Sharemarket News

Pushpay buys Colorado rival for US$87.5m
13 Dec, 4:54pm
Pushpay Holdings will add about 4,000 church customers to its books with the US$87.5 million acquisition of rival Church Community Builder, although co-founder Chris Heaslip signalled his departure next year. Pushpay bought 100 percent of the Colorado-bas... More »

Xero chair to retire early as family’s health comes first
13 Dec, 4:14pm
Xero chair Graham Smith will hand over the reins of board at the end of January and retire from the board in March. Smith’s departure was earlier than planned due to the health of close family members and the travel needed for him given Xero’s... More »

Business leaders quiz finance minister on capacity to spend $12b
13 Dec, 11:31am
Business leaders put Finance Minister Grant Robertson under the grill this morning, pushing him on the ins and outs of the government’s $12 billion spending package and how it might be delivered. Robertson fronted the Auckland business audience, ha... More »

House prices are accelerating again, even in Auckland
13 Dec, 10:46am
House price inflation continued to accelerate in November, but sales volume was down nearly 2 percent with the Real Estate Institute citing both lack of listings and a widening gap between what sellers are asking and what purchasers are prepared to pay. R... More »

Tourists still coming but growth is slowing
12 Dec, 12:29pm
New Zealand’s $17 billion international tourism sector continues to benefit from a rising number of visitors... More »

Peters backs StuffME merger bid
12 Dec, 10:00am
The New Zealand First party is throwing its weight behind news publisher NZME's proposal to take over its struggling competitor... More »

Supplements, skincare firm poised for reverse listing
11 Dec, 9:59am
Early-stage supplements and skincare firm Me Today is poised to list next year through shell company CSM Group... More »

NZX, EEX eye carbon auction opportunity
10 Dec, 1:32pm
The New Zealand stock exchange and the European Energy Exchange have inked a cooperation agreement to pursue carbon market opportunities... More »

A2 Milk boss steps down, shares fall 7.7%
9 Dec, 1:34pm
A2 Milk Co chief executive and managing director Jayne Hrdlicka will step down from her role effective immediately... More »

NZX says operating earnings will reach top of guidance
9 Dec, 9:54am
NZX now expects operating earnings for calendar 2019 to come in at the top of its guidance range reflecting increased capital raisings... More »

NZ dollar consolidates weekly gain of more than a US cent
6 Dec, 5:34pm
The New Zealand dollar consolidated near a four-month high the past week as betting on another interest rate cut next year dwindled while the odds of a February cut by the Reserve Bank of Australia increased. The kiwi was trading at 65.55 US cents at 5pm... More »

NZ dollar holds gains on improved dairy, bank capital outlook
6 Dec, 8:57am
The New Zealand dollar held its ground overnight, supported by the strong dairy outlook and new capital requirements for the banking sector that were less onerous than feared. The kiwi was trading at 65.46 US cents from 65.35 US cents at 5pm. The trade-we... More »

MARKET CLOSE: NZ shares gain; banks rally on Reserve Bank capital decision
6 Dec, 8:56am
New Zealand shares rose as bank stocks rallied when the Reserve Bank's new capital adequacy rules weren’t as harsh as some investors feared. The S&P/NZX 50 Index advanced 47.92 points, or 0.4 percent, to 11,257.79. Within the index, 25 stocks ro... More »

NZ dollar rises; bank capital rules less harsh than expected
5 Dec, 5:28pm
The New Zealand dollar rose after the Reserve Bank's final decisions on bank capital proved less onerous than feared. The kiwi was trading at 65.35 US cents at 5pm after spiking at 65.62 cents earlier from 65.25 cents at 8am. The trade-weighted index was... More »

RBNZ relaxes capital requirements, allows preference shares, extends phase-in
5 Dec, 1:02pm
The Reserve Bank has significantly relaxed its bank capital requirements by no longer insisting all the additional capital must be equity and by extending the phase-in period to seven years from the original five. The big four Australian-owned banks will... More »

NZ dollar extends gain amid mixed US data, possible trade progress
5 Dec, 8:49am
The New Zealand dollar extended its recent gains against the greenback amid mixed US economic data and vague signs of progress in the US-China trade talks. The kiwi was trading at 65.25 US cents at 8am from 65.14 cents at 5pm in Wellington. The trade-weig... More »

MARKET CLOSE: NZ shares dip on eve of major regulatory decisions
5 Dec, 8:47am
New Zealand shares dipped ahead of major regulatory decisions on domestic banking and fuel markets tomorrow. The S&P/NZX 50 Index decreased 18.40 points, or 0.2 percent, 11,209.87. Within the index, 25 stocks fell, 22 rose, and three were unchanged. T... More »

NZ dollar sees off global headwinds, holds above 65 US cents
4 Dec, 5:29pm
The New Zealand dollar managed to consolidate its recent gains and to stay above 65.10 US cents despite a barrage of negative news. This included sub-par GDP across the Tasman, the latest tariff threats from US President Donald Trump and another threat fr... More »

NZ dollar holds above 65 US cents; dairy auction prices mixed
4 Dec, 10:00am
The New Zealand dollar held its ground above 65 US cents with improved milk powder prices helping offset increasing global trade concerns. The kiwi was trading at 65.15 US cents at 8am, up from 65.06 cents at 5pm but down from the overnight high of 65.33... More »

Dairy index falls on weaker butter, milk fat demand
4 Dec, 9:40am
Product prices were mixed at the Global Dairy Trade auction amid lower appetite for milk fats.The GDT price index fell 0.5 percent from the previous auction two weeks ago, its first decline since early September. The average price was US$3,467 a tonne, co... More »