NZX upgrades guidance and adds new issuers

NZX upgrades guidance and adds new issuers
Dan Brunskill
Stock exchange operator NZX said it expects 2020 operating earnings to land at about $33.5 million, the high end of its guidance range, as the covid-crisis has driven demand in public markets.The pandemic-era economic environment had highlighted the value of the public markets as companies sought capital to shore up balance sheets and fuel growth, the company said in a statement.The firm's 2019 operating earnings were up 9.8 percent at $31.4 million. This new forecast would put growth for the calendar year at a slower rate of 6.7 percent.Ho...

More Markets

NZ sharemarket ends week up nearly 1.7%
Markets Market close

NZ sharemarket ends week up nearly 1.7%

The S&P/NZX 50 closed at 12,770.33, up 188.95 points and bang on 1.5%.

Engine centre extension will create 200 new jobs
Markets

Engine centre extension will create 200 new jobs

Construction starting this month is expected to be finished by late 2026.

Manawa reports a $3m loss due to energy crunch
Markets

Manawa reports a $3m loss due to energy crunch

Lack of fuel and bad debt weigh on Manawa.

ANZ posts $2.28b annual profit in New Zealand
Markets

ANZ posts $2.28b annual profit in New Zealand

Result up 1%, or $22.9 million, on the prior year.