Industrial Stocks

Mainfreight (NZX:MFT) posts HY revenue growth of 32%; shares fall

  • November 10, 2022 04:26 PM NZDT | Manika
 Mainfreight (NZX:MFT) posts HY revenue growth of 32%; shares fall

Mainfreight has reported a profit growth of 66%. The company expects the decline in sea freight rates to impact the performance of its Air and Ocean division. Mainfreight expects to release its full-year results in May 2023.

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What's panning out in Australian battery recycling space?

What's panning out in Australian battery recycling space?

Highlights The demand for lithium-ion batteries has increased significantly, driven by rising vehicle electrification and growing focus on renewable energy generation. Around 18,600 tonnes of batteries are discarded to landfill in Austr ...

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GE stock jumps 17% on plans to split into three companies

GE stock jumps 17% on plans to split into three companies

Highlights GE Electric Company (NYSE: GE) announced plans to split into three public companies, with the spin-off starting in early 2023. The Boston-based company was founded in 1892 before it became a massive business conglomerate. Th ...

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General Electric Shares Decline As Company Posts Q1’21 Loss

General Electric Shares Decline As Company Posts Q1’21 Loss

Summary Aviation and healthcare segments saw their profit decline in double digits, while loss in the power and renewable segments narrowed. The company recorded a net loss of US$2.6 billion following the sale of GE Capital Aviation Ser ...

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Countries move to ban travel from India as COVID-19 unleashes havoc

Countries move to ban travel from India as COVID-19 unleashes havoc

our next week India reported more than 250,000 cases for three days in row The countries across the globe have started to ban travel from India, as the world’s second most populous country is grappling with heavy surge in the CO ...

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Deutsche Post DHL Stops Deliveries to The UK and Ireland

Deutsche Post DHL Stops Deliveries to The UK and Ireland

Germany-based world’s largest logistics firm Deutsche Post DHL has ceased the deliveries in and out of Ireland after the flights and freight were suspended due to fears of the new coronavirus strain. Amid the growing fears of the vir ...

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If I Must Invest in Just One FTSE Stock, I Will Go for This

If I Must Invest in Just One FTSE Stock, I Will Go for This

While there are many promising stocks that an investor could choose for a good return, there are a few that have the potential that makes them the strongest contender which can create value in the future. If one has to select a single stoc ...

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UK Government’s Plan to Power Every Home with Wind Energy: Is it a Viable Move?

UK Government’s Plan to Power Every Home with Wind Energy: Is it a Viable Move?

In a speech at the Conservative Party’s virtual conference on 6 October 2020, Prime Minister Boris Johnson is all set to take a pledge to power every home in the UK with the offshore wind within a decade. The government will also ...

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