflation on the rise, the market read...

Reserve Bank tops up cash rate

The Monetary Policy Committee today did exactly what the market had expected and increased the Official Cash Rate (OCR) to 2.0%. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support...

F&P Healthcare has strong year

25.5.22 Fisher & Paykel Healthcare Corporation’s results for the full year ended 31 March 2022 show another strong performance, although lower than the exceptional Covid-driven sales and earnings spike of 2021. Managing director and CEO Lewis Gradon said, “Over...

Reversal in risk sentiment

After a positive start to the week, risk sentiment is weaker again on the back of concerns about the earnings and growth outlook, says BNZ Markets this morning. This sees weaker global equities and global rates lower, says Jason Wong, senior market strategist....

Selling presssure on ASX

24.5.22 Despite reaching a high of 7165 (0.2%), the market succumbed to selling pressures and finished 0.3% or 20 points lower, to 7129. The local Info Tech sector weighed on the index after it posted its first loss in three days. But the Financials sector managed to...

Market report 24.5.22

24.5.22 The NZ reversed direction today, and down went many of the shares that held the market up on Monday. Mainfreight shed $1.15 at $75.81, Summerset fell 20c at $10.67 and Delegat dropped 40c to $12. Freightways peeled off 36c at $10.50. Energy stocks reversed,...

Bigger interim loss for Gentrack

24.5.22 Gentrack Group, which provides software solutions for utilities and airports, has reported an increased loss in the half-year to 31 March 2022. The first half of the financial year has seen Gentrack make excellent progress in two key areas. Revenue has grown...

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