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Markets News

Property
Vital Healthcare pushes NZ portfolio past $1b
Brent Melville | Mon, 08 Aug 2022

The specialist healthcare property trust has been actively adding NZ properties to its asset base, now valued at almost a third of its $3.3 billion portfolio.

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Cooking the Books: the pitfalls DIY investors need to avoid
Frances Cook | Mon, 08 Aug 2022

Buying shares on the stock market is a great way to build wealth. But there are traps for the unwary, says Frances Cook.

Opinion
A2 share price frenzy – but is the US formula market worth it?
Jenny Ruth | Mon, 08 Aug 2022

Forsyth Barr analysts say the US infant formula market is between 15% and 20% the size of China’s.

Markets
NZ market looks to be in better heart
Rebecca Howard | Fri, 05 Aug 2022

The S&P/NZX 50 added 2% over the week and volumes picked up ahead of earnings. 

Law & Regulation
NZ RegCo questions independence of NZAI board candidates
Dan Brunskill | Fri, 05 Aug 2022

The market regulator wants to see an assessment as to whether the proposed directors can be considered independent of the largest shareholder. 

Markets
Xero restructures Asia Pacific as NZ MD leaves
Staff reporters | Fri, 05 Aug 2022

Xero is promoting Australian managing director Joseph Lyons to Asia Pacific managing director with three country managers reporting to him.

Primary Sector
T&G Global reports solid lift in first half net profit
Rebecca Howard | Fri, 05 Aug 2022

Despite supply chain disruption, inflation and covid-19, T&G Global says its long-term strategy is starting to pay off.

Property
'Benign' ComCom report is good news for Fletcher's – Jarden
Brent Melville | Fri, 05 Aug 2022

The country's largest building materials providers appear to have been given the 'all clear' under the Commerce Commission's first blush of its 383-page building supplies study.

Markets Market Close
Investors cheered by Briscoe's optimism for rest of the year
Rebecca Howard | Thu, 04 Aug 2022

The NZX50 was buoyed by companies offering reliable dividends. 

Opinion
Heartland’s 'key partnership' with Harmoney effectively ended in 2020
Jenny Ruth | Thu, 04 Aug 2022

Heartland’s running down lending through Harmoney triggered no alarm bells because personal lending throughout the financial sector dropped sharply during the covid pandemic.

Listed Companies
Briscoe Group says first-half margins squeezed
Staff reporters | Thu, 04 Aug 2022

The retailer said it would report a 4% decline in first-half profit but second quarter sales were up 3.5% at $191.7m.

Markets
Higher unemployment spurs interest in NZX50
Rebecca Howard | Wed, 03 Aug 2022

Some positive indications about A2 Milk's approval for the US market made it one of the winners in the NZX today.

Listed Companies
Shopping Centre Investments lists on the USX
Staff reporters | Wed, 03 Aug 2022

The company owns and operates The Hub Hornby Shopping Centre in Christchurch.

World news
Robinhood platform cuts 23% of staff in sweeping overhaul
Bloomberg | Wed, 03 Aug 2022

Investors who rode the bull market during the first two years of the pandemic are pulling back as equities become more volatile, reducing online trading volumes dramatically.

Infrastructure
Forsyth Barr, Craigs and Jarden analysts rate Infratil shares
Jenny Ruth | Wed, 03 Aug 2022

The three major NZ broking firms have “overweight” or “outperform” investment recommendations on Infratil shares.

Markets Market Close
Speculative A2 Milk spike drags NZX50 higher
Rebecca Howard | Tue, 02 Aug 2022

A2 trading was halted after the stock lifted 8.6% to $5.42. 

Finance
Profits up at Fisher Funds, dividend pot hits $85m
Victoria Young | Tue, 02 Aug 2022

The company poised to buy KiwiWealth has stellar year.

KiwiSaver
Fisher to buy back KiwiSaver default status with Kiwi Wealth purchase
Pattrick Smellie | Mon, 01 Aug 2022

The sale to Fisher Funds will mean both the Kiwi Wealth brand and business disappear. An alternative bid from Jarden would have kept both.

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Pacific Edge shares plunge on risk of revenue loss
Ella Somers | Mon, 01 Aug 2022

Pacific Edge shares sank by almost 50% after the market opened this morning on the news it might lose its US revenue.

Markets
Pacific Edge at risk of losing ‘significant’ revenue stream
Dan Brunskill | Mon, 01 Aug 2022

Cxbladder is specifically excluded from health insurance coverage in a draft proposal that covers Pacific Edge's laboratory in Pennsylvania. 

News in Brief FREE
Plexure’s shares up 53% on McDonald’s contract renewal
Staff reporters | Mon, 01 Aug 2022

The mobile phone marketing company will continue to provide McDonald’s with its platform for a further five years.

Opinion
Letting Fonterra set milk prices makes it poacher and gamekeeper
Jenny Ruth | Mon, 01 Aug 2022

The only way to ensure all dairy farmers receive a fair price for their milk is to have the base milk price set independently.

World news FREE
There is nothing new on Wall Street
The Economist | Sun, 31 Jul 2022

Insiders, meme stocks, manias and scams. As the current Buttonwood financial markets columnist finishes his stint, he realises we’ve seen it all before.

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Mainfreight shares rally for second day on US update
Staff reporters | Fri, 29 Jul 2022

A revenue jump of 41.4% in the US helped Mainfreight shares rally for a second day.