Business www.guardianonline.co.nz
New Zealand commodity prices rose for a third month, edging closer to the record set in April, led by a jump in the price of wool to an 18-month high. The ANZ Commodity Price Index rose 0.9 per cent in September to 323.2 for an annual increase of 23 per cent. In April the index reached 333.5. Nine of the 17 commodities tracked rose last month, five fell and three were unchanged. Wool rose 13 per cent, while prices for beef, pelts and whole milk powder gained 2 per cent. Prices of apples, sheepmeat, casein and cheese rose 1 per
FH bounces back
Left – Wool prices rose 13 per cent.
BY HEATHER MCCRACKEN
get that obligation. “We have a higher standard that we have to Z Energy a ‘buy’ New Zealander Ross McEwan live by than any other bank in the Z Energy is on track to beat its has started work as head of the UK. We can find that daunting, pre-float prospectus earnings UK’s troubled Royal Bank of or we can find that aspirational.” forecasts and is rated a “buy” up Scotland with a warning to staff The bank needed to be better to $4.21 a share, says Deutsche that they have to live by “a high- at looking after its customers in Bank, a lead manager in the er standard” than any of their the next five years, he said. mid-August Z listing whose rivals. “One of the reasons I got this research is now public after a The 56-year-old is the new job is I was able to demonstrate statutory “black-out” period. chief executive of the to the board that I know Z shares closed on Tuesday at bank that received a 45 what a great business $3.81, compared with the issue billion pound governthat looks after customprice at listing on August 19 of ment bailout in 2008. He ers looks like and what it $3.50. – APNZ was previously the head does.” of its retail banking opThis came from his exMadison sold eration. perience at the CommonIn a speech to staff wealth Bank in AustralAWF Group shares rose to yesterday, posted on the ia, which “turned itself the highest in more than two bank’s website, Mr McEfrom being the worst months after New Zealand’s Ross wan said taking over the customer service busilargest provider of temporary McEwan reins of the 300-year ness to the finest cusstaff agreed to buy Madison institution was “an absotomer service business Group for as much as $36 millute thrill”. in the Australian marketplace”. lion to add recruitment of pro“I take the job on with a high RBS chairman Sir Philip fessionals to its core business of level of trepidation, slight levels Hampton said Mr McEwan was recruiting labourers. Shares in of fear, but absolute delight in “a customer banker through and AWF jumped as much as 9.2 per becoming your CEO.” through and is determined to cent to $3.20 and recently tradMr McEwan thanked his pre- transform the bank into a real ed up 2.4 per cent at $3. Madidecessor Stephen Hester for asset for the UK economy”. son had sales of more than $56 “bringing the business back from “Ross will be an outstanding million in the year ended March the brink”, but said there were leader for the bank’s employees 31, compared with AWF’s revmore challenges to face and the and customers.” enues of $131 million. AWF bank had a “special obligation” to Mr McEwan, a Massey Uniwants to bolster earnings by British taxpayers because of the versity graduate, is married with diversifying its business away bailout. two children. from its core base of “blue col“Five years ago the people of He was previously chief exlar” workers into the “white colthe UK put their hands in their ecutive of insurance and investlar” recruitment and contractpocket the government ment company AXA New Zeaing sector where Madison is the fathers Also captiondaythrough – to save us. We should never for- land Ltd. – APNZ market leader. – APNZ Sunday 1st of September.
Terry’s erry’s hot deal!
Compiled by
NEW ZEALAND SHARE MARKET
Source: NZX
NZX 50 constituents Company CODE
Buy price
