BRIAN GAYNOR: NZX companies & the economy

Brian Gaynor
Sat, 27 Jun 2020

What are our stock exchange listed companies, which should be a strong barometer of the economy, indicating at present?And what are they telling shareholders about current trading conditions and future prospects?The following eight companies provide a good cross-section as they either made profit announcements, issued profit guidances, or held annual meetings this week.DelegatDelegat was the standout performer of the week with the announcement that it expects net operating earnings of $59 million for the June 2020 year compared with $51.4...

Try us for 10 days free

Each day we publish 10 to 20 originally-reported news stories on New Zealand business and the political economy.

You also get:

Instant alerts based on any keywords you choose.
A custom library of your saved stories.
An industry-leading search engine

After your trial subscriptions cost $24 a month or $249 a year.

If you don’t like our news service, we make it easy to quit with our one-button cancel.

Find out more

Opinion

PATTRICK SMELLIE: What do the Nats do now?

Pattrick Smellie | Tue, 14 Jul 2020

Todd Muller's only job as National Party leader was to lose the election better than it seemed Simon Bridges was destined to do. Whoever replaces Muller has an even simpler task: save as much of th...

Listed Companies

Huljich family sells 25% of Pushpay stake

Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Property

Housing market rebounds sharply; caution required

Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Melbourne Lockdown Take Two

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.