Gregor Thompson

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Articles

NZ stocks defy offshore trend to end stronger

1 week ago | businessdesk.co.nz | Jamie Gray |Riley Kennedy |Gregor Thompson

The New Zealand sharemarket defied bearish overseas trends to end firmly, despite two profit downgrades from leading names.The benchmark S&P/NZX 50 index ended at 12,067.92, up 56.57 points or 0.47%.There were 65 rises and 63 falls among the 41.6 million shares (worth $141.6m) traded.Global stocks had been mixed as investors digested strong bank earnings and monitored ongoing developments in the US-China trade war.Futures trading suggested the US was in for another down day after Nvidia...
NZME down 2.7% as Trump keeps markets jittery

1 week ago | businessdesk.co.nz | Gregor Thompson |Rebecca Stevenson

Investors are sitting on their hands as they continue to wade through the constant news flow from the US White House.
Ebos 'plugs key gap' with $115m NZ vet supplies acquisition

1 week ago | businessdesk.co.nz | Rebecca Stevenson |Gregor Thompson |Cameron Bagrie

Ebos' acquisition of pet medicine firm SVS plugs a key gap in its portfolio, Forsyth Barr analysts say. On Thursday night, the dual-listed animal and healthcare firm announced it would raise about $271 million and confirmed the SVS Veterinary Supplies deal.
NZX-listed companies take stock in wake of US tariff moves

3 weeks ago | businessdesk.co.nz | Ian Llewellyn |Gregor Thompson |Rebecca Howard

NZX-listed companies have taken a cautious initial stance to the impact of the United States imposing tariffs on almost all goods going into the largest global economy.New Zealand has been hit with a 10% tariff that will be imposed on all NZ goods crossing the US border.
NZ sharemaket up 0.1% despite 'volatile' markets

3 weeks ago | businessdesk.co.nz | Graham Skellern |Ian Llewellyn |Gregor Thompson |Rebecca Howard

The New Zealand sharemarket and Fisher and Paykel Healthcare had impressive turnarounds following the initial shock of US President Donald Trump’s wide-ranging reciprocal tariffs on imported goods into the US. The S&P/NZX 50 Index fell as much as 1.3% early in the day but recovered to close at 12,338.57, up 18.38 points or 0.15%.
Entain allowed a New Zealander to deposit and withdraw almost $10m without proper checks, watchdog alleges

3 weeks ago | businessdesk.co.nz | Gregor Thompson |Dileepa Fonseka |Maria Slade

A New Zealand businessman deposited and withdrew millions of dollars in betting accounts without proper checks says an Australian watchdog alleging potential money laundering.The Australian subsidiary of the offshore company operating the TAB allegedly failed to gather sufficient information about a New Zealander who deposited nearly $15 million into his sports betting accounts.
From bars to Bustle: Jonny McKenzie’s journey to hospitality tech success

3 weeks ago | businessdesk.co.nz | Rebecca Stevenson |Gregor Thompson

Hospitality tech firm Bustle is aiming to almost triple its customers by partnering with coffee roasters such as Allpress and Coffee Supreme. Bustle is an app used in retail outlets such as Daily Bread, Duck Island and Broke Boy Tacos.
NZ sharemarket up 0.3%, Tower dominates trading

3 weeks ago | businessdesk.co.nz | Graham Skellern |Rebecca Stevenson |Gregor Thompson |Rebecca Howard

The New Zealand sharemarket went against the offshore trend for a long while, but it had a late turnaround to join its regional colleagues with a welcome gain. The S&P/NZX 50 Index reached an intraday low of 12,166.47 before recovering to close at 12,312.6, up 42.6 points or 0.35%. The index has now fallen nearly 6.1% for the year. Volumes were strong with 100.3 million share transactions worth $228.73m.
NZME, Bremworth, Fletcher and Vista: shareholder activism is on the rise on the NZX

3 weeks ago | businessdesk.co.nz | Rebecca Stevenson |Gregor Thompson |Rebecca Howard |Graham Skellern

Engaged and assertive investors with an eye on value are driving increased shareholder activism – and it is benefiting the companies targeted.
First tranche of health and safety reforms exempts small businesses, more coming this week

3 weeks ago | businessdesk.co.nz | Dileepa Fonseka |Gregor Thompson |Pattrick Smellie |Ian Llewellyn

Workplace Safety Minister Brooke van Velden says the Government will make announcements around several tranches of health and safety reform this week, but a tranche she announced on Monday has already attracted the ire of professionals in the area.On Monday afternoon, van Velden announced the first round of changes to the Health and Safety at Work Act agreed to by the Cabinet, which included a “carve-out” exempting small and “low-risk” businesses from some health and safety requirements.“This...