A2 Milk now a $10B company, eclipsing Fonterra

Article – BusinessDesk

A2 Milk now a $10B company, eclipsing Fonterra as investors bet on bullish By Rebecca Howard Read more »

FMA opens applications for personalised digital advice

Press Release – Financial Markets Authority

The FMA is now open for applications from providers seeking to offer personalised financial advice to consumers through digital tools and platforms (so-called robo-advice). Digital advice is automated financial advice generated by computer program using … Read more »

NZ Super Fund divests carbon investments over ‘undue risk’

Article – BusinessDesk

Feb. 21 (BusinessDesk) – The New Zealand Superannuation Fund has been divesting investments with carbon exposure as it believes the emission is currently underpriced and represents a risk for the future. Read more »

Strong nib NZ 1H and outlook leads to Group guidance update

Press Release – nib holdings

nib holdings limited (ASX: NHF) today announced that its New Zealand operations delivered strong earnings growth in the first half of fiscal 2018, with underlying operating profit (UOP) up 20.2%1 to NZ$14.2 million (AU$13.1 million). In addition, NZD premium … Read more »

NZ Super Fund’s Matt Whineray to be acting CEO

Article – BusinessDesk

Feb. 15 (BusinessDesk) – New Zealand Superannuation Fund chief investment officer Matt Whineray will take over as acting chief executive when Adrian Orr leaves to take up his new role as governor of the Reserve Bank in March. Read more »

HiFX Morning Update Feb 14

Press Release – HiFX

The NZDUSD opens at 0.7278 (mid-rate) this morning. Ahead of tonights eagerly awaited US inflation report direction for the NZD will be dictated by this afternoons RBNZ inflation expectations report. The Yen is the best performing of the G10 currencies … Read more »

No return to form for Equity Capital Markets this year

Press Release – Chapman Tripp

More vibrant equity capital markets may be on the horizon for New Zealand but not this year, Chapman Tripp says. Read more »

NZ shares drop 1.5% as Wall Street corrects

Article – BusinessDesk

Feb. 9 (BusinessDesk) – New Zealand shares dropped this morning as US markets enter correction territory, where stocks fall more than 10 percent from a peak, as the prospect of higher interest rates prompts investors to rethink their strategies. Read more »

Share offer opens for irrigators to invest

Press Release – Waimea Irrigators Limited

Waimea Irrigators Limited (WIL) has publicly released a Product Disclosure Statement for the Offer of Water Shares , which opened yesterday and is publicly available for irrigators on the Waimea Plains to consider. Read more »

NZX’s Smartshares emerging markets ETF swells by almost 50%

Article – BusinessDesk

Feb. 8 (BusinessDesk) – NZX’s Smartshares emerging markets fund has grown by almost half with an institutional investor subscribing for $28.7 million new units in the passive investment vehicle. Read more »

Xero shares upgraded to ‘buy’ at CLSA

Article – BusinessDesk

Feb. 8 (BusinessDesk) – CLSA has upgraded its rating for Xero shares to ‘buy’ as the Asian brokerage becomes more confident in the New Zealand software developer’s growth prospects in coming years. Read more »

CBL expects credit downgrade as it seeks to raise capital

Article – BusinessDesk

CBL expects credit downgrade as it seeks to raise capital after RBNZ, Irish central bank investigations Read more »

Pacific Edge shares up 3.8% on US insurance provider deal

Article – BusinessDesk

Feb. 7 (BusinessDesk) – Pacific Edge’s shares jumped despite broad-based selling on the local index today, after the cancer diagnostics company announced a deal with a US insurance provider network. Read more »

NZ shares drop 2% in early trading as US markets recover

Article – BusinessDesk

Feb. 7 (BusinessDesk) – New Zealand shares fell 2 percent as the market opened, following global sharemarkets lower, although selling was not as severe as some market watchers feared. Read more »

Sell-off? Don’t Get Carried Away Fundamentals Are Strong

Press Release – ThinkMarkets

Sell-off? Don’t Get Carried Away Fundamentals Are Strong | Bitcoin Selling At 69% Discount Read more »

Explosion In Equity Markets Or War Among Machines?

Press Release – ThinkMarkets

Call it Black Monday part 2, call it Dow behaving like Bitcoin. The fact is that the S&P500 index lost over 1 trillion during this month . Read more »

Stock market fall is a numbers game

Press Release – CMC Markets

Some basic numbers illustrate the rationale for the sharp loss in value in US stocks. Over the 4 years 2013 to 2017, the average blended forward PE valuation for the S&P 500 index was 16.1 times earnings. The average 10-year bond yield over the same period … Read more »

Infratil Market Update

Press Release – Infratil

This report outlines recent trading activities at Infratils businesses, how their growth initiatives are tracking, and salient market events. Read more »

Gold, Forex & Cryptocurrency

Press Release – ThinkMarkets

Gold, Forex & Cryptocurrency Gold Gold has bounced back up today and any losses posted during Thursday’s sessions are wiped off. However, caution is the word which everyone is focused on today ahead of the mother of all data -the US NFP number. … Read more »

NZX seeks closer ties with Hong Kong Exchange

Article – BusinessDesk

Jan. 31 (BusinessDesk) – NZX has signed a memorandum of understanding with Hong Kong Exchanges and Clearing to investigate broader regional product development, and both have one eye firmly on green finance and sustainability initiatives. Read more »

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