A2 Corp ATM 69 148 Air NZ AIR 524 AMP AMP 3515 ANZ Banking Gr ANZ 93 Argosy Prop Tr ARG 338 Auckland Intl Apt AIA 273 Chorus CNU 534 Contact Energy CEN Diligent BM Services DIL 570 162 DNZ Prop Fund DNZ 1000 Ebos Gr EBO 365 F&P Healthcare FPH 958 Fletcher Building FBU Fonterra Sh’ders Fund FSF 704 426 Freightways FRE 101.5 Goodman Prop Tr GMT 56.5 Guinness Peat Gr GPG Hallenstein Glasson HLG 479 85 Heartland NZ HNZ 251 Infratil IFT 336 Kathmandu Hldgs KMD 110.5 Kiwi Prop Tr KIP 1150 Mainfreight MFT 310 Metlifecare MET 144 Michael Hill Intl MHI Mighty River Power MRP 228 346 Nuplex Ind NPX 80 NZ Oil & Gas NZO 125 NZX NZX 176 Oceana Gold OGC 1350 Port Tauranga POT 99 Precinct Properties PCT 131 Prop For Ind PFI 105 Pumpkin Patch PPL 282 Restaurant Brands RBD 696 Ryman Healthcare RYM 158 Skellerup SKL 589 Sky Network TV SKT 406 Sky City SKC 293 Steel & Tube STU Summerset Gr Hldgs SUM 305 230 Telecom NZ TEL 178 Tower TWR 460 Trade Me TME 704 TrustPower TPW 262 Vector VCT 136 Vital Hlth Prop Tr VHP 367 Warehouse Gr WHS 3670 Westpac Banking WBC 1885 Xero XRO
Sell price
70 150.5 535 3590 93.5 339.5 274 535 575 163 1005 367 960 706 430 102 57.5 480 86 252 339 111 1163 313 146 229 347 80.5 127 180 1365 99.5 133.5 106 285 700 159 599 407 295 306 230.5 179 463 705 264 136.5 368 3707 1900
At close of trading on Wednesday, October 2, 2013
Last Daily Volume sale move ’000s
70 150.5 524 3535 93.5 338 274 534 575 163 1005 367 959 706 430 101.5 57 480 86 252 336 110.5 1163 310 143 228 347 80 125 176 1360 99 131 105 285 699 158 599 406 295 306 230 178 463 704 264 136 367 3713 1900
+1 +1.5 +4 +60 – +3 +6 –5 – +1.5 –7 +6 +9 +3 +8 –0.5 +0.5 –2 +3 +3.5 +6 +0.5 +18 –3 – +4 – +1 –1 –6 –22 –0.5 –2 –2 – – –8 +11 +1 +2 –4 – –2 +4 +1 –2 – – +43 +3
224.71 671.71 14.85 20.3 166.91 2,003.9 640.47 288.29 14.1 267.68 64.65 598.98 1,138.7 293.75 33.6 318.29 5,000.5 9.87 150.7 1,169.1 1,246.9 402.05 18.33 187.33 0.0 1,000.1 287.66 237.17 171.93 79.97 37.22 475.49 52.15 16.87 27.29 465.26 28.49 2,993.5 2,636.0 28.89 130.61 4,392.2 279.14 899.66 57.58 94.42 349.06 53.49 106.08 40.18
NZX 50 index last 4 weeks 4800 4754 4708 4662 4616 4570
2/10
Kiwi banker sets high standards
Guardian Shares & Investments
27/9
Fulton Hogan, the privatelyheld construction firm that gets 60 per cent of revenue in Australia, reported a bounce back in full-year profit on record sales and a lack of year-earlier charges for a then-troubled highway project. Profit was $96.5 million in the year ended June 30, from $7.9 million a year earlier, the Dunedin-based company said in a statement. Sales rose about 19 per cent to an all-time high of $3.22 billion. – APNZ
cent, and sawn timber edged up 0.3 per cent to the highest level since October 2007. Aluminium fell 3 per cent to a four-year low. Butter, logs, skim milk powder and kiwifruit all fell 1 per cent. Seafood, wood pulp and venison were unchanged. Local producers didn’t necessarily feel the benefits of price gains because the tradeweighted index climbed 2 per cent in the month. That saw the ANZ NZD Commodity Price Index fall 1.1 per cent, although the index is still up 24 per cent in the year. – APNZ
20/9
Air New Zealand has been voted Australasia’s Leading Airline for the fifth year in a row at the World Travel Awards announced in Dubai yesterday. The airline’s new Koru Lounge at Christchurch airport also scooped a prize, for Australasia’s Leading Airline Lounge. Air New Zealand spokesman Calum Laming, who was in Dubai to accept the awards, said it was an honour to enjoy such success up against some of the world’s biggest airlines operating in the Australasian market. – APNZ
13
Commodity prices up in Sept
13/9
Top airline
6/9
In brief
Ashburton Guardian
Thursday, October 3, 2013
NZX 50 index
4,768.87
+25.0
+0.53%
NZX 20 index
3,734.02 +23.05 +0.62%
NZX All index
5,093.54 +28.06 +0.55%
Rises 53
Falls 25
WORLD MARKETS
S&P/ASX 200 index
5,206.8
–12.1
–0.23%
At close of trading on October 1, 2013
Dow Jones Indust.
15,191.7 +62.03 +0.41% At close of trading on October 1, 2013
FTSE 100 index
6,460.01
–2.21
–0.03%
At close of trading on October 1, 2013
Nikkei 225 index
14,170.49 –314.23 –2.17%
At close of trading on October 2, 2013
METAL PRICES
Source: interest.co.nz
Gold
London – $US/ounce
1,290.75
Silver
21.7
–35.75
–2.7%
London – $US/ounce
+0.02
+0.09%
Copper London – $US/tonne
7,219.0
–71.5
–0.98%
NZ DOLLAR
Source: BNZ As at 4pm October 2, 2013
Country
Australia Canada China Euro Fiji Great Britain Japan Samoa South Africa Thailand United States
TT buy
0.8883 0.864 5.355 0.6202 1.5654 0.5168 82.19 1.9748 8.4581 26.05 0.8358
TT sell
0.8673 0.8362 4.7073 0.5972 1.4509 0.5006 79.00 1.7065 8.152 24.82 0.8107
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