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AGP Executive Report

Last update: 2 hours ago

Market Rally: The NZX 50 surged 2.2% to a record high as a global rally followed the US Democrats’ midterm sweep. Exporters including Fisher & Paykel Healthcare, Fonterra and A2 Milk led gains, while Westpac and ANZ lagged. BNZ Results: Bank of New Zealand’s annual profit fell 23% to $1.16 billion, or 6% excluding a software-accounting adjustment. Bad-loan charges and costs rose, and margins narrowed, though BNZ gained home-loan share for a fourth year. Jobs and Housing: Unemployment reached 5.7% in the September quarter, its highest since 2015, while home values fell 2.3% over the year to October. Buyers remain in a strong position as listings build. Infrastructure: Watercare is seeking contractors for two Auckland wastewater schemes worth about $500 million, part of a decade-long $15.2 billion water and wastewater investment programme.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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6 hours ago

Top 10 casting polyurethane prepolymer companies to watch in 2026

AGP

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Nov. 4, 2026

Auckland mayor joins global city leaders at Ningbo forum

AGP

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Nov. 4, 2026

Visionair Media pushes story-led corporate video across Australia and New Zealand

AGP

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15 hours ago

AoFrio marks 40 years as it expands from motors to connected coolers

AGP


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TIN200 2026: New Zealand’s tech exports hit a new high – but why are the industry’s official stats so much lower?

TIN200 2026: New Zealand’s tech exports hit a new high – but why are the industry’s official stats so much lower?

Neoen, Frontier Energy and Lightyears secure financing for solar-plus-storage in Australia and New Zealand

Neoen, Frontier Energy and Lightyears secure financing for solar-plus-storage in Australia and New Zealand

Korea, Singapore, New Zealand discuss progress of green economy partnership talks

Korea, Singapore, New Zealand discuss progress of green economy partnership talks

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New Zealand Prepares for General Election as Voters Weigh Key Issues

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SAB BIO Reports Q3 2026 Financial Results and Provides Business Highlights

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