CDL Investments has steady half year
CDL Investments New Zealand released its unaudited results for the six months ended 30 June 2026 with reported profit for the period of $3.39 million (2025: $3.57 million). Recorded property sales, rental and other income eased to $12.55 million (2025: $13.81 million). Board chair Desleigh Jameson said the result was broadly in line with expectations and reflected the challenging property market conditions. “As indicated at our Annual Shareholders Meeting in May, CDI expected 2026 earnings to...
Headliner NZX Market Report 10.8.26
The New Zealand equities market had a strong opening to the new trading week – partly propelled by the regional response to further Wall Street records over the weekend. On Saturday NZ Time, the Dow Jones closed 151 points higher at 54,636, the S&P 500 up 47.68 to 7757 and the Nasdaq market jumped 342.21 to 26,690. In the perverse way the equity markets were responding to negative news, in this case a fall off in US jobs growth data that will lessen the likelihood of inter rate rises. The...
Bremworth shareholders coalesce in lock-up
Carpet manufacturer Bremworth told NZX that a substantial product holder notice has today been filed with NZX by David Ferrier, Henry Lawford Lonsdale Ferrier and Mangawhai Collective Ltd, acting in concert ("Mangawhai”). The notice advises that Mangawhai has entered into lock-up deeds with shareholders representing 32.241% of the ordinary shares in Bremworth, whereby those shareholders have, if Mangawhai chooses to make a partial takeover offer on the terms described in the lock-up deeds,...
Housing sector flat but economy rising regardless
10.8.26 The New Zealand housing market remains in the doldrums. And there appears little respite ahead, says BNZ Markets. BNZ head of strategy Stephen Toplis says this is due to a combination of: inflationary pressure on real disposable incomes; rising unemployment; supply increases; poor rental returns; General Election uncertainty; and the gradual removal of monetary stimulus. “That’s why we are forecasting next-to-no increase in prices over the remainder of this year. “There are many who...
Manawa deal helps lift Contact FY26
10.8.26 Contact Energy’s significant increase in net profit of $423m in FY26 – up 27.8% - and operating earnings (EBITDAF) of $1,011m was helped by the acquisition of Manawa Energy from 11 July 2025 contributing to the uplift in earnings. The improved operating result was driven by a significant lift in renewable output, up 2.9TWh including PPAs, with total output 98% renewable in FY26. This reflected the addition of the Manawa hydro assets and it’s contracted PPAs (wind and geothermal), which...
Contact teams up on datacentre prospect
10.8.26 Contact Energy has teamed up with the Infratil associated CDC Data Centres to explore development of a potential data centre at Stratford, Taranaki. Contact and CDC will seek resource consent for a 250 MW data centre1 to be built near the site of Contact’s Taranaki Combined Cycle gas power plant (TCC), retired earlier this year having reached end-of-life. It would be supported by co-located battery storage development. “It is our intention that electricity for the proposed facility...
MARKETWEEK: Different reactions to jobs data
Warren Head The New Zealand market has stopped trying to second guess the direction of oil geopolitics and prices but continues to track in the shadow of Wall Street markets. At this stage of the June year reports season the market is still relatively thin on new information. The NZX50 finished the week headed lower (0ff 133 points on August 7) but overall the week was positive by 124 points at 13,824.13. In Australia the ASX All Ords landed on the weekend exactly 308 points higher for...
Headliner NZX Market Report 7.8.26
The NZ sharemarket closed for the week on a sluggish note, following another night of indices falls on Wall Street, and impacted by a sharp decline by F & P Healthcare.. The global price for WTI crude oil was at US$77.57 / bbl. Gold soared US55.40 at US$4,355 an oz. The NZX50 fell 133 points to 13,824.13, with 52 decliners to 30 gainers. Auckland Airport fell 22c to $8.76, Mainfreight 67c to $69.33 and Westpac dropped 512c at $45.58. ANZ traded down 33c to $45.17. EBOS shed 16c to...
Headliner NZX Market Report 6.8.26
With some US markets sliding overnight as the financial market community awaited further news around the status of Middle East negotiations, the NZ market also stepped back today,. The NZX50 fell 39.12 at 13,958.06, while in Australia the ASX All Ords moved 46.50 points upwards at 9451.00. The US markets were mixed with the Dow Jones gaining 263.24 at 54,349.12, but the Nasdaq market drooped 221.56 at 26,363.44 and the S& P 500 losing 12.97 at 7723.55. Westpac fell 2c at $46.09 and...
Headliner NZX Market Report 4.8.26
With US President Trump talking up the prospect of the Strait of Hormuz opening up as soon as tomorrow oil prices and bond rates dived, and equities soared on Wall Street overnight. Trump also signalled a restart to communications with Iran (which the latter denied had occurred). A buy on the dip rebound by the major US technology Mag 7 stocks helped carry key indices upwards: the Dow Jones climbed 693.38 points to 53,178.41, the S&P 500 added 110.78 at 7,600, a gain of +1.48%,...
