Forsyth Barr

Brokerage Forsyth Barr has downgraded forecasts for nine of the 19 companies which have posted their full-year financial results in recent weeks, updating its earnings per share forecasts.

Forsyth Barr is staying with its buy recommendations for shares in both Contact Energy and TrustPower, despite about $413 million being wiped off the combined value of the two electricity companies.

Broker Forsyth Barr has released an iPhone app that lets investors keep track of recommendations generated by the company's research department.

Forsyth Barr has downgraded The Warehouse shares to reduce following the retailer's acquisition this week of the Noel Leeming Group for $65 million.

The acquisition of Farmside by TeamTalk appears to add value to TeamTalk in its own right, plus it has a strong growth story to tell, Forsyth Barr broker Haley Van Leeuwen says.

Forsyth Barr broker Peter Young expects to keep a positive investment view of SkyCity Casinos despite the company yesterday indicating a sluggish start to the first half of the financial year.

Forsyth Barr deputy chairman Michael Sidey came face-to-face this week with some personal history - the return to the sharebroking firm of a desk belonging to his godfather Robert Forsyth Barr.

Auckland International Airport (AIA) is expected to be a major beneficiary of the Rugby World Cup later this year and the results are expected to flow on to the 2012 financial year.

Investors returned to sharemarkets last month with most indices showing positive monthly returns.

Southern broking house Forsyth Barr's lead management role in failed Credit Sails bonds is being investigated by the Commerce Commission.