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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Kiwi dolar trades higher

9.8.22 9.It has been a slow start to the week with little newsflow; the market has reversed some of Friday night’s post US payrolls reaction, seeing a broadly weaker US dollar and lower Treasury yields, comments BNZ Markets. “Overnight, the NZD and AUD have...

Small gain for ASX

8.8.22 The Aussie sharemarket managed to bounce back from this morning’s losses, with the ASX 200 lifting by 5 points or 0.07 per cent, to 7020.6, noted CommSec. Four sectors and 71 stocks finished higher, said DivalkNigam. The Mining sector climbed 1.8 per cent and...

Market report 8.8.22

There was a good range of share price moves on NZX today with the NZX50 ultimately finishing down 25.66 points at 11,702.81, due to several large declines by heavyweight stocks. EBOS peeled off 30c at $38.80, Mainfreight 26c at $78.24, Ryman Healthcare 28c at $9.26...

MOVE Logistics confirms new NZ-Tasmania ship

8.8.22 Transport and logistics group, MOVE Logistics Group has confirmed a step forward in its new Oceans business, with its first trans-Tasman sailing scheduled for the fourth quarter of 2022   MOVE has entered an agreement to acquire a vessel, the Atlas...

Higher US bond yields lift US dollar

A very US strong nonfarm payrolls – across jobs growth, unemployment, and wages – triggered a big move higher in US bond yields on Friday night, notes BNZ Markets. The US 10-year rate blasted 14bps higher, to 2.83%, as the market moved to price an almost 80% chance of...

Mining sector shines for ASX

5.8.22 The Aussie sharemarket finished near session highs and rose for the first time in three days, with the ASX 200 up 40.7pts or 0.58 per cent, to 7015.6. The mining sector did much of the heavy lifting today after it rose by 1.9 per cent – the strongest rally it’s...

Market report 5.8.22

5.8.22 A puff of reality flitted across the national sharemarket today as investors began to come to terms with the fact markets take a breather from time to time. Shame was that this truncated the pattern of consecutive gains of recent days. The NZX50 slipped 7...

Retail centre business lists on USX

5.8.22 Shopping Centre Investments, Ltd (SCIL), which owns the Hub Hornby shopping centre on the outskirts of Christchurch, listed its shares on the Unlisted Securities Exchange (USX) this week. Shopping Centre Investments chairman Michael Keyse said the listing is...

Message of resilience at AFT Pharma AGM

5.8.22 AFT Pharmaceutical’s chairman David Flacks told today’s annual meeting at Milford Cruising Club in Auckland that the last financial year has not been easy, but the business has shown its resilience and ability to continue to grow in the face of adversity. “At...

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