Recap

The Plexure (PX1) capital raise to fund its acquisition of TASK meets its first milestone. The semiconductor shortage causes more problems for Tesla (TSLA) pushing back the delivery of its new, apparently floating, sports car. The increase in online shopping sees Walmart (WMT) on a major tech and recruitment drive to improve fulfillment.

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Sustainable footwear maker Allbirds is planning to list on the NASDAQ stock exchange. Zoom’s (ZM) share price falls as its pandemic-driven growth slows down. Forbidden Foods (FFF) inks two year deal to distribute baby food in China.

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The dominance of Apple (AAPL) and Google (GOOGL) is potentially threatened by looming legal reform in South Korea. WWE (WWE) lands a superslam of a deal with Fox (FOX), but a competitor is waiting, brandishing a fold up-chair. After a record year of profit, Harvey Norman (HVN) reveals it’s paid back Australian Government wage subsidies .

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Rua Bioscience (RUA) and Cannasouth (CBD) post their full and half year financials. BWX Ltd (BWX) buys a majority stake in Zoë Foster Blake’s skincare brand for $89m. Fortescue Metals Group (FMG) returns record profits and an increased dividend for its shareholders.

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We’re joined by Sharesies’ Head of Finance Erin Moriarty who checks back in with Rocket Lab (RKLB) after the space company went public earlier this week. Hand sanitiser company Zoono Group (ZNO) is hit by Covid stockpiling. Gap Inc.’s (GPS) bottom line is helped as more and more stores reopen and a new acquisition is announced.

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Air New Zealand (AIR) full-year results reflect the reality of the pandemic and border restrictions, although domestic travel rebounds. Qantas Airways (QAN) makes a AU$2.3 billion loss in trading conditions its CEO describes as “diabolical.” a2 Milk Company’s (ATM) profit plummets in what has been a “challenging year” of uncertainty and volatility.

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Sky Network Television (SKT) beats its own profit guidance in its latest financials, and expects to grow revenues for the first time since 2016. Buy Now Pay Later companies Afterpay (APT) and Zip (Z1P) both record losses in the hunt for new business. In the same week as Rocket Lab’s (RKLB) stock market debut, another space company announces its plans to go public.

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Seek (SEK), the online employment marketplace provider, turns last year’s pandemic affected loss into a profit. NZME (NZM) releases its half year financials, also announcing it’s selling GrabOne and paying dividends again. Pfizer (PFE) announces a multi-billion dollar deal to acquire cancer drug developer Trillium Therapeutics (TRIL).

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Rocket Lab’s officially going public on the NASDAQ stock exchange, after Vector Acquisition Corporation (VACQ) shareholders voted in approval of its merger. Sonic Healthcare (SHL) reports a increase in net profit due to its role in processing PCR tests. Z Energy (ZEL) receives a takeover offer from Australian fuel retailer and distributor, Ampol (ALD).

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Westpac Banking Corporation’s (WBC) plans for peer-to-peer payments through its Red Bird Ventures subsidiary. The Reserve Bank of New Zealand kept the Official Cash Rate at 0.25% on Wednesday due to Covid-19 lockdowns. Three former Netflix (NFLX) employees have been charged with participating in a multi million dollar insider trading scheme.