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.
TeamTalk revises first half profit expectations down after poor trading; shares drop 23 Jan, 3:45pm
TeamTalk, the listed telecommunications firm, has revised down its profit expectations for the first half of the financial year to about $2 million less than what it achieved at the same time last year, forcing an early refinancing of its debt facili... More »
NZX 50 soars to fresh record in global equities rally and hunt for yield 23 Jan, 2:45pm
The NZX 50 Index climbed to a fresh high as investors hunt for income paying investments on the prospect of interest rates staying lower for longer, as the European Central Bank embarks on a sovereign debt buying programme... More »
Kathmandu appoints Xavier Simonet as new chief executive 23 Jan, 12:30pm
Kathmandu, the Christchurch-based outdoor clothing retailer, has appointed Xavier Simonet as its new chief executive who will relocate from London to Melbourne to take up the role... More »
FMA warns trader on market manipulation 23 Jan, 11:45am
The Financial Markets Authority has formally warned an unnamed trader over market manipulation for buying the same shares they were trying to sell... More »
NZ govt operating deficit smaller than expected on lower expenses 23 Jan, 10:15am
The New Zealand's government's operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax take from last month's forecast... More »
Windflow to sack staff as UK, NZ energy markets remain slow 23 Jan, 9:35am
Windflow Technology, the unprofitable wind turbine manufacturer, will sack staff to reduce costs in the face of slow planning and production in the UK and weak demand in the New Zealand market... More »
NZ dollar holds at 2 1/2 year low as investors mull outlook 23 Jan, 9:10am
The New Zealand dollar held at a key two and a half year low as investors mull whether the currency is a good bet because of its high yield or whether it is risky bet given concern about slowing global growth... More »
While you were sleeping: ECB exceeds expectations 23 Jan, 7:55am
Equity markets climbed after European Central Bank President Mario Draghi delivered a larger-than-expected quantitative easing program worth more than 1 trillion euros in an effort to fuel the euro-zone economy and ward off deflation... More »
Contact Energy signs deal with Maui that could see it use less gas 22 Jan, 3:15pm
Contact Energy, one of New Zealand’s largest electricity generators and retailers, has signed a new deal with Maui Development Ltd to purchase between 22 and 26 petajoules of gas over a two to three year period that significantly boosts its ove... More »
James Pascoe increases stake in Warehouse to 7.4% 22 Jan, 10:10am
James Pascoe, the retail group owned by David and Anne Norman, has added to its holding in Warehouse Group by buying on market this week, as the shares traded at a near two and a half year low... More »
MightyRiverPower to keep energy price on hold, other prices could change 22 Jan, 9:05am
MightyRiverPower, the first of the state owned power companies to be partially privatised in 2013, will keep the price it charges for electricity on hold for a third year in a row, but again will pass on any movements in the transmission and distribution... More »
GeoOp user growth accelerates in December quarter 22 Jan, 8:55am
GeoOp, whose software allows mobile businesses such as builders to manage their workforce, reported accelerating growth in user numbers through the final three months of 2014... More »
While you were sleeping: Stocks advance on ECB reports 22 Jan, 8:00am
Equities on both sides of the Atlantic rose after reports that the European Central Bank plans to spend 50 billion euros a month on debt purchases to stoke the languid euro-zone economy and ward off deflation... More »
Finance Minister English to keep lid on public sector wages 21 Jan, 1:45pm
Finance Minister Bill English has warned public sector employees will face "restrained" wage increases as he tries to get the government books back in the black while contending with lower than expected inflation... More »
NZ skilled job vacancies rise in December as Canterbury rebuild spurs hiring 21 Jan, 12:40pm
The number of skilled vacancies advertised online in New Zealand rose 1.1 percent last month to its highest level in nearly six years as the Canterbury rebuild increased demand for skilled construction workers and engineers, according to the Ministry... More »
