WHS, FBU, SPK: Stocks to watch out for as business confidence dips

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...

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...

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...

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 ...

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. ...

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...

Summary Rakon Limited has predicted underlying EBITDA for FY2021 ranging amid NZ$20m to NZ$22m, which is fairly higher compared to FY2020. With people working from home, worldwide, amid pandemic, 5G networks are still rolling out causing swelle...

Summary 2020 ended on a positive note for the retail sector of NZ. Retail sector witnessed a surge in retail sales values in the September quarter of 2020 after a historic fall in the June quarter. Revenues for Kathmandu Holdings surged by 72%...

The year, 2020, was a tough year for most of the businesses around the globe. Some companies were hit badly, but some managed to insulate themselves from the impact of COVID-19. Some indulged in cost-cutting measures and did not pay dividends to its ...

REITs (Real Estate Investment Trusts) across the globe were hit badly due to the economic distress caused by the COVID-19 containment measures. REITs, which owns shopping centers, were the worst hit as retail slumped during Lockdown periods. The reta...