NZE:SML

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.Radius Residential Care (NZE:RAD): +6%, NZ$0.45Synlait Milk (NZE:SML): +5%, NZ$0.40Briscoe Group (NZE:BGP): +3%, NZ$4.40Michael Hill International (NZE:MHJ): +2%, NZ$0.43ANZ Group Holdings (NZE:ANZ): +2%, NZ$45.77Scott Technology (NZE:SCT): +2%, NZ$2.86Winton Land (NZE:WIN): +2%, NZ$1.16The Warehouse Group (NZE:WHS): +2%, NZ$0.65SkyCity Entertainment Group (NZE:SKC): +2%, NZ$0.68Kiwi Property Group (NZE:KPG): +1%, NZ$0.90

CLSA Upgrades Synlait Milk to Accumulate from Hold; Price Target is NZ$0.50

New Zealand Shares Fall; Channel Infrastructure H1 Earnings, Revenue Up

New Zealand shares fell on Friday, as investors await comments on the monetary policy by the US Federal Reserve's new chair, Kevin Warsh, later in the day.The S&P/NZX 50 Index fell 0.81% or 111.87 points to close at 13,768.18.Meanwhile, Iran and Oman had agreed on administering traffic in the Strait of Hormuz and sharing revenues, causing Brent crude oil futures to fall to around $89.On Thursday, the Nasdaq Composite jumped 1.6%, the S&P 500 rose 0.7%, and the Dow Jones climbed 0.2%.In domestic news, the ANZ-Roy Morgan Consumer Confidence index for New Zealand eased by one point in August to 98, still under par but 18 points higher than a low struck in April.The number of enterprises in New Zealand hit 601,614 in July, down from 603,549 in June, according to data by Stats NZ.New Zealand's filled jobs in July rose 0.3% in seasonally adjusted terms to 2.36 million filled jobs in all industries compared with the previous month, according to a report by Stats NZ.In corporate news, Channel Infrastructure (ASX:CHI, NZE:CHI) logged NZ$0.044 in earnings per share for the first half, compared with NZ$0.028 a year ago. For the six months ended June 30, revenue was NZ$72.9 million versus NZ$70.2 million previously.Air New Zealand (ASX:AIZ, NZE:AIR) logged NZ$0.074 in loss per share for fiscal 2026, compared with a profit of NZ$0.032 a year ago. For the 12 months ended June 30, operating revenue was NZ$7.02 billion versus NZ$6.76 billion previously.Lastly, Synlait Milk (ASX:SM1, NZE:SML) is expecting fiscal 2026 underlying net loss after tax of NZ$19 million to NZ$24 million. The company expects reported net loss after tax of AU$70 million to AU$75 million for the 12 months ended July 31.

Synlait Milk Expects Fiscal 2026 Underlying Net Loss of Up to NZ$24 Million

Synlait Milk (ASX:SM1, NZE:SML) is expecting fiscal 2026 underlying net loss after tax of NZ$19 million to NZ$24 million, according to a Friday filing with the Australian and New Zealand bourses.The company expects reported net loss after tax of AU$70 million to AU$75 million for the 12 months ended July 31.The preliminary data is subject to completion of the year end-process, which includes an external audit and impairment testing, as well as the finalization of Synlait's milk price for the 2025 to 2026 season, per the filing.The company's reported net loss after tax came in at NZ$80.6 million for the first half of fiscal 2026.

New Zealand Shares Fall; a2 Milk Co. Fiscal 2026 Underlying Earnings, Revenue Up

New Zealand shares ended lower on Monday while most Asian markets saw gains amid unsuccessful US-Iran peace talks.The S&P/NZX 50 Index fell 0.96% or 132.40 points to close at 13,721.98.On Friday, the S&P 500 fell 0.1%, the Nasdaq lost 0.3%, while the Dow Jones was down 0.2%.Shipping through the Strait of Hormuz slowed over the weekend following tanker attacks, as US-Iran negotiations to end the Middle East conflict hit an impasse, according to a Monday Reuters report, citing ship-tracking data from Kpler.In domestic news, New Zealand's services sector held on to its expansion in July after the return to growth in June, according to the BNZ BusinessNZ Performance of Services Index (PSI).Also, petrol and diesel prices in New Zealand fell 5.7% and over 12%, respectively, in July compared with the previous month, according to a Stats NZ selected price indexes report.Further, the value of New Zealand electronic card transactions in July, in seasonally adjusted terms, rose NZ$9.81 billion from last year's NZ$9.54 billion, according to a report from Stats NZ.Meanwhile, New Zealand first home buyers accounted for a record high market share of more than 28% of property purchases in the second quarter, according to a report by Trade Me Property.In corporate news, a2 Milk Co. (ASX:A2M, NZE:ATM) logged NZ$0.325 in underlying basic earnings per share for fiscal 2026, compared with NZ$0.304 a year ago.Synlait Milk (ASX:SM1, NZE:SML) noted the media reports regarding a "potential transaction" involving third parties and confirmed that it is not involved in any discussions with a2 Milk (ASX:A2M, NZE:ATM) or Fonterra (NZE:FCG) regarding the matters referred to in those reports.

