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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 on yield hunt; Genesis, MRP, Meridian
28 Aug, 5:35pm
New Zealand shares rose as investors sought dividend-paying equities in a low interest rate environment. Electricity companies Genesis Energy, Mighty River Power and Meridian Energy advanced... More »

NZ dollar heads for 3.1% weekly slump after early market meltdown; Jackson Hole looms
28 Aug, 5:15pm
The New Zealand dollar is heading for a 3.1 percent weekly drop after a slump in Chinese equity markets spooked investors on Monday and Tuesday before petering out later in the week, and ahead of the annual get-together of central bankers at Jackson Hole,... More »

Air NZ shares fall, analysts query capital return strategy
28 Aug, 4:50pm
Air New Zealand’s share price has dropped 16 percent in the last three months and 5.7 percent since announcing a record $327 million net profit this week and indicating a significant earnings uplift for the 2016 financial year... More »

Anti-dumping consumer welfare test unfair to NZ businesses, lobby group says
28 Aug, 4:05pm
The government’s plans to introduce a consumer welfare test to anti-dumping laws will put local firms at a disadvantage to their foreign counterparts, according to Business New Zealand... More »

FMA's top risks crop up in 2015 enforcement activity
28 Aug, 3:40pm
The Financial Markets Authority's top seven strategic priorities were a common theme for the regulator's enforcement activity over the past year, with governance, culture and conflicted conduct the agency's biggest problem... More »

Martin Aircraft posts full-year loss; on track to sell world's first commercial jetpack next year
28 Aug, 2:25pm
Martin Aircraft has reported a annual loss of $5.2 million as it continues developing the world’s first commercial jetpack, due out next year... More »

S&P affirms NZ credit rating on expectation govt will get books back in black
28 Aug, 2:15pm
New Zealand's credit ratings were affirmed by Standard & Poor's, which expects the government to get its finances back into surplus, even if low inflation and slowing growth make that more difficult... More »

KiwiRail operating earnings improve, despite lower freight revenues
28 Aug, 2:10pm
KiwiRail had a much better 12 months to June 30 than a year earlier, improving its earnings before interest, tax,depreciation and asset impairments to $91 million, 17 percent ahead of the previous financial year, which was marred by several one-off c... More »

Ron Brierley rides again, builds 7.2% stake in Smiths City
28 Aug, 1:05pm
Veteran corporate investor Ron Brierley is sniffing out opportunities in Christchurch-based retail chain Smiths City, which has started closing down unprofitable stores to eke out a lift in earnings... More »

Higher future power prices loom as generators cut gas and coal plants
28 Aug, 11:30am
The future wholesale price of electricity is already rising, following decisions by three of the country's electricity generators to close more than 1,000 Megawatts of installed generation capacity that uses gas and coal to run... More »

Veritas profit drops 23%, to pay smaller dividend as Nosh, BBC acquisitions weigh
28 Aug, 10:45am
Veritas Investments, the food and beverage investor, posted a 23 percent drop in annual profit and will pay a smaller dividend to shareholders as it wrestles with integrating its Nosh Food Market and Better Beer Co acquisitions... More »

Fliway pays special dividend as annual profit beats prospectus forecast
28 Aug, 10:40am
Fliway, the transport and logistics company that listed on the NZX in April, will pay a special dividend after reporting annual profit 33 percent above its prospectus forecasts mainly due to lower-than-expected listing costs... More »

Vector posts 2.8% gain in full-year earnings as smart meters lead growth, sees further gain in 2016
28 Aug, 10:10am
Vector, the Auckland gas and electricity distribution company, posted a 2.8 percent gain in pretax earnings, beating its guidance, as acquisitions helped drive growth in its smart metering business. It sees further gains in 2016... More »

NZ Post boosts profit 34% on asset sales, Kiwibank
28 Aug, 9:40am
New Zealand Post Group lifted annual profit 34 percent, booking a one-off gain from the sale of its Australian business, Couriers Please, while at home its Kiwibank unit boosted earnings... More »

Vista boosts first-half profit 24%, grabbing market share with expanded group
28 Aug, 9:35am
By Paul McBeth     Aug. 28 (BusinessDesk) - Vista Group International, the cinema software and analytics firm, boosted first-half profit 24 percent as the expanded group beefed up its... More »

Kiwibank comes of age, set to pay first annual dividend in 2015
28 Aug, 9:35am
Kiwibank, the banking unit of state-owned New Zealand Post, will pay its first annual dividend after 13 years of operation, reflecting its increased size, record profits and its ability to fund its own activities... More »

Retiring Healthcare CEO Daniell says narrower focus, 'commonality of technology' key to success
28 Aug, 9:15am
Retiring Fisher & Paykel Healthcare boss Mike Daniell says he realised the importance of focus rather than diversifying the company's efforts about 20 years ago... More »

MRP the latest power company to declare special dividend
28 Aug, 9:15am
MightyRiverPower has become the latest electricity generator-retailer to announce a special dividend in the current earnings season, at the same time as announcing a 22 percent fall in underlying earnings after tax for the year to June 30 of $145 million... More »

NZ dollar advances as commodity-linked currencies buoyed by improved sentiment
28 Aug, 8:30am
The New Zealand dollar edged up along with other commodity linked currencies, with gains limited by a stronger US dollar buoyed by better economic data... More »

While you were sleeping: US growth surprises
28 Aug, 8:00am
Wall Street rose after a report showing the US economy grew more than expected, Chinese equities stemmed a five-day drop, and oil soared... More »

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