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TradeWindow secures Lactalis agreement

TradeWindow Holdings  has signed a 12-month agreement with Lactalis to provide its Prodoc export documentation software across both Lactalis' Australian and New Zealand export operations. Lactalis, one of the world’s largest dairy groups, acquired Fonterra's global consumer and associated businesses, Mainland Group, in March 2026. The business exports dairy products to markets around the world, and its operations involve high volumes of complex export documentation and regulatory compliance....

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Postive start to FY27 by Skellerup

21.10.26 A promising start to the Fy27 year was the highlight for shareholders attending today’s annual meeting of Skellerup Group. Chair John Strowger provided initial guidance for Skellerup’s FY27 year. Strowger.“FY27 has started well, with Q1 net profit after tax (NPAT) up 15% on the prior comparative period. Demand across most applications our products are used in remains strong, particularly for our Industrial Division. “Whilst we are pleased with this start, we are cautious that...

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Gentrack wins Aussie contract

An Australian utility Momentum Energy has contracted with NZX-listed Gentrack Group to support its over 200,000 residential and business meter points across Australia “This transformation represents a significant investment in the future of our business,” said Danny Moore, Interim CEO of Momentum Energy. “We selected Gentrack because of its deep understanding of the energy market together with a proven implementation approach and success track record, strong AI focus, and a close integration...

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Headliner NZX Market Report 19.10.26

    The NZ sharemarket made an unsurprising sluggish start to the trading week after Wall Street juggled increased uncertainty over the weekend. US equities ended last week on a soft note, with the S&P falling 1.1% on Friday as renewed concerns over the sustainability of AI-related investment weighed on technology stocks, notes BNZ Markets. “The Nasdaq underperformed, while chipmakers extended their decline to an eighth consecutive session as investors questioned prospective...

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Progress in US by Pacific Edge

19.10.26 Cancer diagnostics company Pacific Edge has reported increased momentum towards its US commercial recovery The company’s 2Q27 Investor Update provides several updates including Proposed Medicare price increases of approximately 35% for Cxbladder Monitor and 39% for Cxbladder Triage, lifting the 2027 prices from the current US$760 to US$1,026 and US$1,058 respectively, subject to CMS finalization on 1 January 2027 Cxbladder gained in-network coverage at Blue Cross plans in North and...

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Headliner 15 October on site

The issue of 15 October 2026 is now posted to this site. Subscribers may open the issue off the Home Page, with their password. If you have lost your password - or wish to subscribe - please contact us on  subscriptions@mgpublications,.co,.nz Or Toll Free 0800 649 696

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Good start by Fletcher Building

14.10.26 Fletcher Building’s core businesses delivered a solid start to FY27, with Q1 FY27 sales volumes ahead of the prior corresponding period in most business units. Coming out of Q4 FY26, the Q1 volumes largely followed normal seasonal patterns. The exception was pipelines, where volumes were lower as customers worked through stock purchased ahead of Q4 FY26 price increases. Residential & Development remained challenging, consistent with broader market conditions particularly in the...

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Positive FY27 guidance by PGG Wrightson

13.10.26   Noting favourable market conditions that have put New Zealand agriculture in the strongest position in years, the Canterbury-based rural service group PGG Wrightson, expects rising profitability in FY27. The company’s chair, John Nichol, has provided market guidance for the June 2027 financial year. “While much of PGW’s key trading period remains ahead, first-quarter performance has been encouraging, particularly in Retail & Water. Earnings from Livestock, PGW’s...

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2nd quarter bounce by Ryman

10.10.26 Ryman Healthcare shares rose 7% on NZX today after the retirement village operator popped out a positive market quarterly update on sales and resales volumes. The company’s shares rose 12c to $1.83 in reaction. Ryman reports 379 sales of retirement living occupation right agreements (ORAs) for the quarter ended 30 September 2026 (Q2 FY27), including 312 resales and 67 new sales. Resales volumes reach eight-quarter high Resales volumes increased 14% on the same period last year, making...

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2 Cheap Cars to delist from NZX

12.10.26 Sena & Co has given a compulsory acquisition notice and commenced the process under the Takeovers Code to compulsorily acquire all the remaining shares that were not accepted under the offer launched on 27.7.26. Sena & Co made a full takeover offer to acquire all ordinary shares in 2 Cheap Cars Groupthat it did not already own for $0.80 per share, which it increased on 16,9.26 to $0.90 per ordinary share. The offer closed at 11:59pm on 9.10.26. Sena & Co has received...

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South Island rents making leap

6.10.26 Latest data from realestate.co.nz shows the national average weekly rent reached $636 in September, up just 1.9% compared with the same month last year. But across much of the South Island, rental price growth was considerably stronger. Five South Island regions saw year-on-year growth well above the national average increase. Vanessa Williams, GM of Customer at realestate.co.nz, says while the national picture is relatively stable, the balance between rental supply and demand is...

