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The latest from Journalist Dan Brunskill

Dan is a journalism graduate from Auckland University of Technology who joined BusinessDesk in 2020. Formerly a photographer, he took up journalism as the news editor of Debate Magazine before going on to work at the New Zealand Herald. You can follow him on Twitter @dan_brunskill or connect with him on LinkedIn here.

Auckland property revival continues; supply remains tight
Dan Brunskill | Tue, 18 Feb 2020

Auckland's property market continued its revival in January as a lack of available listings helped push up prices, according to Real Estate Institute of New Zealand figures. The REINZ house price index showed Auckland prices increased at an annual pace of 4.4 percent, its fastest...

MARKET CLOSE: NZ shares fall as Synlait declines another day
Dan Brunskill | Fri, 14 Feb 2020

New Zealand shares fell as Synlait Milk led the market lower for a second day after it slashed its earnings outlook yesterday. The S&P/NZX 50 Index declined 46.01 points, or 0.4 percent, to 11,834.83. Within the index, 24 stocks fell, 23 gained, and three were unchanged. Turno...

Falling log volumes trim South Port's profit forecast
Dan Brunskill | Fri, 14 Feb 2020

South Port New Zealand expects annual earnings to fall as much as 16.2 percent because of reduced log exports and fertiliser imports. In reporting a flat first-half net profit, the port operator lowered its guidance for the year ending June to a range of $8.2 million to $8.7 m...

MARKET CLOSE: NZ shares fall as Synlait Milk slumps to 2-year low
Dan Brunskill | Thu, 13 Feb 2020

New Zealand shares were led lower by Synlait Milk after the dairy company slashed its earnings outlook, citing a weak infant formula market and the risk posed by the covid-19 outbreak to its supply chain.  The S&P/NZX 50 Index declined 17.40 points, or 0.1 percent, to 11,880.8...

Telcos censured over fair trading breaches
Dan Brunskill | Thu, 13 Feb 2020

The Commerce Commission today censured two of the country's largest telecommunication companies over the way they’ve previously charged customers. The more serious of the two saw brands owned by ASX-listed Vocus Group fined $121,500 for misleading and overcharging thousands of...

Kiwi companies warn of coronavirus headwinds
Dan Brunskill | Thu, 13 Feb 2020

A cross-section of Kiwi firms has warned containment measures to prevent the spread of covid-19 have disrupted supply chains and are looming over earnings.Investors have been keenly anticipating company updates on the impact of the global epidemic since it started dominating head...

IAG NZ feels pinch of increased regulation
Dan Brunskill | Thu, 13 Feb 2020

Insurance Australia Group’s New Zealand division faced increased costs as the sector comes under more intense regulatory scrutiny but said it hasn’t found any customer issues that need fixing.The insurer is New Zealand’s largest, claiming about 47 percent of the market across its...

MARKET CLOSE: NZ shares buoyed by RBNZ optimism of brief coronavirus hit
Dan Brunskill | Wed, 12 Feb 2020

New Zealand shares rose as investors took heart from the Reserve Bank indicating the impact of the coronavirus outbreak on the domestic economy and corporate earnings would be short-lived.  The S&P/NZX 50 Index gained 63.70 points, or 0.5 percent, to 11,898.24. Within the inde...

MARKET CLOSE: NZ shares rise as coronavirus fears boost demand for yield plays
Dan Brunskill | Tue, 11 Feb 2020

New Zealand shares rose as companies paying reliable dividends became more attractive in an environment where fears over the economic impact of the coronavirus outbreak have pushed down global bond yields. The S&P/NZX 50 Index gained 131.95 points, or 1.1 percent, to 11,834.54. W...

MARKET CLOSE: New Zealand shares fall as investors go on “buyers strike”
Dan Brunskill | Mon, 10 Feb 2020

New Zealand shares fell as investors were unnerved by news that the coronavirus fatality rate passed that of the SARS outbreak almost two decades ago. The S&P/NZX 50 Index dropped 58.29 points, or 0.5 percent, to 11,702.59. Within the index, 28 stocks fell, 16 rose and six wer...

JB Hi-Fi New Zealand notes tentative start to 2020
Dan Brunskill | Mon, 10 Feb 2020

JB Hi-Fi warned of a January sales slowdown on this side of the Tasman despite first-half results showing modest revenue growth at the discount consumer electronics chain.The ASX-listed retailer reported a 1.6 percent decline in sales through its 14 New Zealand stores, all of whi...

MARKET CLOSE: NZ shares rise as investors catch up with Australian gains
Dan Brunskill | Fri, 07 Feb 2020

New Zealand shares rose today, as investors played catch up to the Australian market which rose sharply on Thursday while the local market was closed for Waitangi Day. The S&P/NZX 50 Index rose 156.8 points, or 1.4 percent, to 11,760.88. Within the index, 31 stocks rose, 17 fe...

MARKET CLOSE: New Zealand shares join global rally on Chinese stimulus
Dan Brunskill | Wed, 05 Feb 2020

New Zealand shares rebounded today, as a strong lead from Wall St and stimulus from the People’s Bank of China buoyed Asian markets from coronavirus fallout and caused investors to walk back a portion of the recent sell off. The S&P/NZX 50 Index rose 92.59 points, or 0.8 perce...

ANZ warns sun setting on golden run for food exports
Dan Brunskill | Wed, 05 Feb 2020

ANZ New Zealand economists warn the “sun is setting on the golden run” for Kiwi food exports as meat prices come off their elevated levels and as the coronavirus outbreak threatens to spoil the party.The bank’s monthly commodity price index fell 0.9 percent in January, led lower...

MARKET CLOSE: New Zealand shares fall with coronavirus weighing on exporters
Dan Brunskill | Tue, 04 Feb 2020

New Zealand shares fell today, led lower by export stocks as coronavirus continued to propel investor decision making. The S&P/NZX 50 Index declined 38.67 points, or 0.3 percent, to 11,511.49. Within the index, 25 stocks fell, 19 rose and six were unchanged. Turnover was $158....

MARKET CLOSE: New Zealand shares fall as mainland Chinese markets reopen
Dan Brunskill | Mon, 03 Feb 2020

New Zealand shares fell as the coronavirus outbreak continued to weigh on investor confidence, however, it weathered a savage reopening to Chinese equity markets as a weaker kiwi dollar buoyed exporters. The S&P/NZX 50 Index declined 167.28 points, or 1.4 percent, to 11,550.16...

NZ shares fall as government restricts Chinese travel
Dan Brunskill | Mon, 03 Feb 2020

The S&P/NZX 50 fell almost 2 percent in early trading as the government shut down travel from mainland China and as investors look anxiously towards Chinese stock markets reopening after their Lunar New Year holiday.Exporters and tourism stocks were among the hardest hit on the l...

MARKET CLOSE: NZ shares gain as F&P Healthcare gets strong lead from rivals
Dan Brunskill | Fri, 31 Jan 2020

New Zealand shares ended the week on an upbeat note after stock markets were knocked around by the global outbreak of coronavirus. A weaker kiwi dollar buoyed exporters such as Fisher & Paykel Healthcare.  The S&P/NZX 50 Index rose 51.8 points, or 0.4 percent, to 11,717.44. Wi...


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