Mainfreight - Team Newsletter July 2021

Index builders S&P Dow Jones today announced fleet management company Eroad would replace Napier Port in the benchmark top 50 index.

Octagon Asset Management is essentially a spin out of Forsyth Barr's existing funds management team.

PFI has also bought a site in Penrose next to land it already owns, creating an about five-hectare estate.

Farmers will vote on Fonterra’s proposed capital restructure at its annual meeting next Thursday.

Fighting to attract and retain staff will be a clear focus for boards in the year ahead.

The new forecast is a range of $8.40-$9.00 per kgMS, up from a prior forecast of $7.90-$8.90 per kgMS. 

Auckland reopens after over three months in lockdown, but it may not be enough to save many cafes, bars and restaurants because of the 100 person limits at the ‘red’.

Here's a way the Sharesies generation can get their fill of property.

US investors chose to take some risk off the table and the main indices all turned negative in the final hour of the American trading session.

Spark’s share price spiked more than 5% early this week as investors reacted to news of the variant, but it had been trending down, sliding more than 10% in the past three months.

Ikea is finally landing in New Zealand. Really.

Months after settling an extended industrial dispute with drivers in Wellington and being rebuked by its council clients, NZ Bus is being put up for sale again.

US markets fell overnight after Jerome Powell told US Congress he wouldn’t describe inflation as “transitory” as it could linger into next year.

Macquarie will take a big piece of the action in Winton's Christmas initial public offering. 

Synlait Milk is expecting some recovery at A2 Milk but not expecting large increases in their production. 

The trade software firm is the latest in a proud tradition of low revenue NZX listings that have gone on to succeed, according to Clare Capital. 

Global stocks are selling off sharply this morning after US Federal Reserve chair Jerome Powell appeared to abandon ‘Team Transitory’s’ view that inflation is temporary.

The quarterly reset of the massive MSCI indices put volume behind the local market’s rebound, with larger NZ stocks seeing elevated trading levels.  

Westpac's transgressions included charging the dead for advice.

Refining NZ believes providing oil storage is a growth industry as the government looks at the possibility of increasing domestic strategic reserve stocks.

The fourth auction will offer up 4.75 million New Zealand units with the current spot price trading near $65.

The worst of the damage was staved off as the index's largest stock Fisher & Paykel Healthcare climbed 1.3%. 

The health and beauty brand needs more cash – and it's getting it, about $6 million, to offset lower-than-expected income from its honey buy.

Radius' employee costs rose 10.2% in the latest six months while its revenue rose 8.4%.