New NZX data suggests that several companies have been hit hard by Cyclone Gabrielle.

Fletcher Building has claimed adverse weather conditions will likely affect their year-end profits, and Vulcan Steel, and Steel & Tube have reported a reduction in orders due to Cyclone Gabrielle.

Horticulture companies such as Scales and Mr Apple are also losing stock due to floods damaging orchards and fields, but it's too early to determine the extent of the damage.

Milford Asset Management's Jeremy Hutton says this burst of extreme weather will likely negatively impact the Reserve Bank's decision when it comes to next week's OCR decision. 

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New NZX data suggests that several companies have been hit hard by Cyclone Gabrielle.
Fletcher Building has claimed adverse weather conditions will likely affect their year-end profits, and Vulcan Steel, and Steel &amp; Tube have reported a reduction in orders due to Cyclone Gabrielle.
Horticulture companies such as Scales and Mr Apple are also losing stock due to floods damaging orchards and fields, but it's too early to determine the extent of the damage.
Milford Asset Management's Jeremy Hutton says this burst of extreme weather will likely negatively impact the Reserve Bank's decision when it comes to next week's OCR decision. 
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.