Featured Articles

Strong profit gain by F&P Healthcare

Fisher & Paykel Healthcare Corporation has reported record net profit after tax of NZ$77.1m for the year ended 31 March ...

DNZ produces big profit lift

DNZ Property Fund Ltd today uncorked a champagne performance for the year ended 31 March 2013 with a 119% lift ...

Sealegs achieves profitability

Sealegs Corporation has achieved an unaudited profit for the period ending 31 March 2013 of $204,000, up $2.063m compared to ...

MARKET WEEK: The 'rock-star' economy

By WARREN HEAD [PREMIUM] It’s about time for a bi-partisan response on fiscal responsibility and recognition of how far New Zealand ...
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Geoff Ross
Ecoya Ltd’s audited result for the year ended 31 March 2013 showed an improvement in sales and earnings. ...
Snakk Media has successful SPP

Snakk Media Ltd received more than $7.5m from over 1200 investors applying to take part in its Share Purchase Plan (SPP) capital raising initiative. ...



Sanford interim result higher image

Sanford Ltd’s tax profit for the March half-year increased by 5.5% to $14.1m ($13.3m last year), after impairment charges of $1.4m largely related to assets held for sale. ...



Improved year by Ecoya image

Ecoya Ltd’s audited result for the year ended 31 March 2013 showed an improvement in sales and earnings. ...



Pan Pacific drilling plans

Pan Pacific Petroleum advised that the "Ocean General" semi submersible drilling rig is now on tow to Block 121 to drill the Whale prospect as well Ca Voi-1X in Vietnam. ...



Access granted for Bathurst Resources

The Minister of Conservation, Nick Smith, has today granted Bathurst Resources the Access Arrangement for the Escarpment Project on the Denniston Plateau, near Westport. ...



MARKET WEEK: The 'rock-star' economy image

By WARREN HEAD [PREMIUM] It’s about time for a bi-partisan response on fiscal responsibility and recognition of how far New Zealand has come in eluding economic collapse. Five years ago as the Global Financial Crisis began ...



What will Meridian's value be? image

[PREMIUM] On the back of the Mighty River Power (MRP) float last week the Government has confirmed that Meridian Energy will be next. This is the biggie of the asset sales, so what ...



Government running a tight ship image

The economy is improving and so are the Government’s books. This improvement has generated some loose change, says Westpac chief economist Dominick Stephen. However, this Government’s instincts are to run a tight ship. No wild ...



On the eve of the 2013-14 Budget image

[Premium] Budget 2013 will be released this Thursday. What do bank economists expect from Mr English’s 5th Budget? ...



RCG Retail Review: A look at Chicago image

Customers want to see the passion and authenticity of the retailer expressed in their stores, that's what successful brands do, says retail consultancy group RCG ...



World affairs centre stage image

It has been an eventful week for global markets, with Bernanke taking central stage on Wednesday and pushing shares and the dollar lower, says Steven Daghlian, CommSec Market Analyst. ...



Markets weaker on Thursday

The NZX50 index weakened 0.5% on Thursday to close at 4,589, with only eight stocks increasing in price, reports First NZ Capital. ...



Bad day on Botany Bay image

The Australian sharemarket had its worst day in two months, pushed lower by Ben Bernanke’s much anticipated testimony before congress last night, says Steven Daghlian, CommSec Market Analyst. ...



Sellers dominate on ASX image

With the exception of the first half hour of trade, sellers dominated the session on Wednesday, The news pulse in corporate and economic terms provided further encouragemen, says Tom Piotrowski, Market Analyst at ComSec in ...



Selling subsides on ASX image

The selling that marked the early part of the session subsided in the early afternoon and the ASX200 was able to finish off the lows of the day, says Tom Piotrowski Market Analyst at ComSec ...



Aussie exporters starting to flex

[PREMIUM] It has been a big week for the Australian sharemarket. ...



Delegat's having a good run image

[PREMIUM] Delegat’s Group has been one of the stronger performers on the sharemarket in the last fortnight, following announced expansion steps. ...



