Devon Funds Management Market Update

Devon Head of Retail Greg Smith talks to Mike Hosking about what to expect from the Fed meeting given the recent banking crisis, and also the Bank of England as UK inflation surprisingly increased last month. Back home he looks at why numbers from KMD Brands gave investors the ‘warm fuzzys’. He also chats about the story of a big global bank which has been somewhat surprised to find that US$1.3 million of nickel it had stored in warehouses in London was actually bags of stones on closer inspection.

Devon Head of Retail Greg Smith talks to Mike Hosking about the latest developments in the Credit Suisse crisis, with the bank set to be acquired by Swiss rival UBS. Back home he discusses the announcement of the long overdue project to build a new domestic terminal at Auckland Airport. It will make for a more fit for purpose terminal, but the $3.9 billion price tag has not been particularly well received by some airlines.

Devon Head of Retail Greg Smith talks to Mike Hosking about the collapse of tech lender SVB in the US, and what this means for the local banking sector. Also up for discussion are the implications of the latest US jobs report for the Fed's next move on rates, as well as the All Birds' share price, which has had it wings clipped even further following a weaker than expected quarterly result.

For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to Mike Hosking about the surge in Volkswagen shares, driven by an upbeat update and forecast. He also discusses the big hiring plans at Qantas and what to make of China's growth forecasts for this year.

For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to Mike Hosking about strong results from aged care operator Summerset and Port of Tauranga. He also discusses the latest comments from billionaire Warren Buffett and why one of the world’s most renowned investors is so upbeat about the outlook for markets.

For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to Mike Hosking about the reasons for very different reactions to results from three big travel names. The numbers from Auckland Airport were well received, while those from Air New Zealand saw a muted response. Across the Tasman Qantas shares sold off heavily, despite also going back into the black in comprehensive fashion.

For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to Mike Hosking about the market’s reaction to the RBNZ’s 0.5% rate hike. On the results front he discusses contrasting reactions to numbers from Spark New Zealand and EBOS.

For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds' Head of Retail Greg Smith talks about Europe’s recovery and mentions the weather impacts on hydro inflows for Contact, as well as some of their upcoming projects. Then onto market figures.

For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds’ Head of Retail Greg Smith talks to Mike Hosking about how the UK has avoided a recession and why Adidas shares have been on the back foot. Back home he discusses a surprising rebound in retail card spending in January, and after Adrian Orr had instructed kiwis to tighten their belts.

Devon Head of Retail Greg Smith talks to ZB’s Tim Dower about the rise in US markets following a stronger than expected GDP print for the world’s largest economy. He also looks at why Tesla’s stock price is driving higher on the EV maker’s results. Back home he touches on updates from two gentailers, with Mercury NZ’s appropriately themed ‘WET, WET, WET.’

For more market insights and for our terms and conditions, visit www.devonfunds.co.nz