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The sharemarket news page contains the latest financial news on NZX listed companies together with global business news that impacts investors. You can also view the latest NZX announcements on the markets page. To receive finance headlines directly to your inbox, you can sign up to our free newsletter or RSS feed here.


NZ dollar heads for 0.5% weekly decline on brighter US economy, slowing local growth
29 Aug, 5:10pm
The New Zealand dollar is heading for a 0.5 percent weekly decline against the greenback as the US economy continues to gain momentum, spurring expectations for higher US rates, while the local growth outlook loses its lustre... More »

Marsden Maritime lifts annual profit 24% as Northport cargo rises, asset sales
29 Aug, 4:10pm
Marsden Maritime Holdings, formerly Northland Port Co, lifted annual profit 24 percent as a stronger result from its half-stake in Whangarei's Northport was supported by asset sales in the year... More »

Pyne Gould FY profit more than halves as asset sales end, mulls restarting dividend
29 Aug, 3:25pm
Pyne Gould Corp,  the Guernsey-based asset management firm controlled by George Kerr, more than halved its annual profit after completing its asset sale programme and is eyeing a return to paying dividends... More »

NZ business confidence declines for 6th consecutive month in August
29 Aug, 2:25pm
New Zealand firms' confidence declined for the sixth successive month in August, as the country's economic growth comes off the boil amid declining terms of trade, a strong currency and rising interest rates, according to ANZ Bank's latest Business O... More »

Woolworths' NZ supermarkets lift annual earnings 4.2% in 'subdued' conditions
29 Aug, 1:00pm
Australian supermarket chain Woolworths lifted annual earnings from its New Zealand Countdown stores 4.2 percent as it widened margins in what it called "subdued" trading conditions... More »

KiwiRail loss widens to $248M as talks on its future resume
29 Aug, 1:00pm
KiwiRail, the unprofitable government-owned rail operator, has turned a net loss of $248 million for the year to June 30, as crippling annual writedowns on the value of its assets continued, despite total investment by the government and the com... More »

Promisia widens first-half loss as it chases US expansion
29 Aug, 12:40pm
Promisia Intergrative, the listed-therapeutic health supplements company, widened its first-half loss as it looks to expand its Arthrem brand into the United States. The shares gained... More »

Kiwibank lifts FY profit 3%, eyes dividend in next three years
29 Aug, 12:10pm
Kiwibank, the state-owned lender, lifted annual profit 3 percent as it widened net interest margins, and is looking to start paying dividends to its owner in the next three years... More »

NZ building consents rise 0.1% in July, as Canterbury consents slow and Auckland picks up
29 Aug, 12:05pm
New Zealand building consents rose at a modest 0.1 percent pace in July, slower than the 3.5 percent pace in June, reflecting a drop in the number of consents issued in Canterbury and a pick up in Auckland... More »

Mercer posts annual loss on new staff hires, tough Australian conditions
29 Aug, 11:30am
Mercer Group, the stainless steel manufacturer, reported an annual loss as it hired new staff to fuel future profit growth while trading conditions in Australia remained tough... More »

Bathurst writes off full value of Buller coal project
29 Aug, 10:55am
Bathurst Resources has written off the total value of the assets covered by its Buller coal project as it hunkers down and waits for international coking coal market conditions to improve... More »

TVNZ lifts annual profit 25% on flat ad revenue, quits Igloo
29 Aug, 10:25am
Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television... More »

Delegat annual profit rises 3% as increases in volumes outweighs higher currency
29 Aug, 10:10am
Delegat Group, New Zealand's largest listed wine company, increased annual profit 3 percent as record volumes muted the impact of a stronger local currency... More »

Scales first-half profit falls on lower European apple prices, listing costs
29 Aug, 10:00am
Scales Corp, the listed fruit and vegetables logistics company, said first-half profit fell 22 percent from a year earlier, reflecting lower apple prices and the one-off costs of its NZX listing... More »

NZ Post annual profit falls 12% as Kiwibank, parcel growth offsets shrinking mail
29 Aug, 9:45am
New Zealand Post, the state-owned mail delivery service and trading bank owner, reported a 12 percent fall in annual profit as shrinking mail volumes were offset by gains in its Kiwibank and parcel businesses... More »

Pumpkin Patch takes $12 mln charge after latest round of write downs
29 Aug, 8:55am
Pumpkin Patch, which slashed its earnings forecast earlier this year, will take a $12 million charge to write down the value of stores and IT software, while posting underlying profit in line with guidance... More »

NZ dollar slips as better US economic data buoys greenback
29 Aug, 8:30am
The New Zealand dollar slipped as the US dollar edged up following better-than-expected US economic data which lifted optimism about a recovery in the world's largest economy... More »

While you were sleeping: Ukraine tension lifts bonds
29 Aug, 7:25am
Stocks fell, while US Treasuries rose, as concern about intensifying tension in Ukraine outweighed further evidence that the American economy is gathering strength... More »

NZ dollar holds gains as Aust capex beats expectations, Fonterra buoys sentiment
28 Aug, 5:20pm
The New Zealand dollar held gains today after Australian capital expenditure figures beat expectations, adding to optimism about the local economy after Fonterra Cooperative Group affirmed its forecast payout to farmers and signed up to a deal to distribu... More »

Hellaby sinks into the red on footwear writedown, sweetens dividend
28 Aug, 2:25pm
Hellaby Holdings, the diversified investment company, sank into the red in the latest financial year as it wrote down the value of its footwear unit in a flat retail market. Still, it sweetened its dividend as underlying earnings grow... More »

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