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Sharemarket News


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.

AFT posts loss that meets estimates in maiden result as Australian sales overtake NZ
25 May, 10:20am
AFT Pharmaceuticals, the Auckland-based drug developer, posted a $8.9 million operating loss for the year to March 31, its first result since listing on the NZX and ASX last December, and in line with analyst expectations... More »

Fellet unmoved by media company 'for-sale' signs as Sky TV mulls capital options
25 May, 10:10am
Sky Network Television chief John Fellet says he's been offered just about every media asset in Australasia but hasn't been tempted even though analysts estimate the pay-TV company could have $400 million of surplus funds... More »

Comvita to beef up honey supply in new joint venture
25 May, 10:00am
New Zealand manuka honey products maker Comvita is linking up with Blenheim-based apiary operator Putake Group to form a South Island-based honey business to meet global demand for manuka honey... More »

Serko targets profitability in 2018 after increased revenue misses guidance
25 May, 9:40am
Serko, the online travel booking company, expects to become profitable in 2018 after missing its downgraded guidance for operating revenue in its latest year... More »

FMA boss Everett gives regulator a pass mark as establishment phase nears end
25 May, 9:05am
Financial Markets Authority chief executive Rob Everett is giving the market watchdog a pass mark as it nears the end of its establishment phase and starts taking a closer look at ensuring firms' conduct is up to scratch... More »

Kiwifruit industry in sweet spot with record grower returns, Zespri says
25 May, 8:50am
The 2015/2016 season for kiwifruit marketer Zespri has been a record-breaker on several fronts – biggest total grower return, highest Green fruit return per hectare, and record sales volumes for both Green and SunGold kiwifruit... More »

NZ dollar gains as investors weigh up Fonterra's opening forecast for 2017 season
25 May, 8:45am
The New Zealand dollar gained as investors weighed up the outlook for Fonterra Cooperative Group's opening milk price forecast for 2017 in what's expected to be an improvement on the current season... More »

While you were sleeping: US housing shows strength
25 May, 6:20am
Equities on both sides of the Atlantic moved higher, as did the US dollar, as investors warmed to the idea that the US Federal Reserve might raise interest rates as early as June, while Toll Brothers’ earnings and new home sales exceeded estimates... More »

Powerco posts 1.6% gain in full-year earnings on customer growth
24 May, 6:30pm
Powerco, which supplies electricity and gas to 436,000 homes in the central and southern North Island, posted a 1.6 percent gain in pretax earnings, which it says was driven by strong customer growth and higher electricity volumes... More »

MARKET CLOSE: NZ shares drop, Tower and Air NZ fall, Kathmandu gains
24 May, 6:00pm
New Zealand shares fell as Tower tumbled after reporting a wider full-year loss and Air New Zealand dropped to an 18-month low while Kathmandu Holdings recovered on optimism a cold snap across the country will boost sales of winter clothing... More »

NZ dollar drops as June rate-cut bets fade, RBA to stick with inflation target
24 May, 5:25pm
The New Zealand dollar fell on speculation the Reserve Bank will refrain from cutting interest rates in June while comments from Australia's central bank that it will retain its inflation targets dragged the kiwi down with the Aussie dollar... More »

Green Cross acquisitions drive 18% lift in annual profit
24 May, 4:35pm
Green Cross Health lifted annual profit 18 percent as the primary healthcare group added to its pharmacy chain and expanded into community nursing and medical services... More »

New report forecasts a shortfall of 26 hotels in next decade, above what's already being built
24 May, 4:00pm
An estimated 26 hotels above what is currently being planned and built will be needed over the next decade to meet expected tourism demand in New Zealand’s five major tourist centres, according to New Zealand Trade & Enterprise research... More »

Murray Horn resigns second board, Spark, on health grounds
24 May, 3:30pm
Murray Horn has resigned from the board of New Zealand's biggest telecommunications company, Spark New Zealand, due to illness... More »

Pyne Gould finally lodges 2015 annual report
24 May, 3:15pm
Pyne Gould Corp, whose NZX-listed shares have been suspended from trading since October, has lodged its 2015 annual report after a lengthy delay which has been blamed on switching auditors... More »

UPDATE: Tower shares sink to two-month low as investors question ability to compete
24 May, 12:30pm
Tower shares dropped to a two-month low after the general insurer posted a wider first-half loss and flat gross written premium income, raising questions about its ability to compete with larger rivals... More »

Vista expects 20-30% annual revenue growth, signals dividends
24 May, 12:25pm
Vista International Group shareholders have been told to expect 20 percent to 30 percent revenue growth again this financial year and the start of dividend payments after the movie industry software company spent north of $10 million on new acquisitions... More »

PFI seeks boost for directors' fee pool, appoints Susan Peterson to board
24 May, 10:59am
Property For Industry, the listed industrial property investor, wants to boost its pool for directors' fees by almost a third to give members a pay rise and allow for professional director Susan Peterson to join the company... More »

Tower first-half loss widens as insurer takes $19.6M charge for IT system with 'limitations'
24 May, 9:25am
Tower posted a wider first-half loss after writing down the value of its information technology system, which it says is weighing on its ambitions and needs improving... More »

Vista Group's Vista Entertainment, Movio sign deal with Ster-Kinekor in Africa
24 May, 8:55am
Vista Group International, named PwC Hi-Tech company of the year at New Zealand's annual Hi-Tech Awards, has inked its first deal to provide its cinema software to theatres in Africa... More »

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