By WARREN HEAD. There will be a massive $2bn payout by the Government as a result of today’s ‘Black Tuesday’ when South Canterbury Finance went into receivership. ...

(PREMIUM) First NZ Capital has been impressed by Auckland International Airport’s FY10 result which was “a shade better than expected thanks to tighter cost management.” The broker has reset its target price. ...

(PREMIUM) For the past few weeks Headliner has noticed the rising toll on reported profits of listed companies from the change to depreciation tax rules. And we are not alone. ...

The recurring theme in my last few newsletters has been - “Where’s the money”, says Global Pacific’s John Paine. ...

(PREMIUM) Headliner reports on current hot stock selections, the companies considered likely to outperform. ...

Yellow® is warning customers about a second scam, this time a hoax invoice is being circulated. The scam invoice should not be paid. ...

Allied Farmers’ Managing Director, Rob Alloway, is to step down from his current role in December this year. ...

Just Water International Ltd has posted disappointing results for the year ended 30 June 2010 ...

The Chatham Rise rock phosphate project associated with Widespread Portfolios and Widespread Energy is making rapid progress in evaluating the viability of its undersea reserves ...

More hearsay evidence today that New Zealand has become an expensive place to live. The annual meeting of Burger Fuels was told today that in tougher economic conditions New Zealanders are trading down in their ...

(PREMIUM) With 60% of its property portfolio sitting in shopping centre assets Kiwi Income Property Trust is counting on consumers’ regaining confidence and generating greater business. ...

(PREMIUM) Salvus Strategic Investments notes that corporate results announced in May and their accompanying outlook statements were generally positive. “Business conditions are slowly improving and most companies are now better positioned (i.e. leaner cost bases ...

(PREMIUM) Slowed by the recession and the sharp reduction in free cash held by retail investors the smaller caps on the NZX are receiving less attention. ...

Healthcare sector business EBOS Group (NZX: EBO) today announced the sale of the company’s portfolio of Scientific businesses to VWR International, LLC, USA. ...

Opus International Consultants’ (NZX: OIC) reported 1H10 profit of $10.4m today, more than double its 1H09 earnings of $5.1m, due to a strong NZ operations performance. ...

(PREMIUM) The softening retail environment in NZ and Australia has led brokerage Forsyth Barr to reduce its forecasts for children’s retailer Pumpkin Patch (NZX: PPL), but with the stock trading at a substantial discount to ...

(PREMIUM) One great thing about being in the NZX 50 is that the ranking eventually results in increased coverage by analysts, which in turn leads to stock recommendations and thus more trading. ...

(PREMIUM) We’re past the shortest day and maybe we are also past the worst of the pause in company profitability. ...

(PREMIUM) Patchy trading conditions have led Sky City Entertainment (SKC) to confirm normalised earnings forecasts at the low end of its previous guidance, leaving SKC trading at an unprecedented discount and close to its 26 ...

(PREMIUM) Improving investor sentiment for Auckland International Airport (NZX: AIA) has led Craigs Investment Partners (CIP) to upgrade its rating of the stock to BUY. ...

All the boxes were ticked for NZD strength overnight, says Mike Hones, Markets Strategist BNZ. ...

Support around 0.7080 for the NZD should remain untested as the market digests early morning Fonterra auction results, says Khoon Goh, Head of Market Economics and Strategy ANZ. ...

Manukau City Council has launched a bond issue to raise up to $250m with the right to accept up to a further $100m in over-subscriptions. ...

SBS Bank has posted updated interest rates from today 31 August 2010. ...

The ANZ Bank’s New Zealand economics team have formally shifted to a no hike call on interest rates for September. ...

The NZD/USD continued on its upward trajectory overnight, drifting up from 0.7120 to an overnight high of nearly 0.7180, says Mike Jones, strategist markets BNZ. ...

There is unlikely to be any spring in the NZD step today as it remains on the back foot after yesterday’s developments, said ANZ National Bank this morning. “Trans Tasman support may cushion some of ...

