Ryman CEO steps down

Author

Toby Brown
April 23, 2024

Good Morning,

NZ sharemarket bounces back 0.5% on Middle East hopes, China state fund pours $41 bln into stock market in Q1, Global defence budget jumps to record high of $2440bn, Blackstone tops Concord's bid for Shakira music owner Hipgnosis, Ukraine poised to send $20 billion rework proposal to bondholders by early May, Anthony Albanese criticises X’s ‘extraordinary’ fight against removal of church stabbing posts

Let's jump in.

Before The Bell

Markets

  • NZ sharemarket bounces back 0.5% on Middle East hopes (GR)

  • Health care and bank stocks buoy ASX; Star extends decline (AFR)

  • ‘Nothing has been spared’ as US dollar rips through Asia (AFR)

  • Ukraine poised to send $20 billion rework proposal to bondholders by early May (RT)

  • Top fundies list reveals turnaround for ESG, mid-cap investors (AFR)

  • China state fund pours $41 bln into stock market in Q1 (RT)

Earnings and Data

  • ILT’s annual revenue highest-ever, profit down (Stuff)

News Summary

  • NZX-listed ex-finance company changes name as director arrested (NBR)

  • Govt not abandoning independent foreign policy (NBR)

  • Ryman CEO steps down (NBR)

  • ‘Boardroom politics’ cited as large Fonterra supplier folds (NBR)

  • Air New Zealand set to increase domestic airfares (Stuff)

  • Consumer NZ accuses popular beauty brands of greenwashing (Stuff)

  • ‘Can’t rule out a further rate hike’ (AFR)

  • Anthony Albanese criticises X’s ‘extraordinary’ fight against removal of church stabbing posts (Guardian)

  • Global defence budget jumps to record high of $2440bn (Guardian)

  • Beijing warns against flexing of ‘gunboat muscles’ as US and Philippines begin military drills (Guardian)

Deal Flow

Investments / M&A

  • It turns out APM wasn’t so ‘disappointed’ in MDP’s bid after all (AFR)

  • Telstra mulls strategic review of its massive health portfolio (AFR)

  • Blackstone tops Concord's bid for Shakira music owner Hipgnosis (RT)

Equity Raises

  • Alium Capital preps first new fund in seven years (AFR)

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