Synlait Milk Denies Talks With a2 Milk, Fonterra Over 'Potential Transaction,' Shares Up Over 8%

Synlait Milk (ASX:SM1, NZE:SML) noted the media reports regarding a "potential transaction" involving third parties and confirmed that it is not involved in any discussions with a2 Milk (ASX:A2M, NZE:ATM) or Fonterra (NZE:FCG) regarding the matters referred to in those reports, according to filings with the Australian and New Zealand bourses on Monday.Synlait added that it has no further comment at this time.Its shares jumped over 8% in recent trading on the New Zealand bourse.

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Manuka Resources (NZE:MKR): -6%, NZ$0.10Santana Minerals (NZE:SMI): -5%, NZ$0.63Ventia Services Group (NZE:VNT): -4%, NZ$6.92Australian Foundation Investment (NZE:AFI): -4%, NZ$8.30Millennium & Copthorne Hotels NZ (NZE:MCK): -3%, NZ$3.10EBOS Group (NZE:EBO): -2%, NZ$21.39Tourism Holdings (NZE:THL): -2%, NZ$2.80Summerset Group (NZE:SUM): -2%, NZ$8.03The Warehouse Group (NZE:WHS): -1%, NZ$0.68Synlait Milk (NZE:SML): -1%, NZ$0.38

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.Synlait Milk (NZE:SML): +5%, NZ$0.39Winton Land (NZE:WIN): +2%, NZ$1.13Bankers Investment Trust (NZE:BIT): +2%, NZ$3.52Tourism Holdings (NZE:THL): +2%, NZ$2.91Vulcan Steel (NZE:VSL): +2%, NZ$6.68Serko (NZE:SKO): +2%, NZ$1.68T&G Global (NZE:TGG): +2%, NZ$2.25Ventia Services Group (NZE:VNT): +2%, NZ$7.37Napier Port Holdings (NZE:NPH): +2%, NZ$3.68Michael Hill International (NZE:MHJ): +1%, NZ$13.45

Synlait Milk Secures NZ$450 Million Refinancing Package, Changes Financial Year-End

Synlait Milk (ASX:SM1, NZE:SML) signed documentation for a NZ$320 million bank refinancing with a syndicate of nine banks and a replacement NZ$130 million shareholder loan from Bright Dairy International Investment, according to an Australian bourse filing on Monday after market hours.The refinancing comprises overdraft, revolving credit, and term loan facilities, subject to customary conditions, with key financial covenants relating to leverage, working capital, interest cover, shareholder funds and earnings before interest, taxes, depreciation, and amortization, per the filing.The company expects to repay the existing Bright shareholder loan and draw down the replacement loan in early July, following the completion of the refinancing, the filing said.Additionally, the company will change its financial year-end to Dec. 31 from July 31 to align with Bright Dairy, with a five-month transitional reporting period from Aug. 1 to Dec. 31 before adopting a calendar-year reporting cycle, the filing added.

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Wednesday.Synlait Milk (NZE:SML): +4%, NZ$0.43Steel & Tube Holdings (NZE:STU): +3%, NZ$0.36New Zealand King Salmon (NZE:NZK): +2%, NZ$0.23Napier Port Holdings (NZE:NPH): +2%, NZ$3.70AFT Pharmaceuticals (NZE:AFT): +2%, NZ$3.78Ventia Services Group (NZE:VNT): +2%, NZ$8.40Investore Property (NZE:IPL): +1%, NZ$1.05Channel Infrastructure NZ (NZE:CHI): +1%, NZ$3.20T&G Global (NZE:TGG): +1%, NZ$2.45Air New Zealand (NZE:AIR): +1%, NZ$0.46

Synlait Milk Advances Plans to Refinance Senior Syndicated Banking Facilities

Synlait Milk (ASX:SM1, NZE:SML) said it is progressing talks with existing and new lenders to refinance its senior syndicated bank facilities due June 30, and remains on track to complete the refinancing by that date, according to a Monday filing with the New Zealand bourse.The new senior facilities lenders require that the NZ$130 million shareholder loan provided by Bright Dairy International Investment to the company in July 2024 be replaced with a replacement Bright loan on broadly similar terms, per the filing.The company, through an independent directors' committee, has secured a new loan agreement with Bright, which has approved its participation and plans to provide the facility via the Shanghai Stock Exchange, subject to regulatory approvals and final documentation.The replacement loan maintains the same principal, remains subordinated and second-ranking secured with no financial covenants, but introduces a fixed two-year non-extendable term and a floating rate based on the bank bill benchmark rate, with pricing aligned to the weighted average margin of the senior facilities pre and post-refinancing, the filing said.The company has also provided a preliminary trading update for the four months to April 30, reporting an unaudited net loss after tax of NZ$12 million and net assets of NZ$720.8 million, mainly impacted by external headwinds concentrated in January, the filing added.

