Updated: Briscoe Group takes The Warehouse Group’s spot in NZX 50 index

Briscoe Group managing director Rod Duke says he's "pretty proud". (Image: Dean Purcell)

Mon, 09 Jun 2025

Briscoe Group has taken The Warehouse Group’s place on New Zealand’s benchmark index.In a quarterly rebalance for New Zealand Exchange (NZX) indices on Friday, S&P Dow Jones announced it would remove The Warehouse Group from the NZX 50, the NZX MidCap and the NZX SmallCap indices.Briscoe Group will take its place on all three from June 23 onwards, joining other listed retailers Hallenstein Glasson and KMD Brands.Briscoe managing director Rod Duke told BusinessDesk on Monday that analysts had tipped him off that his firm would li...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Property

Du Val assets to remain frozen: Court

The judge’s decision is heavily redacted, pending a suppression appeal by the Clarkes.

Maria Slade 2:15pm

Markets

Sky shares rise on $1 deal with TV3 owner Discovery NZ

Sky TV scoops up TV3 off owner Discovery NZ in a synergy-laden $1 deal.

Staff reporters 2:00pm

Sky shares rise on $1 deal with TV3 owner Discovery NZ

Primary Sector

AgriZeroNZ invests $6.3m in US biotech BiomEdit

It's probiotic-based feed additive is dairy cow's productivity and cut emissions.

Riley Kennedy 12:00pm

AgriZeroNZ invests $6.3m in US biotech BiomEdit

Sponsored

Global real estate without the passport or paperwork

A global ETF offers access to income-generating real estate like data centres, healthcare and logistics warehouses – all in New Zealand dollars.

Blackrock, Smart Invest

Sponsored

‘Make Today the Day’: Why on-the-job training is the key to NZ’s service recovery

Covid gutted New Zealand’s service workforce. Training is the fix – and the future.

ServiceIQ

More Retail

Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 5:00am

Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025