MARKETWEEK:  Spare some gold medals for resilience

Listed companies are doing some heavy lifting WARREN HEAD //  6.8.22 There was a gold and silver gleam to the week for both New Zealand national pride at the Commonwealth Games in Birmingham and, if...

Briscoe Group lift quarterly sales

4.8.22 Briscoe Group has announced unaudited sales for the thirteen-week second trading quarter ended 31 July 2022 (91 days) were $191.7 million, being 3.49% higher than the $185.3 million achieved...

MARKETWEEK:    ………………… Equity markets spring out of the blocks

// Warren Head Another week and a new lesson for new equity investors – what appears to be bad news for some can be good news for a great many others. Higher interest rates are screwing down demand...

Excellent early start by Mainfreight

28.7.22 Mainfreight has had a strong start to the current year, as indicated by details provided at today’s annual meeting. Managing director and CEO Don Braid noted supply chain pressures continue...

Restaurant Brands update drops shares

27.7. 22 COVID-19 continues to affect Restaurant Brands’ business operations the company said in an updated profit guidance today. High case numbers resulting in staffing issues for the business as...

MARKETWEEK: Some metals alchemy from Vulcan Steel

23.7.22 // Warren Head  // The equity market’s recent shift downwards in capitalisation has made it easier for corporate growth to be achieved by way of acquisition and partial integrations – as...

Infratil in huge Vodafone tower sell-off

18.7.22 Vodafone New Zealand together with shareholders Infratil and Brookfield Asset Management Inc. opened the market week with news of the sale of Vodafone NZ’s passive mobile tower assets for...

Spark $900m spin-off deal of TowerCo

13.7.22 Spark New Zealand has sold a 70% stake in its TowerCo business for $900m to the Ontario Teachers’ Pension Plan Board. Spark’s TowerCo business is a New Zealand towers business with...

MARKETWEEK:  Investors breathe out as economy’s fast run cools

9.7.22 // WARREN HEAD // In a rather momentous week loaded with reversals galore and plenty of awfully dire predictions, there is a thin ray of mid-winter sunshine in rising equity markets. On the...

MARKETWEEK: A gritty week considering all the gloom

  Warren Head Half a year gone and what a dramatic period it has been for all economies and utterly tumultuous for markets. In brief: The supply chain pressures have become entrenched at...

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CDL notes change in trading climate

10.8.22 NZX-listed property development and investment company CDL Investments New Zealand (NZX:CDI) reported an operating profit after tax of $22.90 million (2021: $20.75 million) in the June six months. This is on revenue of $47.81 million (2021: $61.27 million)....

ASX market up slightly

The Aussie market traded on a rather flat note throughout the session and finished in positive territory, with the ASX 200 up by a modest 9.2 points or 0.13 per cent, to 7029.8, noted CommSec. Gains were broad based, with the Consumer Discretionary, Technology, Real...

Global oil prices up

9.8.22 Global oil prices rose around 2% on Monday, reported CommSec, traders citing firm economic data driving prices, notably stronger export growth in China and Friday's strong US jobs report. “Despite recession fears, the data suggested that demand for oil may not...

Choppy day on US market

US sharemarkets were choppy on Monday, noted CommSec. “Investors digested news that the US$430 billion Inflation Reduction Act had passed the Senate. “Automakers rose 3-4% in response to the news with shares in Ford up 3.1% and General Motors up 4.2%. The Information...

Market report 9.8.22

A cautious but constructive session on NZX today saw a number of good gains made across a broad spectrum, whilst losses were limited. There were only a handful of falls of any note. There were 10c retreats made by Colonial Motors at $9.20, Freightways at $9.1 and...

Kiwi dolar trades higher

9.8.22 9.It has been a slow start to the week with little newsflow; the market has reversed some of Friday night’s post US payrolls reaction, seeing a broadly weaker US dollar and lower Treasury yields, comments BNZ Markets. “Overnight, the NZD and AUD have...

Small gain for ASX

8.8.22 The Aussie sharemarket managed to bounce back from this morning’s losses, with the ASX 200 lifting by 5 points or 0.07 per cent, to 7020.6, noted CommSec. Four sectors and 71 stocks finished higher, said DivalkNigam. The Mining sector climbed 1.8 per cent and...

Market report 8.8.22

There was a good range of share price moves on NZX today with the NZX50 ultimately finishing down 25.66 points at 11,702.81, due to several large declines by heavyweight stocks. EBOS peeled off 30c at $38.80, Mainfreight 26c at $78.24, Ryman Healthcare 28c at $9.26...

MOVE Logistics confirms new NZ-Tasmania ship

8.8.22 Transport and logistics group, MOVE Logistics Group has confirmed a step forward in its new Oceans business, with its first trans-Tasman sailing scheduled for the fourth quarter of 2022   MOVE has entered an agreement to acquire a vessel, the Atlas...

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