Sharemarket News

MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
18 Oct, 5:52pm
New Zealand shares fell, led by blue-chip stocks such as Meridian Energy and A2 Milk Co, as weaker than expected Chinese growth weighed on Asian markets. ... More »

NZ dollar rises on Brexit hopes, rate cut reassessment
18 Oct, 5:23pm
The New Zealand dollar rose with hopes that Britain and Europe may agree on a Brexit deal and after China confirmed it continues to work on a preliminary trade deal with the US... More »

Three not failing, just needs a new owner - MediaWorks CEO
18 Oct, 4:53pm
MediaWorks Investments' free-to-air television network isn't a failing business but needs a new owner to navigate a market skewed in favour of state-owned Television New Zealand, chief executive Michael Anderson says. ... More »

Major investors back new CBL class action targeting directors
18 Oct, 4:05pm
Another class action related to the collapse of CBL Corp has been launched, this one with the support of the insurer's major shareholders and targeting CBL's directors... More »

Rip Curl purchase a done deal on Kathmandu proxies alone
18 Oct, 1:33pm
Enough Kathmandu shareholders backed the $368 million acquisition of surf brand Rip Curl to approve the deal just on the number of proxy votes held by the board... More »

Comvita chair Neil Craig eyes the exit once he finds a new CEO
18 Oct, 12:03pm
Comvita chair Neil Craig is planning to step down after the honey products company appoints a new chief executive and probably before the end of the company's financial year next June... More »

Mercury raises guidance on increased storage, high spot prices
18 Oct, 11:32am
Mercury NZ has raised its full-year earnings guidance by $25 million on the back of rising storage in its Waikato catchment and sustained high wholesale electricity prices... More »

Eroad reports strong 3Q sales growth, eyes ASX listing
18 Oct, 11:30am
Eroad reported strong third-quarter sales growth but didn't pick up as many small to medium business customers as expected. It is also looking at a possible secondary listing on the ASX. ... More »

MediaWorks puts TV business on the block
18 Oct, 10:07am
MediaWorks Investments has given up on television, putting the free-to-air broadcaster and its Auckland head office and studios on the block... More »

NZ dollar benefits as preliminary Brexit deal improves risk appetite
18 Oct, 9:25am
The New Zealand dollar benefited from a lift in global risk appetite after a preliminary Brexit deal was struck... More »

ANALYSIS: Why banks don't pass on full OCR cuts
18 Oct, 9:24am
New Zealand's four major banks may be feeling battered as they await the Reserve Bank's final decisions on how much extra capital they're going to have to hold, but they should thank their lucky stars they're not as exposed to ritual bashings as their Aus... More »

NZ Europeans make up 80% of business leaders, survey shows
18 Oct, 9:21am
A major survey of 113,000 employees at 39 different Kiwi firms has found less than 20 percent of leaders surveyed were not New Zealand Europeans. ... More »

Zespri tries to whet American appetite for kiwifruit
18 Oct, 9:20am
Zespri says research has become a bigger part of its marketing mix as it reverts to basics to increase sales in the US... More »

MARKET CLOSE: NZ shares fall as Pushpay follows Aussie software firms lower
18 Oct, 9:19am
New Zealand shares fell, led by Pushpay Holdings, as the payments app developer got dragged down by pessimistic analyst reports on ASX software firms Wisetech Global and Afterpay... More »

NZ dollar falls against Aussie after jobs data there
17 Oct, 5:23pm
The New Zealand dollar fell against the Australian dollar after better-than-expected jobs data across the Tasman... More »

Sky CEO put on notice by chunky vote against salary share scheme
17 Oct, 3:50pm
Sky Network Television chief executive Martin Stewart was put on notice by disgruntled shareholders today, with a sizeable vote against the share scheme of his pay package... More »

Unions gearing up to oppose 'market tests' on Fair Pay Agreements
17 Oct, 1:37pm
Likely sticking points in the government's slowly emerging plan to implement a new system of wage bargaining through national Fair Pay Agreements are becoming clearer following the release of a public discussion document on the proposals... More »

Mandatory farm plans scorned as 'tick box' exercises
17 Oct, 10:55am
Lobbyists spanning public health, environmental, infrastructure and recreation groups oppose plans to introduce mandatory freshwater plans for farms, saying clear and explicit rules are a better way to manage high-polluting activities... More »

Kiwi dollar firms on weak US retail data, capped by rate-cut expectations
17 Oct, 9:09am
The kiwi got a slight lift from weaker US data but remains capped by expectations of a November rate cut... More »

SkyCity hoses down union claims over potential job losses
17 Oct, 9:06am
SkyCity Entertainment Group has hosed down union claims that almost half its convention centre workforce was at risk, saying just eight jobs were affected by a consultation process. ... More »