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Contrasting economic activity reports
Contrasting business activity readings in the UK and US set part of the backdrop for trading on markets overnights. Investor risk appetite has continued to recover underpinning global equities. The S&P gained more than 1% as the market looks ahead to corporate...
NZ Market Report 23.4.24
There was a sharp dip in share prices on NZX today with several leading shares shunted lower. The NZX50 ended up 49.56 points lower at 11,803.28. The NZ market had no mirrored uplift from a solid rise of 253 points on the Wall Street barometer Dow Jones index...
Westpac provides market update
23.4.24 Westpac provided a head’s up for the market this morning that reported net profit after tax in 1H24 will be reduced by A$164 million due to Notable Items. All Notable Items relate to unrealised fair value gains and losses on economic hedges and net...
Sky Network TV deal with BBC
NZX-listed Sky Network TV and BBC Studios are expanding their partnership with a multi-year wide-ranging deal that will give Sky audiences access to the best British drama content on BBC. BBC First will join the Sky channel line up from October 2024, bringing premium...
AoFrio upbeat in trading update
23.4.24 AoFrio opened the business day by proving an update on trading performance for the three months ended 31 March 2024 (Q1-2024). Revenue for Q1-2024 was $16.6m, a 13% increase compared to $14.7m for Q1-2023. EBITDA improved by $0.6m to a surplus $0.2m (loss of...
KIwi dollar flat and steady
Risk appetite is higher as Middle East tensions settle. US equities have rebounded after a weak run, the UK FTSE100 closed at a fresh closing high and commodity currencies have outperformed, notes BNZ Markets this morning. “The NZD has consolidated above the 0.59 mark...
NZX Market Report 22.4.24
Share trading caught a generally improving mood on NZX today with the NZX50 carried 56.59 points higher to 11,852.80. Australian banks share started the week firmly with ANZ rising 21c to $30.85 and Westpac up 42c at $27.92. EBOS Healthcare jumped 29c to $34.98 and...
Move to delist Just Life
22.4.24 Just Life Group have called a Special Meeting of shareholders to be held at 11:00am on Monday, 13 May to vote on resolutions proposed by JLG’s major shareholder, The Harvard Group, to delist the company from the NZX Main Board. It will be proposed that the...
Blackwell advises of director’s arrest
22.4.24 A surprise statement from Blackwell Global Holdings today advised the market that one the company’s directors, Michael Chai, was arrested in January 2024, and has been incarcerated in the Philippines on matters unrelated to the company. Blackwell Global...
Ryman Healhcare to seek new CEO
Ryman Healthcare CEO Richard Umbers has resigned his position as Group CEO and will be leaving the company. Umbers is leaving Ryman in accordance with his contractual terms. Chair Dean Hamilton is to act as Executive Chair and a search for the next Group CEO will...
Market Trends
NZ Market Report 23.4.24
There was a sharp dip in share prices on NZX today with several leading shares shunted lower. The...
NZX Market Report 22.4.24
Share trading caught a generally improving mood on NZX today with the NZX50 carried 56.59 points...
NZ Market Report 19.4.24
Equity markets are in a state of dejection, the penny having dropped that central banks by...
NZ Market Report 18.4.24
The NZ sharemarkets had a quiet trading session, culminating in a 39 points drop to 11,836.04 by...
NZ Market Report 17.4.24
Several stocks which took a hammering earlier this week, made ground today, notably Ampol...
NZ Market Report 16.4.24
The NZ sharemarket became caught up in the wave of uncertainty flowing off major...
Overseas Sharemarkets
Contrasting economic activity reports
Contrasting business activity readings in the UK and US set part of the backdrop for trading on...
KIwi dollar flat and steady
Risk appetite is higher as Middle East tensions settle. US equities have rebounded after a weak...
Kiwi dollar at fresh 2024 low
Global equity markets traded lower on Friday, but pared the worst of the losses that came amid a...
Contrasting economic activity reports
Contrasting business activity readings in the UK and US set part of the backdrop for trading on...
KIwi dollar flat and steady
Risk appetite is higher as Middle East tensions settle. US equities have rebounded after a weak...
New gas supply critical to energy security
22.4.24 9.39am Energy security remained critical for New Zealand during the energy transition of...
Kiwi dollar at fresh 2024 low
Global equity markets traded lower on Friday, but pared the worst of the losses that came amid a...
Strong US dollar caps Kiwi
Newsflow has remained light, generating modest movements in asset prices, says BNZ Markets this...
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Weekly economy and markets round-up from Westpac Chief Economist Kelly Eckhold
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