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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.


MARKET CLOSE: NZ shares rise, Scales and Mercury gain while Comvita drops on earnings
21 Feb, 5:35pm
New Zealand shares rose as Scales and Mercury gained and Comvita dropped after its earnings report.  The S&P/NZX 50 Index rose 16.19 points, or 0.2 percent, to 7,115.69. Within the index, 23 stocks rose, 20 fell and seven were unchanged... More »

CORRECTION:Heartland lifts first-half profit 14%, ups share purchase plan
21 Feb, 4:16pm
Correction re previous interim dividend and maximum value of SPP  Heartland Bank increased first-half profit 14 percent as the NZX-listed lender's loan book grew at the same time as it benefited from cheaper funding costs... More »

NZ dollar falls ahead of milk auction
21 Feb, 5:20pm
The New Zealand dollar fell ahead of a possible slide in global milk prices in the overnight Global Dairy Trade auction... More »

NZX's Superlife swaps notes for 71% of Energy Mad
21 Feb, 4:05pm
SuperLife, the funds management business owned by NZX, has swapped 2.25 million convertible notes for just under 70 million shares in Energy Mad, giving it 71.4 percent of the energy efficient lightbulb marketer... More »

Former Ministry of Transport senior manager sentenced to jail for fraud
21 Feb, 3:50pm
A former senior manager at the Ministry of Transport has been sentenced to three years and seven months imprisonment in relation to a fraud  committed during her employment at the ministry, the Serious Fraud Office said... More »

Joyce unveils first social bond pilot in pitch to get more productive public service
21 Feb, 3:10pm
Finance Minister Steven Joyce unveiled the first social bond pilot to support getting people with moderate mental health problems back into the workforce in a pitch to the public service that it will have to lift its performance to justify any increa... More »

Colonial Motor Co reports a 5.2% dip in 1H profit
21 Feb, 12:10pm
Colonial Motor Co reported a 5.2 percent drop in first half profit and while it was guardedly positive about the immediate future it signaled several risks... More »

Caltex cuts dividend to pay for Gull acquisition in search for regional growth
21 Feb, 12:05pm
ASX-listed Caltex Australia has reported a 17 percent jump in annual profit despite revenue dropping, and is looking to regional expansion with its acquisition of Gull New Zealand the first step... More »

Comvita turns to a first-half loss as Chinese crackdown hurts sales
21 Feb, 11:00am
Comvita, the manuka honey company, turned to a loss in the first half of its financial year after Chinese authorities cracked down on people selling its products through informal trading channels... More »

UPDATE: Mercury reports 53% jump in 1H net profit, lifts FY guidance
21 Feb, 10:40am
Mercury NZ increased first-half profit 53 percent, bolstered by favourable North Island hydro conditions and lifted its full year guidance... More »

Tourism Holdings lifts 1H profit 38%, maintains annual profit forecast
21 Feb, 10:00am
Tourism Holdings, the campervan rental company, lifted first-half profit 38 percent with strong tourist demand in New Zealand and Australia, and said it will at least deliver its forecast annual profit of $27 million... More »

Heartland lifts first-half profit 14%, ups share purchase plan
21 Feb, 9:55am
Heartland Bank increased first-half profit 14 percent as the NZX-listed lender's loan book grew at the same time as it benefited from cheaper funding costs... More »

Wrightson profit growth stalls in first half as cautious farmers spend less
21 Feb, 9:30am
PGG Wrightson's profit growth stalled in the first half, which the rural services company blamed on low prices for dairy and wool and reduced production of red meat which had made farmers more cautious about spending... More »

FIRST CUT: Mercury 1H profit jumps 53%, lifts full year guidance
21 Feb, 9:00am
Mercury NZ increased first-half profit 53 percent, bolstered by favourable North Island hydro conditions and lifted its full year guidance... More »

NZ dollar little changed with US holiday, may fall on weaker dairy prices, Fed rate plans
21 Feb, 8:25am
The New Zealand dollar was little changed, getting little overnight impetus with the US on holiday, and may decline if dairy prices fall at tonight's auction and expectations firm for interest rate hikes by the Federal Reserve... More »

While you were sleeping: Unilever stock drops
21 Feb, 7:50am
European equities moved higher as gains in bank stocks offset a drop in Unilever shares after Kraft Heinz abandoned its bid to combine the two companies... More »

MARKET CLOSE: NZ shares mixed, gains for Auckland Airport, Spark while Chorus, Sky TV fall
20 Feb, 5:35pm
New Zealand shares were mixed with Auckland International Airport and Spark New Zealand gaining while Chorus and Sky Network Television dropped... More »

NZ dollar slips in tussle between NZ economy, Fed rates outlook
20 Feb, 5:20pm
The New Zealand dollar fell in subdued trading as traders looked ahead to the GlobalDairyTrade auction this week and the release of minutes of the latest Federal Reserve meeting... More »

English criticises Super Fund CEOs pay rise, puts directors on notice
20 Feb, 4:05pm
Prime Minister Bill English has criticised the board of the New Zealand Superannuation Fund for lifting its chief executive's pay 36 percent last year, and suggested there could be a shakeup in how CEOs of the largest state entities are paid... More »

Chorus on drive to upgrade ADSL copper line customers
20 Feb, 3:55pm
Chorus is boosting efforts to switch customers using ADSL copper-based broadband services to faster VDSL or fibre technology as it faces increasing competition to its telecommunications network... More »

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