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Markets News

Listed Companies market close
NZ shares fall on first day of NZ's omicron outbreak
Ella Somers | Mon, 24 Jan 2022

Eroad led the NZX50 lower after delivering a mixed quarterly sales update. 

Markets
NZ shares slow down as traffic light turns red
Ella Somers | Mon, 24 Jan 2022

Aviation and tourism stocks are among those bearing the brunt of Sunday night's red light.

Markets
Ebos accepts $66m of oversubscriptions in retail offering
Ella Somers | Mon, 24 Jan 2022

Ebos Group has raised $171 million from its existing retail shareholders after receiving bids worth almost four times what it was seeking.

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Wakeup call: summer is over
Bernard Hickey | Mon, 24 Jan 2022

The announcement NZ would move to the ‘red’ covid restrictions setting at midnight  unleashed a rash of festival cancellations for events over the rest of January and February.

Markets Market Close
NZ shares finish shocker week down 3.5%
Dan Brunskill | Fri, 21 Jan 2022

A well-known investor released a paper overnight warning this was the end of a "superbubble" in US markets. 

Markets
Tower has watching brief on Tonga
Ella Somers | Fri, 21 Jan 2022

Tower's shares have fallen since the eruption and tsunami, but the insurance company's CEO says it's in a strong position to support its customers through Tonga's recovery.

Markets
Inflation eats My Food Bag’s sales boost
Dan Brunskill | Fri, 21 Jan 2022

Killing the mood for investors was news higher sales revenue would not translate to higher revenue, as higher labour and product costs eat into margins.

Markets
Ebos seeks ComCom clearance to buy NZ LifeHealthcare business
Staff reporters | Fri, 21 Jan 2022

Ebos will pay about A$1.17 billion for the LifeHealthcare business in New Zealand, Australia and Asia.

Infrastructure
Teresa Rendo pulls out of Fletcher Building appointment
Staff reporters | Fri, 21 Jan 2022

Bruce McEwen will step in. He had been going to move into a new role to speed up Fletcher's digitalisation.

Infrastructure
Vista expands with Odeon into Spain and Portugal
Staff reporters | Fri, 21 Jan 2022

Odeon will install Vista software in its 42 Cinesa sites in Spain and Portugal.

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Wakeup call: stocks bounce as profits rise
Bernard Hickey | Fri, 21 Jan 2022

US stocks rose 0.5% to 1.5% in positive trade this morning as better-than-expected earnings results from some tempted buyers back.

Finance
Nikko sticks with Ark's investment strategy despite hard times
Jenny Ruth | Fri, 21 Jan 2022

Nikko Asset Management in NZ expects Cathie Wood's Ark Innovation fund to be very volatile but thinks that strategy still has a place in its portfolios.

Markets market close
NZ shares fall as investors brace for omicron
Dan Brunskill | Thu, 20 Jan 2022

Forsyth Barr said retail and healthcare were the worst-performing sectors on the Australian market since it was hit with the omicron variant.

Markets
Rua shareholders green light Zalm deal
Staff reporters | Thu, 20 Jan 2022

The listed East Coast medicinal cannabis firm will go ahead with the purchase of Rob Fyfe's start up Zalm.

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Wakeup call: ‘thousands of cases a day’
Bernard Hickey | Thu, 20 Jan 2022

A leaked document written for the Department of Prime Minister and Cabinet warns of severe pressure on the hospital system in an inevitable omicron outbreak.

Primary Sector
The next big milestone in the A2 class action
Rebecca Howard | Thu, 20 Jan 2022

Once the court decides how the matter will proceed it will make orders for A2 Milk to file a defence, say Shine Lawyers. 

Markets market close
NZ shares routed as ANZ forecasts OCR to hit 3%
Dan Brunskill | Wed, 19 Jan 2022

Just seven of the top 50 stocks gained today as traders and economists predict central banks will have to make radical moves to slay the "inflation dragon". 

Infrastructure
Morrison & Co appoints new British director
Staff reporters | Wed, 19 Jan 2022

Kate Mingay has corporate finance, infrastructure and regulatory experience.

Markets
App-y days: the new DIY investment options
Dan Brunskill | Wed, 19 Jan 2022

Sharesies launches its mobile app as Blackbull and Flint pile into the retail rush, offering managed funds and leveraged share trading. 

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Wakeup call: stocks slump on rates fears
Bernard Hickey | Wed, 19 Jan 2022

Global share prices are falling sharply again this morning. MBIE announced overnight it had indefinitely postponed tomorrow’s release of new MIQ rooms for March and April because of omicron.

Markets
Does ‘buying-the-dip’ work? Academics say yes
Dan Brunskill | Wed, 19 Jan 2022

Research has found that 'buying-the-dip' can be less risky but it tends to deliver lower returns.

Markets market close
IkeGPS up 8% on contract extension
Dan Brunskill | Tue, 18 Jan 2022

It has been a sleepy start to the week with US markets closed since Friday night and many New Zealanders still away on holiday.

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Wakeup call: China's interest rate plea
Bernard Hickey | Tue, 18 Jan 2022

Xi Jinping has warned the US not to hike interest rates too much or too early, saying it could cause turmoil in developing countries.

Markets market close
NZ shares climb in light trading
Dan Brunskill | Mon, 17 Jan 2022

Two technology stocks, which have been under pressure lately, led the gains today.