A2 Milk, Air NZ to report; covid-19 dominates sentiment

Rebecca Howard
Thu, 27 Feb 2020

Local earnings reports will garner investors’ attention but ongoing concerns about the global spread of the covid-19 virus will remain the dominant driver in markets today. Heavyweights A2 Milk and Air New Zealand are both due to report today, and both have significant exposure to China.  Air New Zealand has already signalled it will be hit by the covid-19 outbreak. Earlier this week it said it expected the outbreak would dent earnings by between $35 million and $75 million. Any commentary from A2 Milk will be closely scrutinised. Up unti...
NZ banks' credit losses to rise to 12x 2019 level - S&P
Jenny Ruth | Fri, 10 Jul 2020

New Zealand banks' credit losses will rise to about 12 times those in 2019 before easing because of the coronavirus crisis, according to international ratings agency Standard & Poor's. "A contracti...

Infrastructure FREE
Rio Tinto may be open to longer phase-down of Tiwai: Meridian
Jenny Ruth | Fri, 10 Jul 2020

A longer phase-down period for the Tiwai Point aluminium smelter may be possible.

Election 2020
ELECTION 2020: National’s ex-spy trainer Yang to retire
Victoria Young | Fri, 10 Jul 2020

National List MP Jian Yang will quit politics at this year’s election, after serving three terms in Parliament. Yang has been a controversial MP due to his involvement as an academic training Chine...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.