Fisher and Paykel Healthcare feels brunt of Trump's proposed tariffs

President Donald Trump’s renewed tariff threats on his inauguration day rattled Fisher and Paykel Healthcare while the New Zealand sharemarket lacked any real direction.

The S&P/NZX 50 Index wavered between an intraday low of 13,019.23 and a high of 13,127.79 before closing at 13.052.9, down 35.41 points or 0.27%.

It was another quiet trading day, with 17.95 million shares worth $82.05m changing hands.

'Sensitive'

Trump said he was thinking of 25% tariffs on Mexico and Canada from Feb 1 because of their border policies as he signed a raft of executive ...MORE»

Jumping off the short-term interest rate bandwagon Tuesday, January 21st, 9:08AM While borrowers have flocked to floating to one year fixed term home loan rates over the past year in anticipation of interest rate cuts one mortgage broker urges his clients to think about the ramifications carefully. MORE»

Open finance momentum expected to gather pace in 2025 Monday, January 20th, 9:20AM New regulations dictating how open finance works for the banking sector could be in place by the end of the year with advisers encouraged to start thinking about how developments could change the way they do business. MORE»

Westpac's BT lifts annual net profit 10.8%

BT Funds Management (NZ), Westpac's investment arm in New Zealand, has reported a 10.8% rise in annual net profit for the year ended Sept 30, 2024.

BT Funds Management (NZ), Westpac's investment arm in New Zealand, has reported a 10.8% rise in annual net profit for the year ended Sept 30, 2024.

The net profit of $6.8 million compares with $6.1 million the previous year.

While the fund manager's interest, net fees and other income rose 13.7% to $48.1 million in the latest year, its operating expenses rose a greater14.6% to $38.6 million ...MORE»

Economists split on RBNZ OCR cut: How much will the Reserve Bank lower rates in February? Friday, January 17th, 9:01AM Debate among economists is starting to emerge on how much the RBNZ will cut the OCR at its next review on 19 February. MORE»

Retail investors seeking US exposure as confidence returns Thursday, January 16th, 9:08AM Sharesies’ latest data shows a return in retail investor confidence in the final months of 2024 with investors continuing to look for US exposure via ETF. MORE»

News Bites

New Partnership to Upskill New Zealand’s Financial Capability Workforce

A new partnership between Massey University’s Financial Education and Research Centre (Fin-Ed Centre) and the Booster Foundation aims to address gaps in New Zealand’s financial advice sector. MORE»

GoodReturns TV

[GRTV] Stronger and more unified voice needed to force KiwiSaver changes

The Retirement Commissioner Jane Wrightson talks to Philip Macalister about changes she would like to see made to KiwiSaver. MORE»

Devon Funds 2025 Predictions

While a new year is already underway, it is early days. This makes it still a timely point to wheel out the crystal ball and engage in the well-established tradition of making big-picture predictions on developments and factors that will shape markets and investment portfolios in the year ahead. MORE»

Sponsored by:

New life insurance company coming

A new life insurance company is planning to launch later this year and has already made some senior hires. MORE»

TMM Online

Jumping off the short-term interest rate bandwagon

While borrowers have flocked to floating to one year fixed term home loan rates over the past year in anticipation of interest rate cuts one mortgage broker urges his clients to think about the ramifications carefully. MORE»

Sponsored by:

Chubb Life appoints chief actuary

Harvard Business School alumnus and President of New Zealand Society of Actuaries joins Chubb Life New Zealand. MORE»

Sponsored by:

Appeal of one-stop shop helps drive Sharesies’ KiwiSaver growth

Sharesies is a recent arrival on the KiwiSaver scene but says it’s finding favour with customers who access all their investments in one place. MORE»