by Warren Head | Apr 18, 2024 | Latest News
18.4.24 The rural sector services group PGG Wrightson has revised its operating EBITDA guidance to be around $43 million (from $50 million) for the June year. PGW chair Garry Moore said conditions have deteriorated because of market conditions that are impacting the...
by Warren Head | Apr 18, 2024 | Currency, Economy, Money Market
There is a modest risk-off tone in the air, with US equities weaker, US Treasury yields lower, credit spreads wider and oil prices weaker, notes BNZ Marjets this morning. “Currency movements haven’t been affected by the risk-off move, with the USD broadly weaker...
by Warren Head | Apr 17, 2024 | Free, NZ Market Daily Report
Several stocks which took a hammering earlier this week, made ground today, notably Ampol rebounding by a strong $1.38 to trade at $46.08, a gain of 3.09%. Mainfreight moved back up by $1.50 to $69.50 and F&P Healthcare recovered 38c to hit $26.78. Infratil...
by Warren Head | Apr 17, 2024 | Companies, Latest News
Tower Limited (NZX/ASX: TWR) has today updated its earnings guidance on underlying net profit after tax (underlying NPAT) for the year ending 30 September 2024. Full year underlying NPAT is expected to be greater than $35m. Previously Tower had advised that it...
by Warren Head | Apr 17, 2024 | Economy, Latest News
Annual CPI inflation has decelerated from 4.7% to 4.0% y/y in the first quarter of 2024 but the decline has its limitations. ANZ Bank economists noted that the mark was in line with ANZ’s forecast, and above the RBNZ’s November MPS forecast of 3.8%. “But the details...
