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Morningstar Afternoon Research Update Wed, Feb 20, 2013

Thursday, 21 February 2013, 11:28 am
Press Release: Morningstar

20-Feb-2013

Special Announcements
There were no Announcements for today.

Research Updates (9)

	Special Reports (0)
	There were no special reports published today.

	Funds (0)
	There were no research reports published today.

	Shares (9)
/	Arrium (ARI)		Sell
/	Fletcher Building (FBU)		Reduce
/	Fletcher Building (FBU-NZ)		Reduce
/	News Corp (NWS)	/	Hold
/	Precinct Properties New Zealand (PCT-NZ)		Hold
/	SEEK (SEK)		Reduce
/	SMS Management and Tech (SMX)		Accumulate
/	Suncorp Group (SUN)		Hold
/	Seven West Media (SWM)		Hold

	ETFs (0)
	There were no research reports published today.

	Fixed Income (0)
	There were no research reports published today.

Australian Market Report

Wednesday 20 February – Local share markets managed to edge higher again to close out the day’s trading at another five-year high despite weakness in the materials sector. Spurred on by investor enthusiasm in the US markets, investors homed in on local earnings releases, heartened by positive results from Woodside Petroleum and Toll Holdings. Among the sectors, consumer staples, energy, and financials led the way forward, while materials and telcos struggled.

The All Ordinaries gained 14.00 points (0.27%) to 5,115.00 while the S&P/ASX 200 rose 16.80 points (0.33%) to 5,098.70. .. Read More

	Australian Equities (20-Feb-2013 / Close)	Close	Change	% Change
/	All Ordinaries	5115	14	0.27
/	S&P/ASX 200	5099	17	0.33
/	10-year Bond Rate	3.56	--	0.14
/	90 Day Bank Accepted Bills SFE-Day	2.94	0.03	1.03

/	3-yr Bond Rate	2.91	0.01	0.34

	Currency (20-Feb-2013 / Close)	Close	Change	% Change
/	$A vs $US	1.0361	-0.0015	-0.14
/	$A vs GBP	0.6710	-0.0004	-0.06
/	$A vs YEN	96.59	0.35	0.36
/	$A vs EUR	0.7723	0.0001	0.01
/	$A vs $NZ	1.2315	-0.0095	-0.77

ENDS

Business Headlines | Sci-Tech Headlines

BUSINESS, SCIENCE & TECH > >

GDP: Chch Rebuild And Drought Lead To Modest Economic Growth

Gross domestic product (GDP) rose 0.3 percent in the March 2013 quarter, with the Canterbury rebuild and the 2013 drought having offsetting effects... This modest growth in economic activity follows a rise of 1.5 percent in the December 2012 quarter. More>>

ALSO:

Scoop Business - NZ economy grows at half expected pace in 1Q on drought
NZ Govt - Growth continues despite drought

Biosecurity: Farmers Respond To An Animal Part Found In PKE

Federated Farmers considers the proposed improvements to the biosecurity of Palm Kernel Expeller (PKE) cannot come soon enough. It also comes on the same day an exotic animal body part was confirmed to have found in PKE on a Bay of Plenty farm. More>>

ALSO:

Ministry For Primary Industries - Palm Kernel Expeller import rules to be tightened
Labour - May take an elephant before risk taken seriously - Minister finally acts on PKE import risks
NZ First - Animal Limb Find Highlights Biosecurity Weakness
Out-Link - From the Farm: Animal parts - Yahoo! Finance New Zealand

Metservice: Where Will Snow Fall And What To Look Out For

Wednesday: The deep Antarctic air that is expected to sweep across the country this week is bringing very significant weather to many provinces.Here's the official MetService view of the key weather concerns for the country... More>>

ALSO:

MetService - Winter storm still on track
Image Out-Link - 3 day Rain Forecast - Weather Radar Imagery, Rain Forecasts and more from MetService.com
Civil Defence - Civil defence information about snow and other storms
Unison Networks - Unison Advises Customers to Prepare for Power Outages
Orion NZ Limited - Orion Prepares For Stormy Weather In Canterbury
NZ Police - Weather blast may pose hazard for drivers
NZ Red Cross - Red Cross Prepares for Severe Weather Conditions
Christchurch City Council - Council advises to leave out your wheelie bins - Banks Peninsula should conserve water during bad weather - Council ready to assist throughout bad weather
Otago Regional Council - Otago flood conditions update 1700 19/6/13 - Otago people urged to be prepared for snowstorm
Canterbury Civil Defence - Be prepared for hazardous winter conditions
Dunedin City Council - First the Rain, Then the Snow?
Canterbury DHB - Canterbury Health System - Snow Update 1

The Remarkables - 'Best snow conditions in years
The Civilian Out-Link - Snow Watch 2013

Sky Loses To Coliseum Bid: TVNZ Scores Free TV Rights For English Premier League

TVNZ has confirmed it is partnering with Coliseum Sports Media to bring TV coverage of football’s Barclays Premier League to Kiwi sports fans. TV ONE will present a match of the week game every Sunday from the start of the season. The channel will also broadcast an hour long highlights show on Monday nights. More>>

ALSO:

Out-Link - The future: be careful what you wish for • Hard News • Public Address

Company Fails To Provide Records: Initial Action Over $4-An-Hour Wage Claims

The Ministry of Business, Innovation and Employment has filed action with the Employment Relations Authority (ERA) in Auckland against an Auckland restaurant chain following complaints that workers are being paid less than $4-an-hour. More>>

Greens: Fonterra To Avoid Drilling-Waste Farms

Fonterra has released information to Radio New Zealand detailing costs of $80,000 a year to test milk from a few farms which have been used as sites for drilling waste from the oil and gas industry and it announced a policy not to collect milk from any new land farms. More>>

ALSO:

Climate Justice Taranaki - "Good on Fonterra"
Audio Out-Link - Radio NZ : Fonterra to stop taking milk from some farms

Earlier:

Greens - Fonterra should suspend milk from oil and fracking land
Organic NZ - Toxic Fracking Waste Entering Food Supply?
Federated Farmers - Taranaki political opportunism appals farmers

Beer: Tuatara Set To Grow With New Investor

In a sale sealed over ale, Tuatara Brewing Company has announced it has sold a 35 percent stake in the business to a Wellington-based investment company. Rangatira Limited paid an undisclosed sum for its share which will see Tuatara are look to increase exports to the United States and boost production volume. More>>

ALSO:

Scoop Business - Rangatira buys 35% stake in Tuatara Brewing
Tuatara Brewery - Tuatara Gains Cornerstone Shareholder - Rangatira Limited

Stat! New Statistics NZ Chief Executive Appointed

State Services Commissioner, Iain Rennie, today announced the appointment of Liz MacPherson to the position of Chief Executive of Statistics New Zealand and Government Statistician. Ms MacPherson is currently Deputy Chief Executive, Strategy and Governance at the Ministry of Business Innovation and Employment (MBIE). More>>