Sharemarket News

Devon Funds Morning Note - 11 April 2025
11 Apr, 2:13pm
A day after the one of the biggest rallies in history, the US indices reverted to do the downside on Thursday, giving back some of the gains from the previous session. Trump did not rule out extending the 90-day pause as deals were being negotiated with t... More »

Why are bond yields soaring??
10 Apr, 8:40am
It's strange enough for bond yields to rise during a market panic. It's even stranger when they start spiking like they are right now... More »

Devon Funds Morning Note - 09 April 2025
9 Apr, 1:19pm
Investors initially bought the dip on Tuesday, with the S&P500 leaping over 3% early in the session. However, the rebound could not be sustained, with the indices falling into the close, weighed by the technology sector... More »

SUM - SALES OF OCCUPATION RIGHTS
8 Apr, 12:47pm
Summerset Group reported 290 sales for the quarter ending 31 March 2025, comprising 132 new sales and 158 resales... More »

MLN - NZX ADVISER FIRM HANDLING FEE ON MARLIN GLOBAL WARRANTS
4 Apr, 11:39am
Marlin Global Limited (“Marlin” or “the Company”) would like to advise NZX Adviser Firms that it offers a brokerage handling fee in respect of the exercise of Marlin warrants (“MLNWG”)... More »

THL - Preliminary Response to US Tariff Announcement
4 Apr, 11:09am
In response to a number of inbound inquiries, Tourism Holdings Limited (thl) acknowledges the new tariffs recently announced by the United States... More »

CDC Independent Valuation
4 Apr, 11:00am
As a result of the transaction announcement in February, the primary valuation methodology applied by the independent valuer at 31 March 2025 was adjusted from a Discounted Cash Flow (‘DCF’) approach to a Historical Transaction approach... More »

FPH - New US tariffs announced today
3 Apr, 1:27pm
Today the United States announced new tariffs on products manufactured outside the US, including a 10% tariff on products manufactured in New Zealand... More »

MCK - Senior Management change - Vice President Operations
3 Apr, 11:15am
Millennium & Copthorne Hotels New Zealand Limited (NZX: MCK) advises that Mr Ken Orr will be stepping down as Vice President Operations, due to a family relocation. The company is currently in discussions with Mr Orr regarding other opportunities with... More »

Synlait confident future milk supply secured
3 Apr, 11:13am
Synlait Milk Limited’s (Synlait) strategic workstream to secure its future milk supply has passed a major milestone, with the significant majority of the cease notices issued to the company now withdrawn... More »

WBC - Westpac appoints new Chief People Officer
2 Apr, 2:04pm
Westpac has announced the appointment of Kate Dee to the position of Chief People Officer, reporting directly to CEO Anthony Miller... More »

Devon Funds Morning Note - 02 April 2025
2 Apr, 12:45pm
The US indices were mixed in choppy trade as investors readied for details on Donald Trump’s tariff policy rollout on Wednesday. The White House confirmed that the tariffs once announced, will go into effect immediately... More »

Devon Funds Morning Note - 01 April 2025
1 Apr, 12:29pm
The S&P500 turned around during the session on Monday as investors prepped for more clarity on Donald Trump’s “reciprocal” tariff plan, which will be unveiled at the White House Rose Garden on Wednesday... More »

My Food Bag - Market Update: FY25 Return to Growth
1 Apr, 10:45am
My Food Bag Group Limited (MFB) provides this brief update in the interests of keeping the market informed of trading performance following the conclusion of the financial year ending 31 March 2025 (FY25)... More »

Devon Funds Morning Note - 31 March 2025
31 Mar, 2:51pm
The US indices sold off on Friday amid ongoing concern over how US trade policies are evolving and the impact to the economy. Consumers are already forming an opinion. ... More »

CEN - Manawa transaction update
31 Mar, 12:48pm
Contact Energy Limited (Contact) acknowledges confirmation from the New Zealand Commerce Commission that it has extended the date on which it will issue its clearance decision on the company’s proposal to acquire Manawa Energy Limited... More »

FCG - Appointment of Chair-elect for Mainland Group
31 Mar, 10:49am
Fonterra Co-operative Group Ltd today announces the appointment of Elizabeth (Liz) Coutts ONZM as Chair-elect of Mainland Group, the proposed divestment entity of Fonterra’s global Consumer business... More »

BAI - Appointment of independent directors and personnel changes
31 Mar, 10:33am
Being AI Limited (NZX:BAI) advises the appointment of Michael Stiassny, Greg Cross and Steve Phillips as independent, non-executive directors effective today, 31 March 2025... More »

SKT - Sky secures long-term partnership for Six Nations
28 Mar, 1:44pm
Sky has today announced that it will be the exclusive New Zealand broadcast partner of Six Nations and Gallagher Premiership Rugby for the next eight years... More »

CDI FY2024 Annual Report
28 Mar, 12:44pm
For the period ended 31 December 2024 CDL Investments New Zealand Limited (“CDI”) recorded a profit after tax of $15.4 million for 2024 (2023: $13.5 million). Our overall net profit before tax reflected significant improvements in our operatio... More »