New Zealand Shares Fall; Synlait Milk CEO Resigns

New Zealand shares ended lower on Thursday despite a higher Wall Street close, followed by a broad-based rise in Asian shares.The S&P/NZX 50 Index fell 0.29% or 37.99 points to close at 13,025.07.On Wednesday, the Nasdaq Composite moved up by 1.2%, the S&P 500 gained 0.6%, while the Dow Jones Industrial Average fe 0.1%."Markets are trying to run two playbooks ⁠at once: AI and earnings [say] buy growth, but geopolitics and energy prices are quietly [rewriting] the inflation trajectory in the background," said Saxo Chief Investment Strategist Charu Chanana, as quoted by Reuters.In domestic news, New Zealand national home sales fell 7.9% year-on-year to 6,262 in April 2026, though the seasonally adjusted sales count declined a more moderate 2.1% compared to March, according to data by the Real Estate Institute of New Zealand (REINZ).In corporate news, Synlait Milk (ASX:SM1, NZE:SML) said that Chief Executive Richard Wyeth has resigned and will remain with the company until June 30 to support the transition process.Vista Group International (ASX:VGL, NZE:VGL) said that its existing client, Regal Cineworld Group, will transition its 88 Cineworld cinemas and more than 950 screens across the UK to Vista Cloud's digital enablement platform this year, following the successful migration of 25 Picturehouse Cinema sites in 2025.

Synlait Milk CEO Resigns

Synlait Milk (ASX:SM1, NZE:SML) said that Chief Executive Richard Wyeth has resigned and will remain with the company until June 30 to support the transition process, according to a Thursday filing with the Australian and New Zealand bourses.Leon Fung, a company director since June 2024, has been appointed acting CEO, effective Thursday, the filing added.

New Zealand Shares Fall; Fletcher Building Flags Ongoing Residential Review, Asset Sales Underway

New Zealand shares ended lower on Tuesday as most Asian indexes saw losses amid fresh attacks exchanged between the US and Iran over the Strait of Hormuz.The S&P/NZX 50 Index fell 0.47% or 61.98 points to close at 13,035.70.The US and Iran exchanged fresh strikes across the Gulf on Monday, vying for control of the Strait of Hormuz with rival maritime blockades and rattling an already fragile truce, according to a Monday Reuters report.Meanwhile, New Zealand signed an agreement with Singapore on Monday to keep supply chains open between the countries during times of crisis, according to a Monday Reuters report.In domestic news, the ANZ World Commodity Price Index fell 0.8% month over month in April, with dairy prices in a period of high volatility, particularly butter and anhydrous milk fat, according to a report from ANZ Research.Further, overall card spending fell 2.5% in April, but was up 4.4% compared with the same time last year, ANZ Research said in a note.In corporate news, Fletcher Building (ASX:FBU, NZE:FBU) acknowledged recent media reports about its ongoing strategic review of the residential and development division, including speculation around a potential industrial property sale, but declined to provide further comment.Synlait Milk (ASX:SM1, NZE:SML) obtained two waivers in relation to its syndicated loan facilities, as external challenges continue to strain the company's financial performance.

Synlait Milk Secures Bank Waivers Amid Ongoing Financial Headwinds

Synlait Milk (ASX:SM1, NZE:SML) obtained two waivers in relation to its syndicated loan facilities, as external challenges continue to strain the company's financial performance, according to a Tuesday filing with the New Zealand bourse.The bank lenders have agreed to waive both the quarterly minimum earnings before interest, taxes, depreciation and amortization event-of-review threshold and the interest cover ratio requirement for the period ended April 30, the filing added.

