Stock Market

NZ extends COVID-19 isolation period, plus more updates

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As another week draws to the closure, let us make a quick scan of some of the latest updates attracting interests of New Zealanders. Source: © 2022 Kalkine Media® NZ stretches COVID-19 cases’ isolation period Owing to Omicron's ...

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

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 ...

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

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 ...

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

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...

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Barramundi to focus on all-weather portfolio to weather the recession storm

Barramundi to focus on all-weather portfolio to weather the recession storm

Summary Barramundi Limited gives better-than-expected results in Q2 ending December 2020. Performance due to sound investment strategies as well as a good team. For the future, BRM to focus on an all-weather portfolio, adding companies it feel...

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Here’s what Z Energy (NZX:ZEL) revealed in its 3QFY21 Report

Here’s what Z Energy (NZX:ZEL) revealed in its 3QFY21 Report

Summary In Q3FY21, the Company’s jet fuel sales have been severely impacted by the reduction in air travel, with sale volumes down by 65.4% on pcp. Strategic investment in retail stores has resulted in average-per-store revenue to go up a...

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AFI’s stocks sparkle despite company’s faded performance

AFI’s stocks sparkle despite company’s faded performance

Dual-listed Australian Foundation Investment Company Limited (NZX:AFI), which invests in Australian equities, announced its half-yearly results Wednesday. The Company, which invests in a range of sectors, including energy, telecommunications, healt...

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The Bankers Investment Trust Plc (NZX:BIT) ends FY20 on a positive note

The Bankers Investment Trust Plc (NZX:BIT) ends FY20 on a positive note

The Bankers Investment Trust Plc (NZX:BIT) achieved a positive result for the year ended 31 October 2020. The year 2020 began on a promising note with improved outlook for corporate profits and persistent low-interest rates due to bond purchases by t...

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Blackwell Global Holdings Ltd winds down finance Company operations

Blackwell Global Holdings Ltd winds down finance Company operations

Summary In a significant development, the Company has announced a major restructuring of its functions. BGI also announced the winding up of its finance. It was an ongoing challenge for BGI to raise funds. The Company will look at new options ...

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Dairy Companies Eye a Good 2021 due to their innovative strategies

Dairy Companies Eye a Good 2021 due to their innovative strategies

Summary 2020 was a good year for the dairy industry with prices of dairy products going up due to increase in demand from China and Asia. SML updated its guidance downwards but it’s confident of achieving medium to long-term objectives. ...

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Why NTL share price is on the move?

Why NTL share price is on the move?

Summary The first part of 2020 was very disruptive for NTL, but the second half saw operations picking up. The second half saw the restructuring of the Company regarding the composition of the board. The Second-stage review will focus on speci...

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