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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.


Seadragon rejected Blackmores investment in favour of tapping shareholders
3 Sep, 1:55pm
SeaDragon, the fish oil refiner aiming to raise up to $9 million from shareholders to fund the escalating cost of an Omega-3 factory, says it turned down an investment offer from Australian health supplement company Blackmores because it came wi... More »

Air NZ to defend US class action over air cargo cartel claim
3 Sep, 1:15pm
Air New Zealand, the national carrier, will defend a multi-billion dollar class action in the US that it colluded to fix prices on international air freight services after a New York court set a trial date for the claim... More »

NZ building work climbs in June quarter, swelled by non-residential activity
3 Sep, 11:25am
New Zealand construction activity expanded for a second quarter, swelled by non-residential work as the focus of the Canterbury rebuild shifts to commercial buildings... More »

Kathmandu board again urges shareholders to reject Briscoe's hostile takeover bid
3 Sep, 10:55am
The increasingly hostile takeover offer for Kathmandu has seen the outdoor clothing chain retailer’s board reiterate today that the offer from Briscoe Group is inadequate and urged shareholders to reject it... More »

New crowdfunder Liftoff fails to fly on first outing with eco-tour business
3 Sep, 10:40am
Liftoff, a new crowd-funding platform has failed to fly with its first offer, raising just $2,500 of the $1.2 million sought... More »

Auckland house sales climb to 15-year high for month of August, prices stall
3 Sep, 10:40am
Auckland house sales jumped in August as a flood of new listings drove an unseasonably high level of activity, trimming average sale prices in the month, according to Barfoot & Thompson... More »

NZ new vehicle sales rise 10% in August, on track for record year
3 Sep, 9:55am
New Zealand new vehicle sales rose 10 percent in August and are on track for a second record year, despite a weaker currency pushing up the import prices... More »

Snakk boosts 1Q revenue 15%, slows cash burn on cost control
3 Sep, 9:40am
Snakk Media, the mobile advertisement developer, lifted first-quarter revenue 15 percent while slowing its cash burn by clamping down on spending... More »

NZ share trading value more than doubles in August as Origin exits Contact stake
3 Sep, 9:25am
The value of share trading on New Zealand's stock exchange more than doubled in August, underpinned by ASX listed Origin Energy's $1.8 billion sale of its controlling stake in Contact Energy... More »

NZ dollar declines as US data signals continued economic expansion
3 Sep, 8:40am
The New Zealand dollar declined after US economic data kept alive expectations the Federal Reserve may hike interest rates this month... More »

While you were sleeping: Apple, Microsoft offer value
3 Sep, 7:05am
Wall Street rose, recovering part of the previous day’s selloff as investors found value in some shares including Apple and Microsoft... More »

Former mortgage broker convicted of fraud after forging documents to help poor families buy properties
2 Sep, 5:50pm
A former mortgage broker has been convicted of fraud in the Auckland District Court over a scheme where she sold properties to low income families for a profit, using forged documents to allow them to obtain home loans... More »

LGFA bonds lure foreign investors seeking liquid, highly-rated alternative to NZ government debt
2 Sep, 5:45pm
The Local Government Funding Agency, which sells bonds on behalf of 30 local authorities in New Zealand, says foreign investors are increasing their holdings of the debt as a relatively liquid, highly rated alternative to sovereign bonds... More »

MARKET CLOSE: NZ shares fall; Pacific Edge, Xero, A2 decline
2 Sep, 5:40pm
New Zealand shares fell following a sharp decline on Wall Street overnight, and were the worst performer across Asia in local trading. Momentum stocks, such as Pacific Edge, Xero and A2 Milk Co declined. Sky Network Television led the bourse lower after s... More »

Briscoe issues a take-it-or-leave-it statement to Kathmandu shareholders
2 Sep, 5:30pm
Briscoe Group, the retailer controlled by managing director Rod Duke, has told Kathmandu Holdings shareholders to take it or leave as its spurned takeover offer for the outdoor goods chain is still on the table, but it won’t be upping the price... More »

NZ dollar gains vs. Australian dollar after weaker GDP, dairy prices rise
2 Sep, 5:15pm
The New Zealand dollar gained against the Australian dollar after data showed slowing economic growth in Australia, while a pick-up in dairy prices soothed concerns about the local export outlook... More »

SkyCity bonds priced at bottom end of interest rate range
2 Sep, 3:50pm
SkyCity Entertainment Group, the country's only listed casino operator, will sell $125 million of seven year bonds paying annual interest of 4.65 percent, the bottom end of the indicative price range... More »

Loyalty NZ full-year sales climb 6.6% on demand for Fly Buys, costs erode profit
2 Sep, 2:45pm
Loyalty New Zealand, which operates the Fly Buys loyalty programme used by companies including Air New Zealand, Z Energy and Contact Energy, posted a 6.6 percent gain in full-year sales, while profit was reduced by investment to drive growth... More »

MetService 2015 profit drops on delays in inking new MoT contract
2 Sep, 2:20pm
Meteorological Service of New Zealand, the state-owned weather bureau, said 2015 annual profit dropped by almost two thirds because of delays in finalising a new deal with the Ministry of Transport, its largest contract... More »

NZ commodity prices fall for fifth month in August, led by decline in dairy
2 Sep, 1:30pm
New Zealand commodity prices fell for a fifth straight month in August, led by a decline in dairy prices to their lowest level in 11 years... More »

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