New Zealand Shares Rise; a2 Milk Co. Recalls US Infant Formula Batches After Toxin Detection

New Zealand shares ended higher on Monday as most Asian indexes saw gains amid hopes of an easing US-Iran war.The S&P/NZX 50 Index rose 0.45% or 58.48 points to close at 13,097.68.US President Donald Trump on Sunday said that the US would begin efforts Monday morning to help free ships stranded in the Strait of Hormuz, describing the move as a humanitarian step to assist neutral countries amid the US-Israeli war with Iran, according to a Sunday Reuters report.In corporate news, a2 Milk Co. (ASX:A2M, NZE:ATM) started a voluntary recall on May 1 of three batches of its a2 Platinum USA infant milk formula, following the detection of cereulide in product manufactured by Synlait Milk (ASX:SM1, NZE:SML).Air New Zealand (ASX:AIZ, NZE:AIR) group capacity rose 4.1% year on year in March, and long-haul available seat kilometers (ASKs) rose 2.5%, while domestic ASKs increased by 3.4%.

Update: a2 Milk Co. Recalls US Infant Formula Batches After Toxin Detection; Shares Hit 52-Week Low

(Updates to add stock movement in the headline and last paragraph)a2 Milk Co. (ASX:A2M, NZE:ATM) started a voluntary recall on May 1 of three batches of its a2 Platinum USA infant milk formula, following the detection of cereulide in product manufactured by Synlait Milk (ASX:SM1, NZE:SML), according to separate Monday filings with the Australian and New Zealand bourses.The product was sold only in the US via online platforms and select retailers and had already been discontinued before the recall, while all a2 Platinum products sold outside the US remain unaffected, per the filing.No illnesses have been reported, and any symptoms are typically mild and short-lived, a2 Milk said, adding that it is working with the US Food and Drug Administration and has provided guidance to US consumers who may have purchased the product.The recall reflects updated guidance from New Zealand authorities on managing cereulide risks, a2 Milk said.The companies said they do not expect the recall to impact their financial results.a2 Milk's shares plunged around 14% in Monday trading on the Australian and New Zealand exchanges, earlier hitting their lowest level since January 2025, while Synlait Milk's shares fell around 1% on both markets.

NZX Midday Sector Update: Industrial Services Stocks Rise, Consumer Non-Durables Decline

Industrial services gained the most among New Zealand sectors on Monday, advancing almost 2%.Ventia Services Group (NZE:VNT, ASX:VNT) gained nearly 2% in recent trade.Meanwhile, the consumer non-durables sector declined by almost 7%.a2 Milk Company (NZE:ATM, ASX:A2M) was down past 14% in recent trade.The company on Monday said it started a voluntary recall on May 1 of three batches of its a2 Platinum USA infant milk formula, following the detection of cereulide in product manufactured by Synlait Milk (NZE:SML, ASX:SM1).

a2 Milk Co. Recalls US Infant Formula Batches After Toxin Detection

a2 Milk Co. (ASX:A2M, NZE:ATM) started a voluntary recall on May 1 of three batches of its a2 Platinum USA infant milk formula, following the detection of cereulide in product manufactured by Synlait Milk (ASX:SM1, NZE:SML), according to separate Monday filings with the Australian and New Zealand bourses.The product was sold only in the US via online platforms and select retailers and had already been discontinued before the recall, while all a2 Platinum products sold outside the US remain unaffected, per the filing.No illnesses have been reported, and any symptoms are typically mild and short-lived, a2 Milk said, adding that it is working with the US Food and Drug Administration and has provided guidance to US consumers who may have purchased the product.The recall reflects updated guidance from New Zealand authorities on managing cereulide risks, a2 Milk said.The companies said they do not expect the recall to impact their financial results.

New Zealand Shares Rise; Synlait Milk Chief Quality Officer Resigns

New Zealand shares rose on Thursday despite a broad-based fall in Asian shares amid fears that the US may strike Iran again.The S&P/NZX 50 Index rose 1.05% or 133.01 points to close at 12,903.31.US President Donald Trump is scheduled to receive a briefing on Thursday from CENTCOM Commander Admiral Brad Cooper on new plans for possible military action against Iran, Axios reported on Thursday, citing two sources familiar with the matter.In domestic news, New Zealand's total lending edged higher in March, driven by a rise in housing and agricultural loans, even as personal consumer and business lending declined, according to data from the Reserve Bank of New Zealand.Further, business confidence in New Zealand turned negative in April, falling to minus 10.6 from 32.5 in the previous month, as inflation indicators continued to trend higher, ANZ Research said.Meanwhile, small businesses in New Zealand are pacing a slow recovery and building on the improvements seen in the second half of last year, with a 3.9% rise in sales in the March quarter, as mounting fuel shock risks remain uncertain, Xero said.In corporate news, Synlait Milk (ASX:SM1, NZE:SML) said that Chief Quality Officer Hila Mory has resigned, effective July 31.T&G Global (NZE:TGG) said it is in talks to sell its New Zealand fresh produce operations to founder J & P Turner and its Fijian and Pacific businesses to Bidfood to focus on its Apples and VentureFruit platforms.