FBU drop viewed as 'an opportunity' image

[PREMIUM] Fletcher Building was the brunt of some selling last week, with 63c sliced off the share price after the company’s presentation at the Macquarie conference was read as partly ambivalent over the pace ...



Melbourne could accelerate Ryman's growth image

[PREMIUM] Ryman Healthcare may be heading towards an ASX listing, provided it is successful in the 'lucky country.' ...



Bathurst wait for ruling image

[PREMIUM] The all –important Escarpment appeals hearing decision is imminent and waiting for this has made investors in Bathurst Resources a bit unnerved. Sat present the share chart curve is looking a little like a ...



Swaps and bonds close higher image

Following the Bernanke-inspired moves offshore, NZ swap and bond yields closed up 2-9bps yesterday, says Kimberly Martin, BNZ markets strategist. Curves steepened. ...



Steady day on rates market image

Despite some intraday movements, NZ swap and bond yields closed little changed yesterday, says BNZ markets strategist Kymberly Martin.. ...



Yields close higher image

NZ yields closed up 5-8bps across the curve, following the offshore lead, says BNZ markets strategist Kymberly Martin ...



NZ yields close lower image

Following the lead from offshore, NZ yields closed down 1-7bps on Friday, with a flattening bias to the curve, says Kymberly Martin, markets strategist at BNZ. ...



Yields close lower image

NZ swap yields closed down 2-4bps yesterday. NZ bonds closed down 5-6bps. ...





Kiwi bounces in volatile market image

The NZD has been amongst the strongest performing currencies in a volatile and messy overnight trading session, says Mike Jones, currency markets strategist at BNZ. ...



Trade balance surplus expected image

The NZ trade balance is forecast to be NZD supportive ($515m surplus expected), says Carrick Lucas, strategist at ANZ. ...



Bernanke too hawkish for markets image

The NZD/USD has succumbed to a burst higher in the USD early this morning, sliding 1.3% to around 0.8070, says Mike Jones, BNZ currency markets strategist. ...



Mr Bernanke's testimony 'benign' but watch this space image

Activity indicators have taken an increased importance, as Bernanke reminded markets it is all about the data, says David Croy, head of markets reszearch at ANZ Bank in NZ. ...



Whippy night on currency markets image

Gyrating USD sentiment flung the NZD/USD around a 0.8120-0.8210 range overnight, says Mike Jones, currency markets strategist at BNZ. ...



Housing sales shortage in Hamilton

Lodge Real Estate in Hamilton, the city’s largest agency by volume, reported that dramatic decreases in housing stocks will soon put pressure on city house prices. ...



Taupo lodge on the market image

One of Taupo’s elite group of high-end luxury lodges has been placed on the market for sale. Chalet Eiger on the edge of Lake Taupo is a purpose-built four-bedroom lodge whose rates range up to ...



Housing market sets new highs image

The New Zealand housing market powered to a fresh set of highs in March. ...



REINZ offices on the market image

The national head office of the Real Estate Institute of New Zealand has been placed on the market for sale. The 758 square metre building in the heart of Parnell in Auckland, sits on 1813 ...



Fiddler’s Green for sale image

A founding winery label and vineyard behind the ground-breaking Integrated Wine Grape Production Scheme, now the Sustainable Winegrowing New Zealand environmental management organisation, has been placed on the market for sale. ...



Bullion market nervous

Spot gold prices went still lower in Thursday New York trading. ...



Droughts and Demand factors image

[PREMIUM] The latest Rabobank Agribusiness Monthly covers all the major agricultural sectors that are important to New Zealand and Australia as well as covering off the latest economic, retail and currency developments ...



Surge by ANZ Commodity Price Index

The ANZ Commodity Price Index surged 12.6 percent in April. The latest lift represents the largest monthly rise in the history of the series, and propels the index to a new all-time high, says ANZ ...



NZX to extend Dairy Derivatives trading hours

NZX intends to extend trading hours in Dairy Derivatives from early Q3 this year, in response to market demand. ...



Consolidation at record level

Dairy prices consolidated at record levels in Tuesday night's GlobalDairyTrade auction, as the New Zealand drought and accompanying hit to world dairy supply continue to reverberate through dairy markets, says Nathan Penny, economist at Westpac. ...




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