The NZD has been the weakest performing currency over the past 24 hours. From above 0.7050 this time yesterday, NZD/USD tumbled to 8-week lows below 0.6970 overnight. ...

The NZD has drifted lower over the past 24 hours, notes Mike Jones, strategist markets for the BNZ. After starting the week around the 0.7150 mark, the NZD/USD slipped below 0.7100 in relatively lacklustre trade ...

The NZ dollar may well trip up on local releases today as developments in the secondary finance market are awaited, says the ANZ’s head of market economics and strategy Khoon Goh. ...

Last week we made a statement “the current cycle has never been experienced since the Great Depression”. ...

We spoke last week about “cycles” in retail and many thanks to those of you who responded with interesting comments. We will revert to those after we have addressed “cycles” in property. ...

Some of suburban Auckland’s best retail sites within the upmarket Rialto Centre, a boutique shopping and cinema complex in the heart of the Newmarket retail precinct, are up for sale through leading real estate agency ...

It’s a fact that life is full of cycles both good and bad. More recently these have become more noticeable. Let’s explain. ...

The Morrison & Co Public Infrastructure Partnership Fund (PIP Fund) has entered a joint venture agreement with Plenary Group through which the PIP Fund will invest in the Melbourne Convention & Exhibition Centre Public-Private Partnership ...

New Zealand’s agricultural sector is reporting an increasingly rosy view of the future, with 87% of the nation’s farmers expecting economic conditions to either improve or remain stable. ...

(PREMIUM) New Zealand had a relatively dry month, with a three-month outlook for generally normal conditions, says Rabobank in its latest Australian and New Zealand Agribusiness Review. ...

Since the recession unfolded, and the measures used to ease the pain over the last 2 years have emerged, the drivers of the gold price have tended to vary. ...

(PREMIUM) New Aussie Prime Minister Julia Gillard heard the political tom-toms beating outback and moved rapidly after her selection to high office to amend the proposed resources super-tax that looked like driving Australia’s growth curve ...

World wheat prices have staged an impressive rally during July, says Rabobank. Production setbacks in the Northern Hemisphere have sent prices to their highest level in over 12 months in the US. ...

In this week’s Headliner, Nuplex posts a record profit, EBOS Group has a top year, changes to depreciation tax rules has skewed the June reporting season, Fletchers says “worst is over” and Port of Tauranga ...

KIPT counting on consumer confidence, Freightways’ dip, building consents have FBU on track, Opus tracks the pace of the markets and is there a value shift for Widespread Energy? This plus much more in this ...

Inside this issue of The Headliner, DNZ lines up as the second IPO of the year, Salvus eyes improving trend, Smiths City deserves greater recognition from the market and a strong platform for the Pharmacy ...

Kupe makes a $700m upgrade to reserves, EBOS Group rates a nod from Craigs, here’s the reality check for global equity markets and the impact of BP’s Gulf of Mexico mess on BHP Billiton, plus ...

In this issue of The Headliner: GPG needs to rebuild the faith, why's Sky City at a discount, SCF must rely on the aces it has left, an insight into the Kingfish portfolio, and Gibbs ...

New Zealand shares ended slightly higher on Thursday, with the NZX-50 ending up 0.2%, or 5.38 points, at 3082.48, reports First NZ Capital ...

New Zealand shares ended higher Wednesday, mirroring regional gains brought about by positive economic data from China and Australia, says First NZ Capital. ...

New Zealand shares ended flat Tuesday, outperforming offshore markets although many investors stayed on the sidelines due to volatility, says First NZ Capital this morning. “The NZX-50 ended down one point at 3036.10. Pyne Gould ...

The New Zealand stock exchange closed sharply higher on Monday following gains on Wall Street on Friday, reports First NZ Capital. ...

Another very busy reporting season has come to an end, with the exception of a few listed retailers in early September, says Forsyth Barr. ...