Markets News
Big exporters like Fisher & Paykel Healthcare and Mainfreight didn't enjoy the NZ dollar jumping against the greenback today.
The insurer's New Zealand arm reported an insurance profit of A$220 million (NZ$242m), down from A$305m.
The fees Vital Healthcare paid its manager, NorthWest, rose 31.5% in the latest year, after a 43% increase the previous year.
Consumer price data from the US showed inflation was better than expected.
Rakon’s chair and CEO asserted the importance of reinvesting the windfall from the chip shortage back into the business.
Per-unit adjusted funds from operations were up 3.3% to 11.92cpu, reflecting the $379m of new equity raised during the year.
Rakon expects underlying earnings of between $36m and $44m.
The Craigs Investment Partners analysts are expecting Fletcher Building’s earnings to peak in 2023 and to decline in the following two years.
A2 shares dropped 11% to $5.01 in early morning trading opened but made up a bit of lost ground by the end of the day.
The asset manager has immediately assumed some leading positions in the rankings.
The hotel operator recorded a net profit of $15.4 million for the six months to June 30.
The FDA is deferring any further review at this time of all pending applications, according to A2 Milk.
Spark charged customers for six years for a wire maintenance service they didn't need and couldn't use or benefit from.
Reporting seasons begins in earnest next Monday when Contact Energy reports its full-year results.
Hamilton Hindin Greene's Grant Davies said the market was expecting “robust" numbers from the upcoming earnings season.
NZ's main commercial glass manufacturer says materials costs increases and changes to the building code will continue to ratchet up prices for the already hard-hit construction sector.
The car sales and auto finance company better known for its brand 2 Cheap Cars did not name the bank which provides the funding.
Colin Cook, great-grandson of Moondah's founder, James Grice, says the property needs to be maintained to stop it falling into disrepair and Ryman will do that.
It was a quiet day for NZ's market as investors wait to see what listed companies reveal when earnings season kicks off next week.
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.
Forsyth Barr analysts say the US infant formula market is between 15% and 20% the size of China’s.
The S&P/NZX 50 added 2% over the week and volumes picked up ahead of earnings.
The market regulator wants to see an assessment as to whether the proposed directors can be considered independent of the largest shareholder.
Xero is promoting Australian managing director Joseph Lyons to Asia Pacific managing director with three country managers reporting to him.