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37 results for “infrastructure”
The NZX 50 index climbed 0.9% to 13271 points on Thursday, led by an 11% surge in Gentrack and a 3% gain for Infratil. While technology and infrastructure stocks thrived on AI optimism, consumer-facing companies like SkyCity and Tourism Holdings saw declines.
The May 2026 National Top 10 Best Buys report identifies ten Australian regions, including Greater Hobart and Belmont, as prime locations for long-term capital growth based on infrastructure and demand.
Ventia Services Group has renewed a major maintenance contract with Yarra Valley Water worth A$405 million over nine years, consolidating four existing agreements into one.
CDC Data Centres has secured a landmark 555-megawatt contract in Australia, the largest in the nation's history. The 30-year agreement with a high-end US customer is expected to drive annualised EBITDAF to A$2 billion.
Prime Minister Christopher Luxon has announced a reduced $2.1 billion operating allowance for Budget 2026, down $300 million from previous estimates. The government will instead prioritise a $5.7 billion capital package to bolster infrastructure and essential services.
Napier Port Holdings Limited has approved an on-market share buyback of approximately 312,000 shares to support employee ownership plans. The move follows strong half-year results, with revenue rising to $84.9 million.
Regional Australian property values have grown by 3.3% in the last three months, more than triple the growth rate of capital cities, as Western Australia and Queensland lead a national surge.
The 2026-27 Federal Budget introduces major changes to negative gearing and capital gains tax, aiming to help 75,000 more Australians own homes while generating $3.6 billion in revenue.
BHP Group Limited (BHP.AX) has reached an all-time high of 59.78 AUD, driven by record copper prices and a 22% increase in half-year profit. While technical indicators like the RSI (14) at 70.77 suggest overbought conditions, the company's strategic pivot to future-facing commodities continues to attract investor interest.
Beach Energy Ltd (BPT.AX) faces a complex trading environment as surging global oil prices provide a catalyst against a backdrop of revised production guidance and bearish technical indicators, including an RSI of 44.03.
New Zealand's population grew by 0.8% in the year to March 2026, reaching 5,361,300. The increase was driven by a net migration gain of 24,300 and a significant slowdown in the departure of New Zealand citizens.
The 2026-27 Australian Federal Budget introduces major reforms to negative gearing and capital gains tax while providing a new $250 tax offset for workers. Treasurer Jim Chalmers aims to address housing affordability and intergenerational equity through a $31.5 billion deficit plan.
The OECD has identified structurally high electricity prices as a major barrier to New Zealand's economic growth, calling for urgent reforms to the energy market and firming capacity.
Megaport Ltd (MP1.AX) has demonstrated significant momentum following a major US$25.1 million contract win for its Latitude.sh subsidiary. Technical indicators suggest a potential trend reversal as the share price moves above key short-term moving averages despite remaining below long-term levels.
The NZX50 index rose 1.1% on Friday to close at 13,039.2, ending a two-week losing streak. While Ryman Healthcare and Fletcher Building led the rally, record-low consumer confidence and a stagnant housing market continue to signal underlying economic fragility.
Contact Energy Limited exhibits strong market performance, trading near its 52-week high at NZ$9.98. With a successful institutional block trade and solid technical indicators including a bullish MACD, the New Zealand utility provider's outlook remains highly favorable.
AustralianSuper has appointed Sarah Carney as its first Head of AI and Automation as the fund targets a 5% productivity boost and launches new digital advice tools for its 3.6 million members.
Air New Zealand is set to launch three new non-stop international routes from Christchurch to Singapore, Tokyo, and Perth starting in late 2026, supported by the return of its Boeing 787 fleet.
New Zealand Finance Minister Nicola Willis has announced a major public service overhaul targeting 8,700 job cuts and $2.4 billion in savings to fund priority areas like health and education.
A proposal to buy back the Bank of New Zealand from National Australia Bank has reignited calls for structural reform in a sector where four banks control up to 85% of the market.
Gentrack Group Limited has acquired New Zealand SaaS provider Factor for NZ$24 million to integrate machine learning-driven energy pricing into its global platform. The deal, funded by cash reserves, is expected to be EPS accretive by FY28.
The Financial Markets Authority has issued a high-risk warning for Swift Wave Global, a Ponzi-style scam linked to the collapsed BG Wealth Sharing scheme. Regulators report over $150 million in global losses associated with this fraudulent network.
An Auckland man has recovered $19,300 after falling victim to a sophisticated SIM swapping scam that targeted his ANZ bank account. The incident has prompted One NZ to implement a new 15-minute delay on SIM transfers.
Mercury NZ Limited has announced a phased $1 billion investment plan to expand its geothermal energy platform near Taupō, aiming to power 125,000 additional homes by 2030.
Regulators have issued urgent warnings to the A$4.2 trillion superannuation sector to bolster cyber resilience following historical breaches and new AI-powered threats. The move follows the 2025 credential stuffing attacks where A$500,000 was stolen from member accounts.
Commonwealth Bank reported a $2.7 billion cash profit for the March quarter 2026, a 1% decline from its first-half average as technology investments and loan provisions rose.
Metcash Ltd has upgraded its FY26 underlying NPAT forecast to between $268 million and $270 million, leading to a 10% share price surge. The upgrade follows strong performance in Food, Liquor, and Hardware divisions alongside effective cost-saving measures.
Air New Zealand (AIR.NZ) faces a challenging 2026 as surging jet fuel prices and engine maintenance issues lead to a suspension of earnings guidance. With a 'Sell' consensus and a YTD decline of -23.59%, the airline is navigating significant financial and technical headwinds.
AFT Pharmaceuticals (AFT.NZ) enters its FY26 results period with a 39.69% annual gain and record half-year revenues. Technical indicators remain bullish with the price at NZ$3.66 trading above key moving averages.
The NZX 50 index closed at 13,175 points on Friday, May 8, 2026, marking a daily decline of 0.72%. Despite the fall, the market secured a 1.7% weekly gain and remains up 4.52% over the past year.
The Albanese government will announce a A$10.7 billion fuel and fertiliser security package in the May 12 Budget, featuring a 1 billion litre fuel reserve and a A$5 billion tax relief scheme for businesses.
ASX 200 futures indicate a higher open on Wednesday following record-high closes for the S&P 500 and Nasdaq. Easing oil prices and strong technology earnings from AMD and Palantir are driving global market optimism.
Bank of New Zealand has reported a statutory net profit of $494 million for the half-year ending March 31, 2026, a 37.9 per cent decrease driven by a $253 million software accounting adjustment.
Rio Tinto (RIO.AX) is trading near 52-week highs at $171.97 following a 13% surge in Q1 iron ore production. Despite strong operational data, mixed analyst sentiment and a bearish MACD signal suggest a period of consolidation may be ahead.
Mainfreight (MFT.NZ) shares rose 3.39% to NZ$61.00 as technical indicators turn bullish ahead of the May 28 FY26 earnings release. Despite margin pressure in the first half, analysts maintain a 'Buy' consensus with a NZ$73.24 price target.
NZX Limited reported a 5% rise in Q1 2026 revenue to $32.7 million, as growth in data services and funds management offset a 72.6% drop in capital raisings.
New Zealand's annual inflation rate remained at 3.1% in the March 2026 quarter, exceeding the RBNZ’s target band and market expectations. Rising electricity and local rates continue to drive domestic costs.