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Tower updates FY26 guidance

6.10.26 Kiwi insurer Tower (NZX/ASX: TWR) has revised its FY26 underlying net profit after tax (underlying NPAT) guidance for the year to 30,9.26 Based on preliminary, unaudited results, Tower now expects FY26 full-year underlying NPAT to be between $69m and $79m, compared with its previous guidance range of $55m to $65m. The uplift reflects Tower’s large event allowance of $45m not being fully utilised during the year. The expected FY26 result reflects a return to a more typical earnings...

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Seeka to invest in new produce hub

5.10.26 Seeka Ltd, an export horticulture company, is to invest ~$15.5 million into the Gisborne region, following an approval to progress a tenancy agreement with Gisborne District Council. The investment will include the development of a packhouse and coolstore facility adjacent to existing Gisborne operations to support local growers, create jobs and provide additional produce handling and storage capacity for the region. The new facility will create a regional produce hub serving Gisborne...

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NZ King Salmon minorities to join up

New Zealand King Salmon Investments advised NZX today that that existing NZK shareholders China Resources Asset Management Ltd, Oregon Group Ltd and the trustees of the Porus Holdings Trust have entered into an agreement. The thrust of the change is that Oregon will end up in control of a total of 50.68% of the voting rights in NZK. Oregon has advised NZK that the purpose of it entering into the Voting Deed is to provide with certainty that it can consolidate NZK for accounting purposes. CR...

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Two parties doing D.D. on THL

29.9.26   Tourism Holdings provided an update to NZX this morning on the due diligence processes underway in respect of non-binding indicative offers received from the consortium of BGH Capital and the Trouchet family interests (the BGH Consortium), and a second party that thl now advises is Indie Campers. thl said the processes with the BGH Consortium and Indie Campers have been progressing constructively and in good faith. “The board has been discussing an appropriate timetable with...

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Strong result by Hallenstein Glasson

29.9.26 Exposure to the Australian market has again benefitted trans-Tasman apparel retailer Hallenstein Glasson, including in FY26 a net benefit from foreign exchange. Group sales for the 12 months to 1.8.26 were $563.0 million, an increase of 19.6% on the prior year ($470.7m). The result has benefitted from a stronger Australian Dollar and on a constant currency basis, sales were up +15.6% on the prior year. Gross margin at 61.7% was +240 basis points above the 59.3% realised in the prior...

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Synlait makes second half rebound

28.9./26 Synlait Milk’s financial results for the 12 months ended 31 July 2026 (FY26) reflected a difficult first half, followed by a second half in which a return to operational stability flowed through to improved financial performance. Overall, the FY26 results are being blamed on the company’s poor first-half performance. Reported EBITDA of $8.1 million, with underlying EBITDA of $46.3 million. A reported net loss after tax of ($75.4 million), with an underlying net loss after tax of...

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Fonterra FY26 result hits top bar

24.9.26  New Zealand’s biggest exporter dairy Fonterra Co-operative Group Ltd has delivered $27 billion in revenue in its 2026 financial results and nearly $20 billion in cash returns to New Zealand farmer owners and unit holders. Reported operating profit was $3.4 billion, up from $1.7 billion last year, including the Mainland divestment benefit of $1.2 billion. Reported profit after tax was $2.6 billion. Fonterra chairman Peter McBride says the Co-operative has continued building momentum...

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Writedown by KMD Brands

23.9.26 KMD Brands stunned its investors today with a major writedown that depressed the reported net results for the July year into the fed. Group sales were up +6.5% to $1,053.0 million.  Gross margin increased +1.2% of sales to 57.7%. Underlying operating expenses rose +4.4% to $565.2 million. Underlying EBITDA $42.0 million, was up +137.7% year-on-year (“YOY”) However a statutory NPAT loss -$414.4 million is inclusive of a $394m post tax impairment expense. Underlying NPAT loss was  -$9.0...

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Rua Bioscience making rights issue

221.9.26 Rua Bioscience has announced an offer to existing shareholders to participate in a renounceable rights issue of 1 new share for every 3 existing shares to raise up to $2.8m. FY26 marked an important period of meaningful commercial progress for Rua. “Our export-led strategy is delivering tangible results, with revenue increasing to $2.9 million, compared with $1.9 million in FY25, alongside continued expansion across our key international markets. “We have strengthened our position in...

