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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.


While you were sleeping: Apple, Boeing soar
29 Jan, 7:50am
Wall Street gained, led by Boeing and Apple, as both companies reported earnings that surpassed expectations... More »

Spark director Maury Leyland to resign next month as Fonterra duties mount
28 Jan, 4:10pm
Spark New Zealand director Maury Leyland will resign from the telecommunications company's board from the end of next month as she spends more time at her day job as Fonterra Cooperative Group's head of people, culture and strategy... More »

NZ govt to spend $650M on school building upgrades, repairs in 2015
28 Jan, 4:10pm
The New Zealand government expects to spend $650 million this year upgrading and maintaining its $8.32 billion school property portfolio, and anticipates repair costs for leaky buildings largely damaged by faulty cladding will be about $90 million... More »

FMA, NZX sign MOU for market oversight, public statements
28 Jan, 2:05pm
The Financial Markets Authority and NZX, the two regulators of New Zealand’s capital markets, have signed a memorandum of understanding that sets out how they will work together, including what is said in public... More »

NZ govt to begin selldown of state housing, expand rent subsidies, Key says
28 Jan, 1:20pm
The New Zealand government plans to increase the number of income related rent subsidies by 4.8 percent over the next three years, boost the number of tenancy reviews by two thirds and sell up to 2,000 houses as part of a revamp of state provision of hous... More »

Auckland Council hires PwC's Suzanne Tindal as CFO
28 Jan, 1:10pm
Auckland Council, which has assets of almost $40 billion and annual revenue of $3.3 billion, named Suzanne Tindal as chief financial officer following the departure to Fletcher Building last year of Andrew McKenzie... More »

Cisco NZ sales creep up in 2014, sees gains on growing IT reliance
28 Jan, 11:55am
Cisco Systems New Zealand, the local unit of the global internet network group, lifted annual sales 4.3 percent in 2014, and expects to be well placed in the current year as an increasing number of firms demand greater services from web based provide... More »

UPDATE: Heartland shares jump to record as asset growth drives first-half earnings
28 Jan, 11:50am
Heartland New Zealand shares jumped to a record after the bank formed from the merger of Marac Finance and the Southern Cross and Canterbury building societies said first half profit would rise as much as 44 percent, reflecting growth in as... More »

FMA looks into VMob disclosures on share placement and global deal
28 Jan, 10:35am
The Financial Markets Authority is looking into disclosures this week by NZAX listed VMob Group relating to a $2.17 million private share placement announced shortly after a global deal with fast food chain McDonald’s... More »

Labour's Little promises to back NZ small business in drive to lower unemployment
28 Jan, 9:05am
Labour Party leader Andrew Little is targeting small business owners as a key plank in dragging down New Zealand's unemployment rate to the lowest in the developed world in his first major speech as the leader of the Opposition... More »

Heartland raises 2015 profit forecast on asset growth
28 Jan, 9:00am
Heartland New Zealand, the bank formed from the merger of Marac Finance with Southern Cross and Canterbury building societies, raised its 2015 profit forecast on better than expected asset growth... More »

NZ dollar rises after weak US data ahead of Fed interest rate decision
28 Jan, 8:35am
The New Zealand dollar rose after weaker US data raised concerns the Federal Reserve may push out plans to raise interest rates this year... More »

While you were sleeping: Microsoft, Caterpillar slump
28 Jan, 7:45am
Equities on both sides of the Atlantic slumped as disappointing corporate results including from Microsoft, Caterpillar and Siemens stoked concern about equity valuations and the impact of slow global economic growth... More »

A2 Milk Co changes requirements for NZ directors ahead of ASX listing
27 Jan, 3:45pm
Shareholders of The A2 Milk Company, the milk marketing company, have approved a new constitution which allows a reduction in the minimum number of New Zealand resident directors ahead of a planned dual listing on the ASX this quarter... More »

F&P Appliances subsidiary fined A$200k over misleading warranty claims
27 Jan, 3:45pm
Fisher & Paykel Appliances, the New Zealand whiteware manufacturer owned by China's Haier, has been fined A$200,000 in relation to marketing of extended warranties in Australia... More »

NZ lamb wool price rises to 3-year high on increased demand
27 Jan, 2:05pm
New Zealand lamb wool prices rose to a three year high last week on increased demand for the fibre from clothing manufacturers in China... More »

Anzco's Harrison to fund new Lincoln University chair in trade, global value chains
27 Jan, 2:05pm
Graeme Harrison, chairman of meat company Anzco Foods, is to fund a new professorial chair in global value chains and trade at Lincoln University, initially for a term of five years... More »

NZ export log prices rise to 9-month high in January as Chinese inventories fall
27 Jan, 11:55am
New Zealand export log prices rose to an nine month high in January as falling Chinese inventories stoked demand in the nation's largest market and local returns were bolstered by a decline in the kiwi dollar and lower shipping co... More »

Spark's long-term executive Chris Quin to leave in June
27 Jan, 9:25am
Spark New Zealand's head of home, mobile and business, Chris Quin, a 20 year veteran of the company and one time contender for the top job, will leave the telecommunications company at the end of June this year... More »

NZ dollar touches fresh 3-year low, dips below 74 US cts, ahead of RBNZ meeting
27 Jan, 8:40am
The New Zealand dollar touched a fresh three year low as traders speculate that Reserve Bank governor Graeme Wheeler will remove the prospect of higher interest rates at Thursday's official cash rate review and may signal rates are headed l... More »

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