F&P Healthcare breaches $20b market cap

Staff reporters
Tue, 30 Jun 2020

Fisher & Paykel Healthcare has become the NZX’s first $20 billion company after its share price rose another 5.3 percent to $35.28 today, bringing its year-to-date gain to almost 51 percent. The covid-19 pandemic has created unprecedented demand for the firm’s respiratory humidifiers, which condition the air that is sent through a ventilator.As hospitals around the world have been inundated with patients, many devices that aid breathing have been put to use treating victims of the respiratory disease in the absence of venti...
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...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

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.