Short-term inventory dynamics overhang for F&P

28.11.22 Medical equipment developer and exporter Fisher & Paykel Healthcare Corporation has exceeded guidance in its results for the first half of FY23. For the six months ended 30 September...

Big tick for Turners Auto

23.11.22 Turners Automotive Group (NZX/ASX: TRA) delivered strong earnings in the six months to September 30 2022 (HY23) successfully navigating Omicron disruption and tightening economic...

MARKETWEEK:   Jumble of updates shift focus to 2023

  Warren Head // Sports enthusiasts (most Kiwis) will be awake to the new reality that the winners these days are those who move the fastest out of a danger zone and get going on attack. It is...

Wall Street shows some muscle power

12.11.22 // WARREN HEAD After a rather chaotic few weeks for global equity market, there was a scramble back into equities late this week. US investors turned a rather minor move lower in the rate...

 Indicative offer for Origin Energy

Consortium puts up $18bn scheme 10.11.22 Origin Energy (ORG) shares rose 34.8% today after the ASX listed business received an indicative, conditional and nonbinding proposal from Brookfield Asset...

MARKETWEEK A season for tracking trends

FoodChain deal lifts TradeWindow MARKETWEEK: // Warren Head Newsflow is starting to swivel to increased attention on monetary policy, which is a topic at arms-length from share investing but does...

MARKETWEEK: 29.10.22 October has been positive for equities

Wall Street has its best month since 1976 MARKETWEEK 29.10.22   Warren Head   October shaped up as one of the better months of the year for equity investors, as share prices and profit...

Fletcher Building reaffirm FY23 target

Fletcher CEO Ross Taylor '26.10.22 Fletcher Building shareholders were informed at today’s annual meeting that the group is reconfirming an FY23 EBIT target of $855 million or better. The address...

MARKETWEEK: Sluggish flows as investors dither

   23.10.22 Updated. International events that are ruffling exchange rates have been an influence on the attraction of New Zealand as a destination for tourist and capital flows – including the...

CPI inflation shock in September quarter

18.10.22 Consumer prices rose 2.2% in the September quarter and are up 7.2% over the past year. “The result was above our forecast, and well above the RBNZ’s expectations,” says Westpac senior...

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ASX loses ground

2.12.22 The Australian sharemarket wrapped the final session of the week around session lows, snapping three straight days of gains in the process, with the ASX 200 falling 0.7 per cent or 52.9 points to 7,301.5. Energy and Financials were some of the worst performing...

NZ Market Report 2.12.22

  The national sharemarket finished the week on a soft note, easing off by 12.71 points to 11,641.85 on the NZX50 index. Aussie banks led the retreat, the AANZ shares off 54c at $26.36 and Westpac down 51c to $25.22. F&P Healthcare shed 27c to $24.05.  Vulcan...

Synlait well placed in changing IMF scene

2.11.22 The key message from Synlait Millk’s AGM held Friday at Christchurch’s new convention centre was that the business is well positioned as the Chinese infant formula market changes shape Chairman John Penno noted the active engagement with the top eight infant...

Blackpearl joins the bourse

2.12.11 A new listing on the NZX on Friday 2.12.22, Blackpearl Group increased the size of the technology sector of the market. The company builds, acquires, and markets data-driven cloud services, consisting of a suite of productivity and demand generation...

Greenback drops, Kiwi rises

2.12.22 The USD remains under pressure, falling further after Fed Chair Jerome Powell’s speech yesterday and some softer overnight data helping sustain the move, notes BNZ Markets. “The NZD traded as high as 0.64 overnight, continuing its outperforming run while...

ASX at 7-month high

The Australian share market closed higher, reaching 7 month highs in the process, buoyed by positive sentiment from Wall St overnight, comments CommSec. This is off the back of comments by the Chairman of the Federal Reserve signalling a slowing down in the pace of...

NZ Market Report 1.12.22

Against the backdrop of a sharp rally on Wall Street, the NZ market closed 102 points higher this evening at 11,654.52 on the NZX50. During the trading day in the US, Federal reserve chairman Jerome Powell said in an address that the fight for inflation isn’t over but...

Restaurant Brands executive moves

1.12.22 Restaurant Brands New Zealand’s CEO for the New Zealand Business, Arif Khan, will take on the position of Global Chief Operating Officer (COO), effective today. After Russel Creedy retires, he will be appointed Acting Group CEO. In addition CPA Julio Valdés...

Changeover coming at Downer

Peter Tompkins (currently Downer Group’s Chief Operating Officer) will be appointed Chief Executive Officer and managing director following the retirement of Grant Fenn in February 2023. Downer’s chairman, Mark Chellew, thanked Grant Fenn for his significant...

Focus falls on China

1.12.22 Optimism around an eventual shift away from the zero-Covid policy in China continues to gather momentum, says BNZ Markets. Bloomberg is reporting the health authorities are planning a fourth vaccine shot and state media appear to have subtlety shifted their...

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