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PM Ardern confirms above 18K state homes to be built by 2024; Will it end NZ’s housing crisis?
Economy

PM Ardern confirms above 18K state homes to be built by 2024; Will it end NZ’s housing crisis?

Prime Minister Jacinda Ardern has affirmed the Labour Government’s promise to build more state homes as the waiting list for them grows to around 22,500 people. A total of 8,000 new homes were promised by Labour during its campaign in the le...

Kiwi Chris Liddell withdraws from race to head OECD after landing into controversies
World News

Kiwi Chris Liddell withdraws from race to head OECD after landing into controversies

Expat New Zealander Chris Liddell backed out of the race to head the Organisation for Economic Co-operation and Development (OECD). Lidell, who was a former US President Donald Trump’s nominee, had announced on Tuesday that he was withdrawing h...

  • January 21, 2021 07:18 PM AEDT
  • Team Kalkine
A win-win situation for both, Argosy’s DRP to help shareholders and the Company
Stock Market

A win-win situation for both, Argosy’s DRP to help shareholders and the Company

Summary ARG offers 3,124,262 ordinary shares under dividend investment plan. The issue price will be NZ$1.4921 per security at a discount of 3%. The dividend reinvestment plan to help shareholders as well as ARG. Argosy Property Limited (...

  • January 21, 2021 08:38 PM NZDT
  • Team Kalkine
NZX 50 Ended in Green as Fall in Consumer Non-Cyclicals Was Offset By Rise in Utilities
Market Updates

NZX 50 Ended in Green as Fall in Consumer Non-Cyclicals Was Offset By Rise in Utilities

On January 21, 2021, NZX 50 ended the session in green as there was a rise of 0.66% to 13,112 and NZX 20 increased by 0.70% to 8,601. On the same day, NZX 10 witnessed a rise of 0.61% to 13,314. Utilties sector rose by 2.67% and industrials sector in...

  • January 21, 2021 08:05 PM NZDT
  • Team Kalkine
NZX50 listed Retirement Village stocks to be considered in 2021 - Arvida, Summerset, Radius
Healthcare Stocks

NZX50 listed Retirement Village stocks to be considered in 2021 - Arvida, Summerset, Radius

Summary Arvida is optimistic that it can deliver and sell more than 450 retirement units in the next two years. In order to kick off its expansion plans across the ditch, Summerset hopes to begin construction in Victoria, Australia, in late 202...

New Zealand reports increasing cases of UK and South Africa strains of COVID-19
World News

New Zealand reports increasing cases of UK and South Africa strains of COVID-19

It has been reported that cases of the new strain of the COVID-19 virus are increasing. As on 21 January 2021, 17 infected people have been confirmed to be suffering from highly contagious strain of the virus and have been kept in isolation since 6...

  • January 21, 2021 03:38 PM AEDT
  • Team Kalkine
Biden signs order for US to rejoin Paris climate accord
World News

Biden signs order for US to rejoin Paris climate accord

Hours after taking oath as the President of the United States on Wednesday, Joe Biden announced that the US will rejoin the Paris climate agreement. In one of his first actions in the White House, Biden signed an executive order that will see the U...

  • January 21, 2021 03:16 PM AEDT
  • Team Kalkine
Doug Bygrave replaces Bastion Von Streit as CFO of T&G Global
Stock Market

Doug Bygrave replaces Bastion Von Streit as CFO of T&G Global

Summary Doug Bygrave to be the new CFO of T&G Global Limited. Doug has been an old hand in the Company and replaces Bastion Von Streit. Doug is currently the Company Secretary, and Bastion leaves to join BayWa AG, the German partners of T&...

  • January 21, 2021 03:55 PM NZDT
  • Team Kalkine
Mercury NZ (NZX:MCY) new executive structure to come into effect from next month
Stock Market

Mercury NZ (NZX:MCY) new executive structure to come into effect from next month

Summary Mercury NZ recently announced changes and additions in its executive structure. While a few roles were added and a few dismissed, there are currently 7 executive roles that will report directly to the CEO. The changes made are said to ...

  • January 21, 2021 03:35 PM NZDT
  • Team Kalkine
Kingfish (NZX:KFL) outperformed S&P NZX50G by 13% in CY20
Financial Stocks

Kingfish (NZX:KFL) outperformed S&P NZX50G by 13% in CY20

Summary The latest Kingfish Newsletter revealed findings for the quarter from 1st of October to 31st of December 2020. It was revealed that Kingfish grew by 28% for the calendar year 2020, besides, it rose 13% above NZSE50. Kingfish also manag...

Contact Energy's (NZX:CEN) December 2020 results show company sailing through hard times
Stock Market

Contact Energy's (NZX:CEN) December 2020 results show company sailing through hard times

Contact Energy Limited (NZX:CEN, ASX:CEN) , the 2nd largest energy company in NZ, has been resilient through the coronavirus lockdown. The second half of FY20 has been in line with expectations despite COVID-19 impact, after a challenging first half ...

  • January 21, 2021 12:39 PM AEDT
  • Team Kalkine
Trump a no-show as Biden swears in as US president
World News

Trump a no-show as Biden swears in as US president

Democrat Joe Biden was sworn in as the 46th President of the United States on Wednesday, taking over reins from outgoing President Donald Trump. Biden, 78, is the oldest president in US history. Earlier, Biden had served as Vice President under for...

How the star of Ascension (NZX: ACE) descended, and why its stocks rose
Stock Market

How the star of Ascension (NZX: ACE) descended, and why its stocks rose

Wellington-based Ascension Capital Ltd (NZX: ACE) is an investment holding company, which was called TRS Investments earlier. It has been a loss-making company since 2019. Without adequate working capital, the Company has been in a difficult territor...

Alibaba (NYSE:BABA) Stocks Surge As Jack Ma Resurfaces After 3 Months
World News

Alibaba (NYSE:BABA) Stocks Surge As Jack Ma Resurfaces After 3 Months

Chinese business magnate Jack Ma finally reappeared in the public eye on Wednesday, January 19, after months of speculation about him missing since slamming the Chinese government back in October. A clip* of Mr Ma delivering a speech at the online...

  • January 21, 2021 01:43 AM AEDT
  • Team Kalkine
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