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Sharemarket News


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.

Comvita shares slump 11% as honey products maker tips 1H loss
26 Oct, 5:35pm
Comvita shares dropped after the manuka honey and health products maker warned a first-half loss was on the cards, which chief executive Scott Coulter described as a “blip”... More »

MARKET CLOSE: NZ shares fall, led lower by Comvita, A2 Milk, SkyCity
26 Oct, 5:35pm
New Zealand shares fell, following the Australian market lower as Comvita suffered from weaker sales, while A2 Milk Co and SkyCity Entertainment Group dropped... More »

OIO looked at track record of Fairfax, NZME directors before approving merger
26 Oct, 5:25pm
The Overseas Investment Office looked into the activities of key directors of NZME and Fairfax Media executives before signing off on their merger plan, documents released under the Official Information Act show... More »

NZ dollar drops to week-low vs. Aussie as inflation stirs across Tasman
26 Oct, 5:15pm
The New Zealand dollar fell to its lowest level in more than a week against the Australian dollar after inflation data across the Tasman printed stronger than the market had expected... More »

Spark executive Jolie Hodson sells down shares on-market
26 Oct, 5:10pm
Spark New Zealand senior executive Jolie Hodson has sold almost all of her ordinary shares in the country's biggest telecommunications business, details filed with the NZX show... More »

Fonterra suspends Jiawai distribution agreement after milk powder fraud arrests
26 Oct, 4:00pm
Fonterra Cooperative Group has suspended a distribution agreement with China's Jiawai after Shanghai food safety officials and police announced the arrest of 19 people suspected of repackaging expired milk powder from New Zealand... More »

UPDATE: Pumpkin Patch appoints administrators as sales fall
26 Oct, 3:55pm
Children's clothing retailer Pumpkin Patch has been tipped into receivership by its lenders and appointed voluntary administrators after failing to reinvent itself in the face of shrinking sales and too much debt... More »

Westland Milk Products chair to step down
26 Oct, 3:45pm
The chair of the Hokitika-based dairy cooperative, Westland Milk Products, is to step down and retire from the board at the end of March next year... More »

Comvita warns of first half loss on China regulatory changes
26 Oct, 3:30pm
Manuka honey and health products company Comvita has warned its first-half result is likely to be a loss after tough trading in the first quarter of the 2017 financial year resulted in an unexpected drop in sales... More »

Formal partial takeover offer of Airwork could be tabled by next week
26 Oct, 3:20pm
Airwork Holdings, the Auckland-based aircraft services business, has told investors a formal partial takeover offer could be made as early as next week, provided conditions are satisfied or waived... More »

Skellerup projects 2017 profit to rise as much as 7%, heightens focus on water and food safety
26 Oct, 1:50pm
Skellerup Holdings expects annual profit to rise as much as 7 percent, recovering from last year's decline, as the industrial rubber goods maker puts greater emphasis on potable water applications and food safety... More »

Pumpkin Patch tipped into receivership, appoints adminstrators
26 Oct, 1:25pm
Children's clothing retailer Pumpkin Patch has been tipped into receivership by its lenders and appointed voluntary administrators after failing to reinvent itself in the face of shrinking sales and too much debt... More »

Landcorp Farming forecasts wider annual loss, no dividend
26 Oct, 12:35pm
Landcorp Farming, the state-owned farmer, has forecast a wider annual loss and no dividend for the current year, reflecting low growth in its milk and livestock revenues and increased spending for longer term gain... More »

Restaurant Brands agrees to pay US$105M for Hawaiian fast-food chain
26 Oct, 10:20am
Restaurant Brands NZ plans to buy Pacific Island Restaurants, the largest fast food operator in Hawaii with 82 Taco Bell and Pizza Hut stores, to diversify earnings away from NZ where it runs KFC, Pizza Hut, Starbucks Coffee and Carl's Jr chains... More »

NZ gets thumbs up on tax as it tops World Bank ease of doing business report
26 Oct, 9:50am
New Zealand has been ranked the easiest country in the world for doing business in the World Bank's 2017 Doing Business report, getting kudos for tax changes that dropped cheque duties and lowered Accident Compensation Corp levies... More »

Serko narrows first-half loss, says it won't need more capital to reach 2018 profitability target
26 Oct, 9:45am
Serko, the online travel booking company, narrowed its first-half operating loss and said it won't need more capital to reach its target of being profitable in 2018... More »

NZX head of markets Mark Peterson to act as interim chief when CEO Bennett leaves
26 Oct, 8:50am
NZX's short timeframe to replace outgoing chief executive Tim Bennett will see head of markets Mark Peterson take the reins on an interim basis from the start of next year... More »

NZ dollar dips vs. Australian dollar as higher iron ore prices bolster Aussie
26 Oct, 8:45am
The New Zealand dollar fell against its trans-Tasman counterpart as higher iron ore prices bolstered demand for the Aussie ahead of Australian inflation data today... More »

While you were sleeping: Earnings disappoint
26 Oct, 7:45am
Stocks on both sides of the Atlantic slid amid disappointing results from companies including 3M and Caterpillar... More »

UPDATE: NZME considering A$156M purchase of local Adshel business
25 Oct, 5:55pm
NZME is considering buying Adshel's local business for A$156 million after former parent APN News & Media's buy-out triggered an option for the local media group to buy the assets on the same terms... More »

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