HEADLINER NZX Market report
The sharemarket absorbed the commentary about future increases in the Official Cash Rate – and a Budget for straitened times, and kept its adjustment to 21.47 points downwards to 13,206.11 on the NZX50 In Australia the ASX All Ords shed 124.80 points or -1.40% at 8819.40. US markets were calm and waiting on an outcome in the US-Iran peace bargaining. The Dow Jones gained 182 at 50,644.28, the S&P 500 was flat, up 1.24 at 7520.32 and NASDAQ crept higher by just 18 points to...
Mainfreight almost closes earnings gap
NZX-listed international freight and logistics group Mainfreight accelerated profit performance during the second half of the March 2026 year but not enough to better the prior year’s profit. Revenue at $5.38 billion was up 2.8%. However, due to the slow start in 1H26 pre-tax profit at $350.9 million was down 8.5%, as was net profit at $251.0m. Operating cashflows improved from $584 million to $589 million. A final dividend of 87.0 cents per share has been authorised payable on 17 July 2026.....
Year of progress by Stride Property
FY26 marked a year of meaningful strategic progress for Stride Property, including its moves in funds management. The $31.3m net profit was up $9.6m on FY25 ($21.7m). Net rental income for FY26 was $58.9m (FY25: $69.1m), impacted by $(3.9)m as a result of the Industre restructure, SPL’s industrial property product, in the prior year. In addition, the sale by SPL of Silverdale Centre to Investore during the year resulted in lower net rental income of $(2.7)m. A further $(1.8)m was due to...
Strong quarter for Fonterra
28.5.26 Fonterra Co-operative has released a third quarter business update, showing year to date group operating profit of $1.8 billion, up $103 million on this time last year. Net profit after tax was $1.1 billion for 3Q26. Adjusting for Mainland’s result to reflect the co-operative's underlying business, the co-op delivered $946 million profit after tax, equivalent to earnings per share of 57 cents, up from 53 cents this time last year. The Ingredients business benefited from ongoing protein...
HEADLINER NZX Market Report 27.5.26
The New Zealand sharemarket took heart from the Reserve Bank’s MPC decision to hold the official cash rate at its existing level of 2.25% today. The NZX market moved 158 points higher on the NZX50, at 13,227.81, +1.21% In Australia the ASX All Ords firmed by 62.60 to 8945.20. American markets were mixed as the confusion around whether the Iran regime has yet to agree to an extension of a ceasefire which has been fractured in the past few days. While the Dow Jones waned by 118 points at...
Cinemex returns to Vista Group
27.5.26 Vista Group International announced that Cinemex has signed an agreement to transition its Mexican circuit back to Vista Group. This follows the successful transition of Cinemex’s US circuit to Vista Group during 2025. Cinemex is the second largest exhibitor in Mexico, with 289 sites (2,800+ screens) across more than 100 cities, plus 23 sites (300+ screens) in the United States. The five-year agreement involves Cinemex’s Mexican circuit initially going live on Vista Group’s on-premises...
Metro Glass improves in FY26 but net loss
27.5.26 Metro Performance Glass exited FY26 in a stronger financial and operating position. While market conditions in New Zealand and Australia remained very challenging, the trans-Tasman group improved underlying trading performance The company also “materially strengthened cash flow, reduced debt and reset its capital structure through the September 2025 equity raise and refinancing” Revenue was $208.2m, down 2.7% on FY25, reflecting weaker construction markets, particularly in New Zealand...
Real estate under pressure
27.5.26 The Reserve Bank of New Zealand has held the Official Cash Rate at 2.25% April's Selected Price Indexes provided the breathing room the Committee needed to hold, says Atom Go Tian, Economist at Ray White “With petrol now 30.1 per cent higher than a year ago and diesel up 91.3 per cent, the full pass-through into transport, food, and business costs has not yet materialised. “Today's hold is a judgement that the data did not yet compel action rather than a signal that rates are staying...
No change in Official Cash Rate
27.5.26 Recognition that financial conditions in New Zealand have tightened – and that long-term inflation expectations remain around 2% - were factors in the Reserve Bank’s Monetary Policy Committee today voting to hold the OCR at 2.25% Annual consumer price inflation was 3.1% in the March quarter. The Middle East conflict is increasing near-term inflation and weakening economic activity. Inflation is expected to peak at 4.3% in the September quarter and to return to the 2% target...
KMD Brands sales up in 3Q, plans review
27.5.26 KMD Brands, the Christchurch-based retail group, has reported encouraging progress in 3Q26 despite challenging broader market conditions. In the third quarter, February 26 – April 26, group sales rose +5.2%, and on a year-to-date basis +6.6^. By retail brand, Kathmandu sales were up 4%, Rip Curl 12% but ObOz -8.9% Brent Scrimshaw, Group CEO and Managing Director, KMD Brands said: “It’s pleasing to see momentum building in our Next Level execution.” The Group is undertaking a...
