Mainfreight has super year

Mainfreight has super year

26.5.22 The international freight forwarder and logistics group Mainfreight has notched up another record result and a ‘more than satisfactory’ improvement on the prior year. Revenue in the FY22 year has bounced 47.2% or $1.67 billion to $5.22 billion. Profit before...

Market report 23.5.22

23.5.22 The national sharemarket settled into a more normal pace today, after a weekend of reflection on the 2022 Budget, the re-emerging tourism market, prospects for a further hike in the Official Cash Rate midweek, and the March season of company reports. The...

Market report 20.5.22

  A splash of fiscal stimulus in the 2022 Budget offset another soggy day on Wall Street, when the NZ sharemarket opened today. The Dow dropped 236.94 at 31,253.13 but the NZX50 closed off the week with a 60.46 points gain at 11,267.37. There were three companies...

Market report 19.5.22

  It only takes a few hours to erase euphoria and instal fear these days on Wall Street. Major US ports are readying for a surge in consumer imports for the summer shopping season but the rising costs of freight and fuel are trimming retail margins. When the...

Market report 18.5.22

There was a rosy start to the day’s trading as American markets rallied, the Dow finally closing 431 points higher at 32,654, +1.34% The NZ March results report season picked up a little speed, with two companies posting FY22 details today: Investore and Argosy while...