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Fonterra revises milk price forecast

21.9..26 Fonterra Co-operative Group has revised its forecast Farmgate Milk Price midpoint for the 2026/27 season and narrowed its forecast range This move is reflecting “recent improvements in global dairy commodity prices while retaining a prudent approach to the season ahead,” says CEO Richard Allen. The new forecast midpoint has lifted from $9.25 per kgMS to $9.50 per kgMS, with the forecast range lifted and narrowed from $8.00 - $10.50 per kgMS to $8.50 - $10.50 per kgMS. Allen says the...

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NZ GDP shows economy held ground

17.9.26 The June quarter 0.2% rise in New Zealand’s GDP was in line with forecast, says Westpac senior economist Michael Gordon. He said growth tends to be understated in June quarters, suggesting an underlying growth pace of around 0.5% over recent quarters. Goods exports surged by 4.9% for the quarter. This likely reflects the timing of shipments, with much of this being met by a rundown of inventories, though there was also a solid lift in dairy production volumes. “The New Zealand economy...

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Clutha scheme storage increases

17.9.26 Contact Energy’s latest report on the energy position shows South Island controlled storage was 166% of mean and North Island controlled storage was 84% of mean as at September 13. Clutha scheme storage was 138% of mean.  Inflows into Contact’s Clutha catchment for August 2026 were 164% of mean (July 2026: 132%, June 2026: 171%, May 2026: 89%). The wholesale business recorded: Contracted wholesale electricity sales, including that sold to the Customer business, totalled 1,087GWh...

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NZ King Salmon upgrades guidance

17.9.26 New Zealand King Salmon Investments has upgraded their earnings guidance for FY26. Pro‑forma EBITDA is now expected to be in the range of $36 million to $39 million (pro‑forma EBIT $27 million to $30 million), compared with the previous guidance range of pro‑forma EBITDA of $30 million to $34 million (pro‑forma EBIT ranging from $21 million to a $25 million). The expected FY26 harvest whole gilled and gutted (G&G) volume range remains at 5,950MT to 6,050MT. CEO Carl Carrington said...

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Scott Technology launches new palletiser

17.9.26 Scott Technology has expanded its Materials Handling & Logistics (MHL) automation portfolio with the launch of NexPAL 200HL end-of-line palletiser. The new palletiser was developed in response to customer demand, particularly across Europe and the US East Coast, for greater production capacity within increasingly constrained manufacturing footprints. The NexPAL 200HL palletises 35+ cases per minute across a broad range of applications while occupying a footprint 25% smaller than...

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Briscoe hold top line but NPAT eases

16.9.26   Against the backdrop of a cautious consumer market, Briscoe Group has again delivered record first-half sales but a 5.9% drop in net profit after tax to $27.6 million for the half-year ended 26 July 2026. Dame Rosanne Meo, Briscoe Group chair, said, “This is an encouraging first-half result in an environment where households remain cautious. “The positive sales growth and the reduced decline in gross profit percentage show the business is responding well while we continue to...

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Seeka bumps up guidance

16.9.26 Produce exporter Seeka Ltd has increased its full year earnings guidance to profit before tax of between $41.0 million and $45.0 million, compared with previous guidance of between $39.0 million and $43.0 million. The company has traded strongly through the third quarter. The uplift reflects the continuing focus on operating margins, the incorporation of the New Zealand kiwifruit returns from Zespri, and Seeka’s growing produce business and in particular citrus

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 ASB CEO Vittoria Shortt to step down

15.9.26 ASB has announced Vittoria Shortt is stepping down as CEO and Managing Director after almost nine years. She will finish up with ASB on 11 December this year. Sinead Taylor has been appointed as Vittoria’s successor. Taylor is currently Group Executive Institutional Banking and Markets at Commonwealth Bank of Australia and brings extensive banking, operational and commercial experience to the role. ASB Chair Dame Therese Walsh paid tribute to Vittoria for the significant impact she has...

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Aussie investor joins KMD Brands register

8.9.26 The Christchurch based surf and casual wear retailer KMD Brands has a new shareholder with a toe in the young female clothing market. Josh Rudd, the founder of surf and streetwear brand Ghanda Clothing, has emerged as a minority shareholder holding 6.18% in KMD Brands. His holdings is shared across Josh Property and New Gravel Pty Ltd, that combined have bought 4.45 million shares in KMD Brands. The news sent KMD shares rising +9.5% on NZX today, a gain of 16.5c to $1.91 a share. The...

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Port of Tauranga wins fast-track approval

7.9.26 Port of Tauranga’s Stella Passage development has been approved under the Fast-track Approvals Act 2024, subject to conditions. Port of Tauranga Chief Financial Officer, Simon Kebbell, said the approval was very welcome news. “The Stella Passage development is vital strategic infrastructure to support future freight growth for New Zealand. It will improve the resilience and efficiency of the international supply chain and lower costs for importers and exporters,” he said. “The...

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