Devon Funds Management Market Update

Devon Head of Retail Greg Smith talks to Mike Hosking about the very strong start to the holiday shopping season globally with Black Friday sales hitting a record. Back home Kiwi shoppers are more cautious, which was confirmed by a decline in September quarter retail sales. Also up for discussion are improvements in UK consumer confidence and German business morale.

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Devon Head of Retail Greg Smith talks to Mike Hosking about what drove a massive jump in Gap’s shares after the retailer’s result. He also discusses some good news in Europe where inflation is below 3% for the first time in more than two

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Devon Head of Retail Greg Smith talks to Mike Hosking about the corporate ‘cyber bullies’ causing issues in the US and Australia, along with the latest developments in the weight loss drug space. Back home he looks at the implications of a somewhat downbeat print for the NZ manufacturing sector. 

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Devon Head of Retail Greg Smith talks to Mike Hosking about the positive investor reaction to Mainfreight’s results despite a big fall in revenues and profits. He also reviews results from Disney, with the theme parks and Disney+ clear highlights. Also on the discussion table are numbers from NAB, which showed a big contribution from the BNZ which recorded a record annual profit.

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Devon Head of Retail Greg Smith talks to Mike Hosking about a flurry of announcements from the US gaming sector. Closer to home, he also discusses a surge in James Hardie's share price. He also touches on a fall in business inflation expectations in New Zealand.

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Devon Head of Retail Greg Smith talks to Mike Hosking about the positively received full-year numbers from Westpac. He also discusses why Mainfreight has fallen sharply ahead of its results. On the agenda as well is a look at Berkshire Hathaway’s record cash pile. 

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Devon Head of Retail Greg Smith talks to Mike Hosking about why markets reacted so positively to a soft US jobs report. Also up for discussion is Apple which delivered an earnings beat, but was cautious on the outlook. Staying with the telco theme, he also covers off what Spark had to say at its AGM.

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Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the surge in the share prices of Amazon and Intel, after both tech titans delivered better than expected results and an upbeat outlook. He also looks at what to make of the latest US inflation print ahead of the Fed meeting this week. Back home he discusses a couple of welcome positive updates from Fletchers and Sky City at their respective annual meetings.

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Devon Head of Retail Greg Smith talks to Mike Hosking about why investors tuned into Spotify in a big way following results from the audio streaming giant. He also discusses stronger-than-expected earnings reports from several old economy stocks, including Coca-Cola. Back home, he discusses why EBOS has cause for cheer despite losing a contract with Chemist Warehouse.

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Devon Head of Retail Greg Smith talks to Mike Hosking about why oil major Chevron has announced the biggest acquisition in its history. Also up for discussion are a big pharmaceutical deal in Europe where another Healthcare name has beaten on expectations for revenues and earnings. Greg also looks at what may be driving the latest investigation by China into a foreign tech company and of the country's largest employers.  

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