The Latest
Seeka 1H26 profit rises despite headwinds
20.8.26 Seeka’s earnings increased in its opening half-year despite higher input costs and a seasonal reduction in fruit volumes grown and handled. Revenue $305.5m was down 1% on pcp, EBITDA of $86.3m up 3% on pcp, NPBT at $62.6m up 5% on pcp, Net profit after tax of...
Headliner NZX Market report 20.8.26
On a day of top tier results, the NZX market lost ground as uncertainty about the impact of a year of hard slog for the corporate sector became increasingly evident. The nZX50 drifted backwards by only 9.85 points at 13,919.82 – but the elusive 14,000 mark...
Record year for Skellerup
20.8.27 Revenue growth in international markets delivered an outstanding year for Skellerup, with reported revenue up 10% to $390.1m. This generated record normalised net profit after tax (NPAT) of $64.2 million, an 18% increase over the prior year. Earnings before...
Auckland Airport holds level flight path in FY26
20.8.26 Auckland Airport has reported a steady performance amid global headwinds for the year to 30 June 2026. Revenue was up 3% to $1,036 million. Excluding interest income, revenue was up 5% to $1,026 million. Operating EBITDAFI rose 3% to $724 million. Net...
Headliner NZX Market Report 19.8.26
A rebound result by Fletcher Building helped to send the NZX market higher by 65 points on the NZX50 today at 13,929.67. In Australia the ASX All Ords eased 19.00 at 9,255.20. US markets were unsettled by the recent rise in long term bond yields and the geopolitical...
Fletcher Building bounce back in FY26
19.8.26 Fletcher Building is significantly more resilient than it was twelve months ago, said managing director and CEO Andrew Reding, with FY26 net earnings improving by $625 million on last year’s net loss to a net result of $228 million. EBIT from continuing...
Target intact but risks short-term – Turners
19.8.26 Turners Automotive’s annual meeting presentation today included an update on trading since 31 March 2026 and on the group’s outlook for FY27. The Middle East conflict has persisted, slowing New Zealand’s economic recovery and denting consumer confidence....
New CEO appointed to NZX
The NZX [board has appointed Hishaam Mirza as NZX chief executive. He will begin the role on 14.9.26 and Graham Law will continue as acting Chief Executive until then. Mirza is a highly regarded financial services executive with a successful career in investments and...
Headliner NZX Market Report
The NZ sharemarket bounced back today and closed 144.20 points higher at 13,866.18, The best rise of the day came from a2 Milk which gained 78c to $8.54. There was continued speculation that a2 Milk and Fonterra would benefit from acquisition of Synlait Milk. ATM...
Mainfreight disappointed with FMA
18.8.26 Mainfreight Ltd advised NZX and its shareholders that it has been required to provide its statutory share register to Worthington Clark Pty Ltd, an Australian commercial asset-recovery business. Mainfreight opposed the request and referred it twice to the...
Market Trends
Headliner NZX Market report 20.8.26
On a day of top tier results, the NZX market lost ground as uncertainty about the impact of...
Headliner NZX Market Report 19.8.26
A rebound result by Fletcher Building helped to send the NZX market higher by 65 points on the...
Headliner NZX Market Report
The NZ sharemarket bounced back today and closed 144.20 points higher at 13,866.18, The best rise...
Headliner NZX Market Report 17.8.26
The NZ sharemarket was centre of attention today as two major companies disappointed with...
Headliner NZX Market Report 14.8.26
The New Zealand sharemarjet ended the week on a positive note, as political uncertainty...
Headliner NZX Market Report 12.8.26
With no apparent progress in the Middle East peace negotiations equity markets were subdued...
Overseas Sharemarkets
Headliner NZX Market Report 4.8.26
With US President Trump talking up the prospect of the Strait of Hormuz opening up as soon...
Headliner NZX Market report 30.7.26
Wall Street worries spilled over into other markets today, including New Zealand, creating...
Headliner NZX Market Report 28.7.26
Global markets are perplexed about whether the lull in the US-Iran military offensives is likely...
Housing sector flat but economy rising regardless
10.8.26 The New Zealand housing market remains in the doldrums. And there appears little respite...
CPI pushes up inflation rate
21.7.26 Consumer prices rose 1.5% in the June quarter, taking the annual inflation rate rise to...
Reserve Bank moves off ultra-low OCR
8.7.26 The Reserve Bank lifted the Official Cash Rate (OCR) 25bp to 2.50% today. The the decision...
Earlier resumption of upturn
6.7.26 It has been an uncertain time – and still is – but extremely high oil prices now look to be...
Beef and lamb prices driven by supply
27.6.26 Beef prices are rising again at the farmgate, after the briefest of seasonal lulls and...
Videos
Weekly economy and markets round-up from Westpac Chief Economist Kelly Eckhold
Markets
NYSE-Nasdaq Markets
