MARKETWEEK:  An end to the new tasting menu for 2023

// Warren Head The short but jam-packed season of New Zealand half yearly results has ended, summer has started poorly and property values and consumer spending have retrenched. The results board...

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...

The Latest

NZ Market Report 7.12.22

  A very subdued market prevailed on NZX today, eventually trimming 20.61 points off the NZXZ50 index at 11.160.99. Overnight, the Dow fell 1.03% or 3500.76 points to 33,596.34. There were few stocks in double-digit gains. Meridian Energy managed a 10c rise to...

NZ Automotive appoint new CEO

7.12.22 New Zealand Automotive Investments (NZX:NZA) has appointed Paul Millward as Chief Executive Officer. Mr Millward will join NZAI from DB Breweries Ltd (Heineken NZ) where he has enjoyed a 12-year ‘stellar’ career, most recently as Sales Director NZ since 2017....

Proceedings filed against Skycity Adelaide

7.12.22 SkyCity Entertainment Group was informed by the Australian Transaction Reports and Analysis Centre (AUSTRAC) that it intended to file civil penalty proceedings in the Federal Court of Australia today against SkyCity Adelaide Pty Ltd. SkyCity Adelaide is the...

Booster lifts fund value

7.12.22 Booster Innovation Fund has advised NZX of potential for a material valuation adjustment. Booster has been informed by one of the businesses in the Booster Innovation Fund’s investment portfolio, that a lead investor has agreed to sell a portion of its shares...

NZ dollar flattens out

7.12.22 Markets have been uneventful overnight with little newsflow, notes BNZ Markets this morning US equities are on track for a fourth consecutive daily fall, after their recent strong recovery. US Treasury yields are flat to slightly lower after yesterday’s...

Gold mines down, coal mines up

6.12.22 Following the Reserve Bank’s widely anticipated decision to raise interest rates by 25 basis points, the Australian sharemarket finished the session in negative territory, after the ASX 200 fell 0.5 per cent or 34.3 points, to 7291.3. Seven (of 11) sectors...

NZ Market Report 6.12.22

  Sharemarkets softened today after US investors rekindled fears of further interest rate hikes given better-than-expected ISM services market jobs data overnight. The Dow Jones droped482.78 or -1.40% to 33,947.10. In New Zealand, the market lacked direction and...

TradeWindow deal with meat exporter

6.12.22 TradeWindow (NZX: TWL), has entered an agreement to provide digital trade solutions to Alliance Group, New Zealand’s second largest meat producer (by revenues). TradeWindow CEO AJ Smith welcomed the agreement with Alliance which reported revenues of over...

Hot running building sector

6.1.22 New Zealand’s building sector is continuing to run hot, with construction activity running at its highest level in decades, reports Westpac “That strength has been widespread across regions, with building levels particularly strong in Auckland and Wellington,”...

Goodwood completes WasteCo deal

Goodwood Capital Ltd (NZX: GWC) has completed the acquisition of WasteCo Holdings NZ Ltd and issued all shares authorised by shareholders for allotment following the special meeting of shareholders yesterday morning. The changes to the board recorded in the notice of...

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