Sharemarket News

TRA - Turners updates earnings guidance
19 Mar, 11:08am
Turners Automotive Group Limited (NZX/ASX: TRA) today upgrades earnings guidance for the year ending 31 March 2026, reflecting stronger-than-expected trading performance across all core parts of the business... More »

MCY - Mercury opens $220m geothermal expansion
17 Mar, 12:54pm
Mercury has taken another step to boost New Zealand’s renewable energy supply, officially opening the new fifth generation unit at its Ngā Tamariki Geothermal Station near Taupō... More »

PYS - PaySauce undertakes Minimum Holding buyback
17 Mar, 11:10am
Please see attached a Capital Change Notice detailing PaySauce Limited’s (PaySauce) acquisition of its ordinary shares (Shares) pursuant to the minimum holding notice released to the market on 15 December 2025 (Buyback)... More »

Meridian Energy monthly operating report for February 2026
16 Mar, 12:45pm
Meridian Energy Limited has released its monthly operating report for the month of February 2026 (attached)... More »

MCY - Mercury considers Green Bond offer
16 Mar, 11:09am
Mercury NZ Limited (Mercury) is considering making an offer of up to $200 million (with the ability to accept up to an additional $50 million of oversubscriptions at Mercury’s discretion) of 7 year unsecured, unsubordinated... More »

Metro Performance Glass FY26 Market Update
13 Mar, 3:50pm
Metro Performance Glass enters the next phase of its turnaround having navigated one of the most challenging periods in its recent history. A prolonged and continuing downturn in the New Zealand and latterly Australian construction market... More »

Devon Funds Morning Note - 13 March 2026
13 Mar, 1:48pm
US equities are trading weaker as oil surged above US$100 per barrel on comments from President Trump saying that preventing Iran from acquiring nuclear weapons was a higher priority than oil prices... More »

Devon Funds Morning Note - 12 March 2026
12 Mar, 2:31pm
US equities are mixed overnight, with the S&P 500 down 0.1%, the Nasdaq up 0.1% while the Dow Jones slipped 0.6%. Stocks and Treasuries are easing as the market balances the near-term relief from crude with the evolving conflict in the Middle East... More »

TCM - Financial Model
12 Mar, 9:51am
Tāiko Critical Minerals [TCM] Financial Model Report - strong operating margins, sustained free cash flow generation, and attractive return metrics... More »

BRM - Scheme of Arrangement Update - NZ Commerce Commission
12 Mar, 9:48am
On 2 October 2025 Bremworth Limited ("Bremworth") (NZX Code: BRW) announced it had entered into a scheme implementation agreement ("SIA") with Floorscape Limited ("Floorscape")... More »

Devon Funds Morning Note - 11 March 2026
11 Mar, 1:15pm
US stocks have drifted lower overnight as investors remain on a tightrope of caution amid the continuing conflict and recent swings in oil prices. The S&P 500 slipped 0.2% the Dow edged down 0.1%... More »

BGP - Full Year Results to 25 January 2026
11 Mar, 12:58pm
The directors of Briscoe Group Limited announce a net profit after tax (NPAT) of $59.2 million for the year ending 25 January 2026, compared to $60.6 million reported for the previous year... More »

BRM - Scheme of Arrangement Update - NZ Commerce Commission
11 Mar, 10:09am
On 2 October 2025 Bremworth Limited ("Bremworth") (NZX Code: BRW) announced it had entered into a scheme implementation agreement ("SIA") with Floorscape Limited ("Floorscape")... More »

The oil shock
10 Mar, 11:29am
Up like a rocket, down like a feather. That $55 a barrel oil price we saw in December is now ancient history. ... More »

Air New Zealand suspends FY2026 guidance
10 Mar, 11:09am
Due to unprecedented volatility in global jet fuel markets following the recent escalation of conflict in the Middle East, Air New Zealand is suspending its earnings guidance... More »

FSF - Mainland Group sale unconditional
9 Mar, 1:15pm
Fonterra Co-operative Group Ltd has today confirmed that the agreement to sell its global consumer and associated businesses, Mainland Group to Lactalis for $4.22 billion is now unconditional... More »

TRU - Study Confirms Superiority of TruScreen+hr-HPV co-testing
9 Mar, 10:40am
TruScreen Group Limited (NZX/ASX: TRU) (“TruScreen” or “the Company”), a global leader in AI enabled cervical cancer screening, advises that an independent clinical study comparing TruScreen with Thinprep cytology test (TCT)... More »

PEB - First Triage Plus Tests Ordered from Townsville
5 Mar, 10:20am
DUNEDIN, New Zealand – Cancer diagnostics company Pacific Edge (NZX, ASX: PEB) announces today that after 11 referrals for Cxbladder were sent to patients last week, the first Triage Plus test has now been ordered by Townsville University Hospital... More »

Devon Funds Morning Note - 04 March 2026
4 Mar, 11:36am
US equities remain under pressure, with the S&P 500, Nasdaq, and Dow all trading lower as the conflict in the Middle East escalates and energy prices surge. The S&P 500 is down 0.9%, the Nasdaq is off 1.0%... More »

Genesis Energy announces opening of Rights Offer
4 Mar, 9:53am
Genesis Energy Limited (“Genesis”) is pleased to announce the opening of its underwritten 1 for 7.9 pro rata renounceable rights offer (“Rights Offer”) to raise approximately NZ$300 million... More »