Headliner NZX Market Report 17.8.26
The NZ sharemarket was centre of attention today as two major companies disappointed with their short term outlooks while a third company received the encouraging news that it has waited on for 7 years. The NZX50 dropped 132.40 at 13,721.98. In Australia the ASX All Ords shed 34.20 at 9,279.00. US markets were down across all bards: the Dow Jones falling 107.59 to 53,722.41, the S&P 500 off 213.23 at 7785.76 and Nasdaq down 73.89 at 26,729.12. The a2 Milk Company’s June year result...
Fast-track draft nod to Tauranga project
17.8.26 Port of Tauranga’s Stella Passage development has received conditional approval of its fast-track application. The fast-track expert panel issued a draft decision proposing to grant all approvals sought by Port of Tauranga, subject to conditions. Port of Tauranga was given two days to comment on the proposed conditions. Other parties will also be given the opportunity to comment before a final decision is due in early September. The Stella Passage development involves extending the...
Freightways position for NZ recovery
17.8.26 Freightways delivered a resilient performance in FY26 with net profit rising 17.3% to $93.96 million, despite the challenges thrown up by the sharp increase in fuel prices. Economic activity had shown encouraging signs of improvement through much of the year before being disrupted by the conflict in the Middle East, said chair David Gibson. “The combination of higher fuel costs and softer customer demand created a drag during the final quarter on a result which was otherwise strong for...
a2 Milk revenue up in FY26
17.8.26 The a2 Milk Company’s annual result for the year ending June 30 shows the impact of supply chain disruption and the acquisition of the Pokeno production plant. FY26 revenue grew 12.4% to $1,974.9 million, driven by growth in English label Infant Milk Formula (IMF), Other Nutritionals and Liquid Milk. Revenue growth was partially offset by a reduction in China label IMF sales driven by supply chain disruption in 4Q26, but ATM reaffirms that the contributing factors are now...
MARKETWEEK: Equity market watchful as Election looms.
Queenstown Warren Head Investors are defiantly keeping the New Zealand sharemarket ticking over at an elevated level despite mixed performances in the current NZX results season and intensified peripheral noise due to the fragile geopolitical situation.’ There are also concerns at the engrained cost of doing business and media frustration over a foiled leadership coup in the National Party. There has been plenty of key-tapping on the extent of the challenge but with the removal of portfolios...
Colonial Motor adapts to Mideast impact
14.8.26 Colonial Motor Company has come through a demanding June 30 year with a trading profit after tax of $18.7m, marginally ahead of the previous year but affected by the Middle East conflict during much of the second half. Revenue reached $1,069,936, a gain of 0.07% and the preliminary trading net profit was ahead by 4.7%. EPS moved higher to 57.1c (FY25 54.5cps). Tax required $19.52m. NTA rose to $9.77. Chair Ashley Waugh said oil shock and supply disruption significantly impacted the...
Headliner NZX Market Report 14.8.26
The New Zealand sharemarjet ended the week on a positive note, as political uncertainty settled down but the Middle East situation offered nothing but a continuation of the deadlock in negotiations. Oil prices finished the week up 4%, and that saw Brent crude up 1.75% today at US$88.59 a barrel and West Texas Intermediate oil at US$82.89, +2%. The US markets were in positive territory, with the Dow Jones rising 69.70 points to 53,840.00, the S&P 500 at 7798.99 and Nasdaq 214.54...
‘Transformational’ 2026 for Vital
13.8.26 Vital Healthcare Property Trust reports that FY26 was a transformational year for the company, marked by the transition to an internalised management model on January 1 2026. “Internalisation has strengthened governance, increased alignment with Unit Holders and established a scalable operating platform that positions,” said CEO Chris Adams, in announcing June year results. FY26 HIGHLIGHTS: Financial: - AFFO increased to $86.9 million (+23.5%) or 11.50 cents per unit (+10.5%) - Net...
Scott Technology forecasts record year
12.8.26 Scott Technology is expecting a record year as the company approaches the first anniversary of its Destination 2030 growth strategy. Scott expects record revenue of $290–$296 million (FY25: $275 million) and record operating EBITDA of $34–$36 million (FY25: $31.5 million) for the year ending August 31. CEO Mike Christman said the guidance represents a record financial performance for Scott Technology and reflects the progress made over the past year in building the foundations required...
Headliner NZX Market Report 12.8.26
With no apparent progress in the Middle East peace negotiations equity markets were subdued today With the US facing down an Iranian demand to permit the IRGC to control the Strait of Hormuz and their allies, the Houthi, actively seeking to exert pressure on the other regional chokepoint at the opening of the Red Sea, Gulf States are looking for other routes for their oil exports. The Dow Jones dropped 184.13 overnight to land at 53,791.85, Nasdaq came down 159.91 to 26,496.45 and the...
