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Recap episodes
- Nvidia’s earnings beat expectations; Auckland International Airport’s passenger numbers plummet; Origin Energy’s multi-billion dollar loss.
Auckland International Airport (AIA) makes a full-year underlying loss for the first time in its history, as international passenger volumes fall 93%; Australian power and gas supplier Origin Energy (ORG) reports a multi-billion dollar loss; Nvidia’s (NVDA) second quarter earnings beat analysts’ expectations.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Zoe Wallis, chief economist for Deloitte NZ on the OCR and what it means
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
14 min - Spark’s drop in profit; Fletcher Building turns around last year’s loss; BHP and Woodside Petroleum in talks to merge.
Telecommunications company Spark New Zealand (SPK) reports a drop in full-year profit, citing border closures; Construction and building materials company Fletcher Building (FBU) beats guidance, turning last year’s loss into a profit this year; Australia’s BHP Group (BHP) and Woodside Petroleum (WPL) in talks to “create the largest energy company listed on the ASX.”
Also today, the Reserve Bank of New Zealand announced it’s keeping the Official Cash Rate flat at 0.25%. Tomorrow on Sharesies’ Lunch Money, we’ll unpack this announcement further with Zoe Wallis, Chief Economist at Deloitte New Zealand. You can either register to watch live here, subscribe to the podcast version or watch on YouTube later that afternoon.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
12 min - Mercury’s dry year contributes to a fall in profit; Pfizer and BioNTech seek approval for a Covid-19 booster shot; PGG Wrightson’s growth in line with guidance.
Rural services company PGG Wrightson (PGW) reports growth in its full-year results in line with earlier guidance. A dry year for electricity generator-retailer Mercury (MCY) contributes to a fall in profit. Pfizer (PFE) and BioNTech (BNTX) submit data to the US Food and Drug Administration, seeking approval for a Covid-19 booster shot for the US general population.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
10 min - Contact Energy records almost 50% increase in profit; Peloton users say they were taken for a ride; a new CEO and merger for Plexure
Contact Energy (CEN) records an almost 50% increase in profit. Plexure Group (PX1) enters into a binding agreement to acquire transaction management firm TASK. Peloton Interactive (PTON) is facing a lawsuit from disgruntled subscribers who say they were overcharged.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
12 min - Casual Friday: Air NZ pushes back capital raise plans; Amazon pulls Lord of the Rings from NZ; The FMA accuses a CEO of market manipulation
Air New Zealand’s (AIR) pushes back capital raise plans due to an uncertain outlook. Amazon (AMZN) pulls Lord of the Rings filming from New Zealand and moves it to the UK. The Financial Markets Authority (FMA) accuses New Talisman Gold Mines’ (NTL) CEO of manipulating the market.
14 min - NIO aims to deliver new car models next year; Contact and Genesis strike a renewable electricity deal; Duolingo’s first earnings results since going public
NIO Inc (NIO) releases its Q2 results, and announces it's aiming to deliver three new car models in 2022. Contact (CEN) and Genesis (GNE) announce a renewable electricity agreement. Duolingo (DUOL) reports its first earnings announcement since listing on the NASDAQ stock exchange last month.
What's an ADR?
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
11 min - Commonwealth Bank’s billion dollar share buyback; Trustpower unveils a new name; ikeGPS successfully raises $19.2M
Commonwealth Bank of Australia (CBA) announces a record share buyback alongside its financial results. Trustpower (TPW) unveils a new name, pending the sale of its retail business to Mercury (MCY). ikeGPS (IKE) successfully raises NZ$19.2M so far for its future plans.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
11 min - Laybuy partners with big UK retailer; National Australia Bank and Citigroup enter into a deal; Q1 results for James Hardie see growth
Laybuy (LBY) announces it’s signed on more UK businesses, and has now partnered with more than 10,000 merchants worldwide. James Hardie's (JHX) Q1 financials see growth in sales and a revised profit forecast. National Australia Bank (NAB) has entered into an agreement to acquire Citigroup’s (C) Australian consumer business.
Laybuy co-founder Gary Rohloff on Lunch Money
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
11 min - A new Nasdaq rule to change boards of Tesla, Facebook and Netflix et al.; Suncorp’s shares buyback; ikeGPS to raise capital via share placement
Suncorp (SUN) releases its annual results for the year ended 30 June 2021. ikeGPS Group (IKE) requests a trading halt to complete a share placement. The Securities and Exchange Commission (SEC) in the US has approved a proposal to increase board diversity of companies listed on the Nasdaq.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
13 min - Casual Friday: what’s the future of Refining NZ’s Marsden Point?; Briscoes talks sales (obviously); feast on Beyond Meat’s Q2 results
Refining NZ’s (NZR) shareholders have had their say on the future of the Marsden Point Refinery and by extension the future of NZ’s fuel and petrol supply. Briscoes (BGP) releases its sales reports. Beyond Meat (BYND) has its second quarter results at the ready.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
13 min
About Recap
From the publisher's feed
Rethink financial news. Monday through Friday, we recap the events shaping the share markets across New Zealand, Australia, and the US. De-jargoned and delivered in 10(ish) minutes.
Made for you, by Sharesies.
www.sharesies.com
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.