Sharemarket News

MARKET CLOSE: NZ shares at fresh high, Vector, A2 gain while Pushpay, Comvita drop
21 Aug, 5:34pm
New Zealand shares inched to a fresh record ahead of tomorrow's bumper results day, led higher by Vector and A2 Milk Co... More »

NZ dollar benefits from USD weakness after Trump complains about rate rises
21 Aug, 5:16pm
The New Zealand dollar gained as the greenback continued to be weighed down in Asian trading by complaints US President Donald Trump made about US interest rate rises... More »

FlexiGroup's NZ cards business outpaces credit growth; bad debt ticks up
21 Aug, 3:26pm
FlexiGroup's New Zealand credit card unit boosted annual profit as lending growth outpaced the nation's consumer credit expansion... More »

Tilt strategy still emerging - Mercury
21 Aug, 2:48pm
Mercury NZ needs to participate in wind development if it is to materially benefit from the shift to renewables, but says it’s too early to say how its investment in Australia’s Tilt Renewables will play out... More »

Healthscope's NZ pathology shares efficiencies with DHBs, stalling earnings growth
21 Aug, 2:42pm
Healthscope's New Zealand pathology business gave up earnings growth as it shared operating efficiencies with district health boards through the re-contracting process... More »

Government to make new 'red zone' payment for uninsured homes
21 Aug, 2:36pm
The government put an end to years of legal battles, announcing it will pay former residential red zone owners 100 percent of the 2007/08 rateable value for uninsured homes... More »

Port Taranaki lifts 2018 dividend on increased profit
21 Aug, 12:52pm
Port Taranaki lifted net profit 14 percent in the latest financial year on increased revenue, and paid a bigger dividend to its sole shareholder, the Taranaki Regional Council... More »

NZ net migration continues slow in July as long-term visitors pack up and leave
21 Aug, 12:51pm
New Zealand's inbound net migration continued to slow from a peak last year as a growing number of long-term visitors leave the country, on top of more Kiwis departing for Australia... More »

Super Retail's annual earnings boosted by Macpac acquisition, online sales
21 Aug, 12:41pm
ASX-listed Super Retail Group, which bought outlook equipment chain Macpac Holdings in March, says the acquisition boosted annual earnings as it lifted group profit on a surge in online sales... More »

Comvita turns to FY operating profit, has positive outlook for this year
21 Aug, 11:48am
Comvita, the worst performer on New Zealand's benchmark index this year following two poor honey harvests, turned to a full-year operating profit from a loss a year earlier and said it has a positive outlook for the current financial year... More »

SeaDragon asks shareholders to pay 10% premium in capital raising
21 Aug, 9:46am
SeaDragon is calling on its shareholders to pay a 10 percent premium to participate in a $14.9 million pro-rata renounceable offer to help struggling fish oil manufacturer remain afloat... More »

FIRST CUT: Mercury delivers record earnings on high inflows, production
21 Aug, 8:56am
Mercury NZ reported a record $561 million in operating earnings on the back of record generation and high wholesale power prices... More »

NZ dollar drifts higher as Trump bemoans rate hikes
21 Aug, 8:42am
The New Zealand dollar drifted higher in quiet trading as investors latched on to reports US President Donald Trump complained of the Federal Reserve's interest rate hikes... More »

MARKET CLOSE: NZ shares at record as Skycity, Fisher & Paykel Health rally
20 Aug, 5:44pm
New Zealand shares hit a record ahead of a busy week of corporate results, led higher by SkyCity Entertainment Group and Fisher & Paykel Healthcare Corp.  Pushpay Holdings dropped to an eight-month low... More »

NZ dollar edges lower as ANZ Bank sees heightened chance for rate cut
20 Aug, 5:43pm
The New Zealand dollar dipped as investors latched on to an ANZ  Bank New Zealand report highlighting the growing chance of an interest rate cut... More »

Bathurst ordered to pay L&M US$40M, plans appeal
20 Aug, 1:55pm
Bathurst Resources has been ordered to pay a US$40 million performance payment on coal production from its Buller operations... More »

Taranaki block offer timetable slips
20 Aug, 1:44pm
The timetable for offering new onshore exploration acreage appears to be slipping as the government looks at ways to protect itself from potential legal challenges... More »

Animates joint owner Greencross continues push into NZ
20 Aug, 1:14pm
Animates owner Greencross continued to open new instore vet clinics on this side of the Tasman, helping drive sales growth for the Australian pet care firm, albeit at skinnier margins... More »

Countdown sees faster price deflation in 4th qtr; online shopping boosts FY sales
20 Aug, 12:33pm
Woolworths Group's Countdown chain of supermarkets in New Zealand says grocery prices fell at an even faster pace in the fourth quarter, although growing demand for online sales helped boost annual revenue... More »

Nib NZ's earnings +3.8% as it focuses on innovation but NZ, Aus outlook muted
20 Aug, 12:19pm
Nib Holdings New Zealand reported a 3.8 percent lift in earnings as it stepped up its focus on innovation and customer experience but the outlook for both New Zealand and Australia was guarded... More »