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Markets from Sharesies

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Markets News

Markets
Wake Up Call: Covid testing for the Auckland border
Staff reporters | Fri, 17 Sep 2021

 Sites have been set up near border crossings for workers to pick up and drop off saliva tests.

News in Brief market close
NZ shares down on ‘staggering’ GDP number
Dan Brunskill | Thu, 16 Sep 2021

This gives the Reserve Bank, which was already eyeing a rate hike, even more reason to hit the economic brakes in October.

Markets
Sky gets new CFO
Staff reporters | Thu, 16 Sep 2021

Sky nabs Vodafone's head of finance.

Markets
Wake Up Call: Is time up for Judith Collins?
Staff reporters | Thu, 16 Sep 2021

Some media are saying the National party leader is 'toast'.

Markets
UBCO raising $40m on path to Nasdaq
Dan Brunskill | Thu, 16 Sep 2021

The company thinks a series B valuation of $140 million will make it an attractive target for a SPAC listing onto the Nasdaq.  

Markets market close
NZ shares slightly lower with US inflation data
Dan Brunskill | Wed, 15 Sep 2021

Overnight US inflation data was softer than expected, with the headline consumer price index up just 0.1% in August as used car and hotel prices eased back from high levels.

Markets
Wake Up Call: Auckland businesses at 'breaking point'
Staff reporters | Wed, 15 Sep 2021

Small businesses in Auckland are at breaking point both financially and, in the case of owners, emotionally, a business leader says.

Opinion
State of the KiwiSaver providers at 14
David Chaplin | Wed, 15 Sep 2021

A band of high-growth new entrants is nipping at the heels of the big, entrenched KiwiSaver providers.

Markets market close
F&P Healthcare drags NZX50 down
Dan Brunskill | Tue, 14 Sep 2021

Pushpay Holdings dropped 3.2% to $1.84 after the church management platform released an investor presentation introducing the company to its latest acquisition and outlining its plans.

Listed Companies
Steel & Tube to pay staff $75 per jab
Brent Melville | Tue, 14 Sep 2021

Some firms think incentives for staff to be vaccinated are a good, long-term investment.

Markets
Fabric: a cheaper & smaller Precinct
Dan Brunskill | Tue, 14 Sep 2021

The office property venture is being launched while office vacancies are at historic highs due to the pandemic. 

Primary Sector
Seeka looks to acquire Northland's Orangewood
Staff reporters | Tue, 14 Sep 2021

The total transaction value is $6.55 million, with Seeka taking on $1.84m of debt. 

Primary Sector
Olam's new Tokoroa dairy plant
Rebecca Howard | Tue, 14 Sep 2021

Olam Food Ingredients to add another dairy processing plant to the South Waikato.

Retail
Hefty pay rises accompany bigger profits at Briscoe
Staff reporters | Tue, 14 Sep 2021

The retailer's 6.4% wage hikes since May outpaced the 4% national average as the chain fights to keep staff.

Markets
Wake Up Call: Struggling towards level 3
Staff reporters | Tue, 14 Sep 2021

People in seven Auckland suburbs have been asked to be tested for covid.

Markets market close
NZ shares up despite lockdown extension
Dan Brunskill | Mon, 13 Sep 2021

If investors were hoping for a swift end to Auckland’s lockdown, they didn’t show it.

Property
Stride rolls out red carpet for $250m Fabric IPO
Staff reporters | Mon, 13 Sep 2021

The office building owner's initial public offering is an unexpected boon to the local capital market.

Law & Regulation
Gibraltar regulator to be new FMA boss
Dan Brunskill | Mon, 13 Sep 2021

Barrass studied economics at Canterbury and Victoria universities, then worked at the Reserve Bank of New Zealand, before attended the London School of Economics.

Markets
Trading firm wanted 'bendier' compliance officer
Dan Brunskill | Mon, 13 Sep 2021

Derivative trading platform CLSA Premium fined $770,000 after it forced compliance officers to quit in an effort to protect wealthy customers.

Markets FREE
Carbon farmers say money is growing on trees
Ian Llewellyn | Mon, 13 Sep 2021

Carbon farmers say the emissions trading scheme gives forestry something it never had – cash flow over the life of tree and not just when it is harvested.

Markets
Wake Up Call: Pasta shortage warning
Staff reporters | Mon, 13 Sep 2021

The price of durum wheat is on the rise.

Infrastructure
Infratil's foray into Asia builds on nearly 30 years' experience
Jenny Ruth | Mon, 13 Sep 2021

Infratil has deep institutional knowledge of how electricity markets work around the world.

Markets market close
Shares down & dollar up as market predicts rate hike
Dan Brunskill | Fri, 10 Sep 2021

The kiwi dollar climbed back to 71 US cents as the market priced in an official cash rate slightly above 0.5% in October. 

Markets
Battle of the platforms: who will win the retail trading war?
Dan Brunskill | Fri, 10 Sep 2021

Sharesies is raising another round of capital, Stake is marketing aggressively, and Hatch may be up for grabs.