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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.

Chorus registers interest in government's proposed expansions to UFB, RBI
1 Jul, 4:40pm
Chorus, the telecommunications network operator, has expressed interest in the government's plans to expand the state sponsored ultrafast broadband network and rural broadband initiatives... More »

Duke to retain control as Briscoe offers 89.7 mln shares, $32.3M cash for rest of Kathmandu
1 Jul, 4:05pm
Briscoe Group launched its full takeover of Kathmandu, offering 89.7 million of its own shares and $32.3 million cash for the 80.1 percent of the outdoor equipment and clothing chain it doesn't already own... More »

Labour provider and recruiter AWF Madison seeks 75% hike in directors' fee pool
1 Jul, 3:40pm
Shareholders of AWF Madison Group, the country’s largest recruiter and labour provider, are being asked to vote in favour of a $150,000 increase in directors’ fees at the annual general meeting later this month... More »

NZX milk powder futures point to further declines at GDT auction
1 Jul, 2:50pm
The price for New Zealand's key dairy export, whole milk powder, is set to decline further at tonight's GlobalDairyTrade auction as dairy companies head into the new season and ramp up production... More »

Kiwibank blocked from closing money remitter's accounts as court challenge looms
1 Jul, 1:45pm
Kiwibank has been blocked from closing  E-Trans International Finance's bank accounts after the money remitter challenged the state owned lender's move in the High Court... More »

2 Cheap Cars to challenge Japanese new car dealerships in NZ with parallel imports
1 Jul, 12:00pm
2 Cheap Cars, which has built a nationwide chain of auto yards selling used imports since starting four years ago, said it plans to enter the market for new cars by parallel importing of Toyota, Honda and Mazda vehicles... More »

Nuplex keeps buyback programme suspended until August earnings announcement
1 Jul, 11:40am
Nuplex Industries, the specialty chemicals maker, won't resume a share buyback programme until after it reports annual earnings in mid-August... More »

DNZ sells Albany office block for $15.2 mln, above valuation
1 Jul, 11:35am
DNZ Property Fund, which is more than halfway through an asset sale programme, has sold an office block in Auckland's Albany for $15.2 million, 3.1 percent above the property's last valuation... More »

Z Energy argues purchase of Caltex won't drive up pump prices or reduce competition
1 Jul, 11:30am
Z Energy, the listed service station chain, said its planned $785 million purchase of rival Chevron New Zealand's Caltex branded network won't drive up prices at the pump because the target doesn't have retail price setting power and the market wi... More »

TruScreen raises $1.6 mln in oversubscribed share purchase plan
1 Jul, 10:35am
TruScreen, the NZAX listed cervical cancer test developer, raised $1.56 million in an oversubscribed share purchase plan to help fund its push into Asia... More »

NZ primary sector businesses mull plans for growth at Stanford 'bootcamp'
1 Jul, 10:30am
New Zealand’s largest primary sector businesses, including meat companies Silver Fern Farms and Alliance Group, seafood groups Sanford and Sealord, and milk processors Fonterra Cooperative Group and Miraka, are on a bootcamp in the US this week t... More »

Brierley brings latest investment vehicle, Mercantile, to the NZX
1 Jul, 9:55am  1 comment
Veteran corporate raider Ron Brierley is bringing his latest investment vehicle, Mercantile Investment, to the NZX, with a listing scheduled for next week... More »

Tiwai Smelter termination deadline pushed out for another month
1 Jul, 8:55am
Meridian Energy and Rio Tinto controlled New Zealand Aluminium Smelters have extended their electricity agreement for another month, giving the Tiwai Point smelter owner a little more time to sort out its electricity needs... More »

NZ dollar touches fresh lows as weakening economy stokes calls for interest rate cuts
1 Jul, 8:55am
The New Zealand dollar touched its lowest level in more than five years against the greenback and the pound, and its lowest against the Australian dollar in a year and a half, after signs the economy is slowing stoked expectations the Re... More »

MARKET CLOSE: NZ shares rise; Kathmandu soars on Briscoe takeover; MRP, Contact advance
30 Jun, 6:45pm
New Zealand shares rose, led by Kathmandu Holdings after Briscoe Group flagged takeover plans. MightyRiverPower and Contact Energy advanced as investors bought defensive stocks... More »

MARKET CLOSE: NZ shares rise; Kathmandu soars on Briscoe takeover; MRP, Contact advance
30 Jun, 6:00pm
New Zealand shares rose, led by Kathmandu Holdings after Briscoe Group flagged takeover plans. MightyRiverPower and Contact Energy advanced as investors bought defensive stocks... More »

TeamTalk shares drop on accounting charge, extended debt facility
30 Jun, 5:25pm
TeamTalk shares dropped 6.3 percent after the telecommunications company warned net profit will be hit by a revaluation of interest rate swaps and said it had reduced the size of its debt facility after extending the credit line for three years... More »

NZ dollar falls as weak data fuels rate cut expectations, Greek impasse weighs
30 Jun, 5:15pm
The New Zealand dollar fell as downbeat business confidence and soft building intentions stoked expectations for deeper interest rate cuts than previously thought, while the Greek debt impasse continued to sap investors' appetite for riskier asset... More »

Technology, more public R&D spend, 'enabling' policies needed to lift agricultural productivity: Rabobank
30 Jun, 3:50pm
New Zealand needs to reverse a decline in public research and development spending, foster “enabling” policies and provide access to technology to boost productivity in the food and agribusiness sector, says a... More »

Tower extends CEO Hancock's position for 3 more months; seeking new chief
30 Jun, 1:40pm
Tower has extended chief executive David Hancock's contract by three months, keeping him on deck as the general insurer wraps up a number of business initiatives... More »

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