Headliner NZX Market Report 31.7.26
The New Zealand sharemarket was out of sync with other equity markets as it fell 63.50 on the NZX50 at 13,699.28 in thin trading that saw falls (39) almost match declines (44). The ASX All Ords rose to 9137.00 today, while overnight in the United States the various indices recorded a sharp rebound after heavy selling hit shares midweek. The Dow Jones rose 613.92 at 52,208.06. The S&P 500 gained 121.48 to 7347.83 and the Nasdaq market put on 679.24 points at 25,127.18. The NZX falls were...
MIchael Hill has growth finish to FY26
31.7.26 Michael Hill International provided a trading update for the 52-week period ended 28.6.25, based on preliminary and unaudited numbers, that shows sales up in all markets. Group sales were $654.7m (FY25: $641.6m) delivering growth of +2.0% on LY (+3.9% on a constant currency basis). Same store sales for the year were up +3.0% on LY, and +5.2% on a constant currency basis with the first half momentum continuing through the second half Australia (including Bevilles) delivered strong...
T & G Global agrees T&G Fresh sale
T&G Global has agreed the sale of its T&G Fresh business, through three transactions with Bidfood The sale and purchase agreements are for T&G’s Fijian and Pacific Islands export businesses; with Pukekawa Holdings Ltd and Ashsadeep Co Ltd (or nominee) for T&G’s 51% shareholding in Unearthed Produce Ltd; and with the Turner family, for TGG’s New Zealand fresh produce business, The deals are subject to Commerce Commission clearance. The Turner family will lease from TGG the...
Headliner NZX Market report 30.7.26
Wall Street worries spilled over into other markets today, including New Zealand, creating a bit of a sell-off. The Wall Street indices reflected (a) concern that the US Fed did not out up interest rates – leaving that to later (b) hyped up technology stocks funded by circular investment (b) and the problems of a wider conflict in the Middle East. The Dow Jones dropped -2.19% or 1,153.18 at 51,594.14, the DS&P 500 112 points to 6716.15 and Nasdaq 433.97 points at 24,442.94. Gold...
Mainfreight trading update lifts shares
30.7.26 Mainfreight’s annual meeting received a solid briefing from management and managing director Don Braid today. Braid said there was a cautious improvement across all regions in the opening weeks of the FY27 year. “NZ Improving off the back of a difficult time in the year prior and strong sales activity. Revenue for the 16 weeks April 1 to July 19 rose 21% and pre-tax profit was up 79% at $40.49m That performance was matched and slightly superceded by the group’s Australia division...
Chairman succession at Freightways
Freightways Group announced Mark Cairns' intention to step down as director and chair of Freightways on July 3. Effective today, Mark Cairns announced his resignation from the board and the appointment of David Gibson, currently a director on the board, as chair. Mark Cairns commented: “It has been a privilege to serve as chair of Freightways over the past four years. I congratulate David on his appointment as chair following the board’s succession process. “I thank my fellow directors for...
Headliner NZX Market Report 28.7.26
The sharemarket can act in a quite contrarian way at times – today oil prices firmed up again as the US resumed a hot war but local equities were also running hot, all the way to a new record by the NZX50 Gross Index. The NZX50 jumped 114.74 points to attain 13,976.67, +0.83%. Too soon to call a surge above 14,000 as profits will be taken before the weekend if normal investor behaviour prevails. The major gainer of the day was F&P Healthcare, which rose $1.00 in share price at...
Headliner NZX Market Report 28.7.26
Global markets are perplexed about whether the lull in the US-Iran military offensives is likely to last or once more dissolve into confusion. Meanwhile (a) the war has widened to two chokepoints (b) a ceasefire also favours Iran’s eastbound oil shipments (c) Western insurance companies remain risk averse (d) increased volumes of crude oil on the sea include reserve drawdowns. This evening the global prices of crude oil have retreated to US$86.64/bbl for Brent crude and US$81.22/bbl for US...
Blackpearl update shows rebalancing
Blackpearl Group has provided an update for the first quarter of FY27 (ended 30 June), showing new reporting measures. Blackpearl now reports against three key measures: growth (ARR), EBITDAF forecasting and technology advantage measurement, the latter two introduced this quarter alongside the Group’s established metrics. Q1 delivered the planned rebalancing from top-line growth toward bottom-line performance, Growth (ARR): $27.2m, up 95% YoY and 2% QoQ, modest sequential growth by design to...
HEADLINER NZX Market Report 27.7.26
The NZX market made a solid start to the trading week, despite the weekend lift in local fuel costs flowing from the higher crude prices for oil over the past week. There was a calmer tone to oil markets today after the halt to mutual attacks by the US and Iran: WTI traded down 5.25% at US$84.62 and Brent crude was down 5.1% at US$91.88/ bbl. The NZX50 closed up 24.09 points at 13,796.38, even though falls out-numbered gains 45 to 38. In Australia the ASX All Ords jumped 110.60 to close at...
