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4 Jul 2025

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US stocks set another record and yields leap on signals the US economy is solid
The S&P 500 rose 0.8% and set an all-time high for the fourth time in five days.

US stocks rise to the brink of a record and recover nearly all their 20% springtime drop
The S&P 500 climbed 0.8% and is sitting just 0.05% below its all-time closing high, which was set in February.

Devon Funds Morning Note - 25 June 2025
US stocks surged on Tuesday while oil prices fell heavily again as investors took the view that the ceasefire between Israel and Iran will be an enduring one. After being frustrated by some initial breaches

Global shares gain and oil prices slip as markets eye the Mideast conflict, await Fed's decision
Global shares were mostly higher Wednesday and oil prices slipped as investors awaited a decision on interest rates by the Federal Reserve.

World shares are mixed and US futures jump ahead of Wall St reopening from holiday
It comes after US president Donald Trump said he would delay a threatened 50% tariff on goods from the European Union to July 9.

Asian stocks rise and oil prices slip after Treasury yields ease
Treasury yields held a bit steadier after the US House approved a bill that would cut taxes and could add trillions of dollars to debt.

Stocks waver on Wall Street and hold on to most of the gains they made earlier in the week
It comes after the US and China declared a temporary cease-fire in their trade war.

MNW - Commerce Commission clears the Contact Energy acquisition
Manawa Energy (Manawa) has been advised that the New Zealand Commerce Commission has granted Contact Energy (Contact) clearance to acquire all of the shares in Manawa under the Scheme of Arrangement (Scheme) that was announced on 11 September 2024

Global shares mixed amid investor worries after Wall Street tumble
Global shares were trading mixed Tuesday amid global scepticism about US investments and President Donald Trump’s trade war.

Stocks set new record to wrap up first half; here’s what drove markets
Midway through 2025, the S&P 500 has rebounded from months of trade tensions and economic uncertainty that had sent it deep into negative terrain.

US stocks hang near record
US stocks are hanging near their all-time high, bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil.

MNW - Senior management changes
On 18 June 2025 Manawa Energy Limited (“Manawa”) shareholders approved the proposed scheme of arrangement (the “Scheme”) whereby Contact Energy Limited (“Contact”) will acquire 100% of the shares of Manawa Energy

General Capital Dividend Reinvestment Plan
General Capital Limited (NZX: GEN) has established a Dividend Reinvestment Plan (DRP). The DRP offers shareholders the opportunity to reinvest the net proceeds of cash dividends payable on some or all of their General Capital shares into additional fully

My Food Bag shares up 8% as sales momentum shifts
Chief executive Mark Winter says demand is picking up.

NZME Takeovers Panel determination
In April 2025, the Takeovers Panel held a meeting under section 32 of the Takeovers Act 1993 to inquire into potential non-compliance with the Takeovers Code by Mr James Grenon when he acquired a total of 1,212,975 NZME shares, representing 0.646% of the

Grand Theft Auto VI release postponed to May 2026, Take-Two shares drop 6%
GTA VI will feature a female protagonist in a Miami-like Vice City.

Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief
Trump had previously said he could fire chair Jerome Powell after the Federal Reserve paused cuts to short-term interest rates.