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

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

NZ sharemarket drifts flat as Fed decision looms
Markets Market Close

NZ sharemarket drifts flat as Fed decision looms

The S&P/NZX 50 Index closed down 0.05% or 6.5 points.

Tom Raynel 17 Sep 2025