Monday, 20 February 2017

Markets

  • Young Vit Leadership Week kicks off in Martinborough

    14:27 | 20/2/17
    Scoop
    Every two years, the last two winners of the Bayer Young Viticulturist of the Year competition embark on an amazing week meeting some of New Zealand’s top wine industry leaders as well as those from other industry sectors. It is a fantastic opportunity ... more»
  • NZ services sector sees growth in January

    14:18 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, rose last month to a near-record, with ongoing strength in wholesale, retail and hospitality. more»
  • NZ Steel returns to profit in first half

    14:17 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - A cost reduction drive, higher global steel prices, and synergies between recently acquired Pacific Steel and the New Zealand Steel plant at Glenbrook have seen a strong return to operating profit for Australian steelmaker ... more»
Major Indices
 
 
 
 
NZX Top 5 by Value
CodeNameLastVolumeChange
ATMA2 Corp Limited2.4803,720,9130.0301.20%
IAGFBIAG 15/06/2043 5.15% Insurance Australia97.30196,0000.300.31%
AIAAuckland International Airport6.910410,7110.1201.77%
MCYMercury NZ Limited3.010820,9110.0451.52%
TILORDINARY2.300157,6660.1506.12%
 
Recent News
  • Kiwibank first-half profit falls 13% on funding

    14:16 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - Kiwibank Banking Group, the state-owned lender, posted a 13 percent drop in first-half profit as the costs of funding, infrastructure investment and the Kaikoura earthquake weighed on earnings. more»
  • Japanese Yen Declines After Trade Figures Miss Expectations

    14:14 | 20/2/17
    DailyFX
    The Japanese Yen fell against the US Dollar as trade balance figures missed expectations. The data showed the nation's trade balance for January was -¥1086.9b versus -¥625.9b expected and ¥640.4b recorded in December. more»
  • NZ producer input, output prices still lifted by milk prices

    14:14 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - New Zealand producer input and output prices rose in the fourth quarter once again lifted largely by rising milk prices.  more»
  • Freightways 1H profit rises 22%

    14:12 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - Freightways posted a 22 percent gain in first-half profit, driven by growth in its express package & business mail division, which made up for a drop in earnings from information management. more»
  • It’s time to support the employers of tomorrow

    14:04 | 20/2/17
    Scoop
    Facebook was started in a dorm room and has since revolutionised the way people communicate and stay in touch. It has created numerous jobs and changed the online environment to become what we know today. But Facebook isn’t the only ‘students in business’ ... more»
  • Simpson Grierson expands health and safety services

    13:58 | 20/2/17
    Scoop
    Fiona Carney has joined Simpson Grierson as a senior consultant in its fast-growing health and safety advisory business.  more»
  • Analysts debunk poor valuations of developers

    13:57 | 20/2/17
    China Daily
    Despite an overhang from further government restrictions, some property stocks "are just way too cheap," said Alan Jin, a property analyst at Mizuho Securities Asia Ltd in Hong Kong, who has upgraded China Overseas Land & Investment Ltd and Guangzhou R ... more»
  • British Pound Under Pressure As Inflation Begins To Bite Consumers

    13:47 | 20/2/17
    DailyFX
    A host of data has failed to inspire, and the British Pound ended the week down against both the US Dollar and the Euro after failing to capitalize on the political woes facing both the Greenback and the European single currency. more»
  • Cyber risk remains a key focus for directors

    13:46 | 20/2/17
    Scoop
    Directors perceive cyber-attacks to be the biggest threat to New Zealand businesses in 2017, with 79% of those surveyed rating the impact on their organisations strategic growth, operational efficiency and legal/ contractual compliance as medium or high. more»
  • Euro struggles as French political concerns take toll

    13:43 | 20/2/17
    Reuters
    TOKYO The euro struggled for traction against the dollar and yen early on Monday after suffering significant losses at the end of last week on renewed concerns about the upcoming French elections. more»
  • NZ roundwood log prices jump to a record

    13:40 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - Strong domestic building activity combined with buoyant horticulture and viticulture industries has pushed up the price of roundwood logs to a record. more»
  • Another Light Economic Calendar Has Euro Following Global Risk Trends

    13:36 | 20/2/17
    DailyFX
    Despite the onslaught of headlines last week, the dull economic calendar and lack of significant drivers left the Euro mostly lifeless against its major counterparts, gaining no more than +0.38% (EUR/GBP) or losing more than -0.59% (EUR/JPY). more»
  • The Sunoco LP (SUN) Decreased to “Hold” at the Vetr Inc.

    13:14 | 20/2/17
    DailyQuint
    Vetr lowered shares of Sunoco LP (NYSE:SUN) from a buy rating to a hold rating in a research note published on Wednesday morning. more»
  • The Australian dollar is lower

    13:14 | 20/2/17
    NEWS.com.au
    At 0635 AEDT on Monday, the Australian dollar was worth 76.72 US cents, down from 77.09 US cents on Friday. The Aussie's rally has run out of steam and appears in need of consolidation inside a 76.00-77.00 US cent range said Westpac's Imre Speizer. more»
  • NZ Post 1H profit drops 19% on reduced Kiwibank contribution

    13:05 | 20/2/17
    Scoop
    Feb. 20 (BusinessDesk) - New Zealand Post's first-half profit dropped 19 percent after the sale of almost half its stake in Kiwibank reduced income and as revenue from traditional postal services continued to decline. more»
Global Indices
CodeLastChange
NZ507,10170.10%
COMP5,839240.41%
DJI20,62440.02%
SP5002,35140.17%
DAX11,75700.00%
FTSE7,300220.30%
NI22519,2351130.58%
TWI77.270.130.17%
Currencies
CodeLastChange
EURUSD1.0610.0000.01%
NZDUSD0.71730.00070.10%
AUDUSD0.76610.00010.01%
NZDAUD0.93560.00090.10%