#MorningReport - Wall Street hit another record high as below-forecast inflation boosted expectations of a rate cut. Europe and London cheered easing tensions between economic powerhouses the US and China, and similar sentiment appeared to carry through... ow.ly/wYiy50WETZQ

#EBOSGroup - FY25 Preview—Transitioning With Strength. We forecast $EBO to exceed consensus earnings expectations when it reports on Wednesday, 27 August. While EBITDA will be down versus the prior year, it should be near or above the top end of its... ow.ly/rXQk50WEUe6

#SparkNZ - The First Spark. $SPK has announced the sale of a ~75% stake in its data centre assets (DC Co). It will receive ~NZ$485m in cash proceeds on settlement, with potential for a further NZ$100m tied to DC Co’s development success. ow.ly/nMOb50WEUgl

#BuildingSector - Ready-Mix Concrete—2Q Blues. After a stable start to the year, ready-mix concrete production (RMC) fell in the June 2025 quarter, with volumes -6% below the March quarter (on a seasonally adjusted basis) and -10% on the prior year. ow.ly/RWtS50WEUkG

#SkyCity - Regulatory Clouds Clearing Above Adelaide. $SKC's Adelaide casino has been found suitable to hold its South Australian casino licence. This was the key finding of the independent review by Hon Brian Martin (Mr Martin), which was publicly... ow.ly/JgHp50WEUnr

#VulcanSteel - At the Trough. While expectations of a cyclical recovery continue to be pushed out, the downgrade cycle has largely run its course. We believe 2H25 volumes (per trading day) increased sequentially for the first time in four years, albeit... ow.ly/2zuL50WEUum

#MorningReport - Investors are increasingly confident that the Federal Reserve will deliver a quarter‑point interest rate cut in September, as cooling inflation, easing underlying price pressures, and weak job data fuel expectations. This triggered a... ow.ly/ecH050WFCnO

#ikeGPS - AMPed for What’s Next. IKE’s oversubscribed and upsized share purchase plan (SPP) builds on July’s institutional placement, further enhancing balance sheet flexibility. While near-term cash use is likely to increase due to the accelerated... ow.ly/Kq9C50WFEzK

#SparkNZ - FY25 Preview—Looking for the Next Spark. $SPK will report what is likely to be a messy FY25 result on Wednesday, 20 August. The company has been in a downgrade cycle for 18 months, driven by a combination of cyclical, structural, and... ow.ly/ZGOC50WFEBB

#VitalHealthcare - FY25 Result—Passing Its Annual Check Up. $VHP reported an FY25 result slightly below our expectations. Guidance was for flat distributions but with a lower payout ratio, suggesting earnings will grow in FY26 for the first time in... ow.ly/r5mC50WFEEm

#NapierPort - Running a Tight Ship. $NPH reported a robust 3Q25 result, with strong earnings growth driven by pricing gains, effective cost management, and operating leverage. Management continues to expect FY25 EBITDA to be at the top of its full-year... ow.ly/RlJm50WFEFu

#MorningReport - Markets slid after surprisingly strong wholesale inflation data trimmed rate-cut expectations. Meanwhile, signs of a softer labour market tempered the outlook, keeping hopes alive for a modest easing in monetary policy. Elsewhere... ow.ly/s7Nl50WGkEi

#WealthManagement—Asset Allocation, Balancing the Mix. Market calm has returned after a tumultuous couple of months driven by US fiscal headlines. Investor sentiment has also turned more upbeat, with markets pricing in a stronger backdrop. ow.ly/NGWy50WGkPy

#VistaGroup - 1H25—Costs Recut, Payments in Production. $VGL's 1H25 result was broadly in line with our expectations. Revenue rose +11% to NZ$77m, underpinned by increased Vista Cloud adoption, stronger client GTV, and a modest FX tailwind. EBITDA... ow.ly/WVX150WGkS3

#NZX - 1H25 Preview—Low Tracking Error. $NZX should report a solid 1H25 result on Friday, 22 August 2025. We expect low double-digit NPAT growth as it benefits from robust global market returns in its funds management segment, an improvement in traded... ow.ly/OREC50WGkVP

#SkyTV - FY25 Preview—Eyes on Rugby Rights. $SKT is due to report its FY25 result on Friday, 22 August. First time FY26 earnings guidance should be a step up on FY25, with the benefit of annualising 2H25 cost savings and likely lower NZ Rugby rights. ow.ly/IuMs50WGl21

#FletcherBuilding - FY25 Preview—Planning Stages. $FBU will report a messy FY25 result, muddied by NZ$320m–NZ$530m of significant items in 2H25, taking full-year significant items to NZ$513m–NZ$723m. On an underlying basis, FBU... ow.ly/TVfM50WGl5Z

#SkellerupHoldings - FY25 Preview—Industrious Growth. We expect $SKL to report a solid FY25 result on 21 August 2025. We forecast NPAT growth of +10% on the prior year, with a strong 2H25 rebound in the Industrial division. We are focused on... ow.ly/9aFF50WGl9h

#AucklandAirport - FY25 Preview—Record Altitude, Cruising Ahead. We expect $AIA to report a record FY25 underlying NPAT of NZ$307m, near the midpoint of management’s NZ$290m–NZ$320m guidance range. The regulatory uncertainty overhanging AIA has largely... ow.ly/glGh50WGlbq

#MorningReport - Strong but mixed data lifted rate cut expectations and prompted cautious investor sentiment. Geopolitical tension ahead of the US–Russia summit heightened uncertainty, though optimism in healthcare and corporate earnings limited losses. ow.ly/HARK50WHcZB