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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 fall; Spark, Scales drop while Orion, Tower bounce
9 Dec, 5:50pm
New Zealand shares fell, led lower by Spark New Zealand and Scales Corp, while Orion Health Group rose from its record low... More »

NZ dollar at 18-month high vs euro on ECB extension, seen weaker as yield premium shrinks
9 Dec, 5:50pm
The New Zealand dollar rose to an 18-month high against the euro after the European Central Bank extended its asset purchase programme... More »

Cooks doubles 1H loss, seeks equity to fund Chinese growth
9 Dec, 4:45pm
Cooks Global Foods, which owns the master franchise rights for the Esquires Coffee chain outside New Zealand and Australia, doubled its first-half loss... More »

Anadarko drops offshore oil prospect, still 'committed to NZ'
9 Dec, 4:30pm
Texas-based oil and gas explorer and producer Andarko has joined a string of other oil majors in dropping an exploration licence in lightly explored offshore areas of New Zealand,... More »

BurgerFuel narrows 1H loss, plans to buy more franchised stores, expand into US
9 Dec, 2:35pm
Burger Fuel Worldwide narrowed its first-half loss and says it wants to buy more stores and is still looking to expand into the US... More »

Stop calling KiwiSaver suspension a 'holiday', says Retirement Commissioner
9 Dec, 11:50am
The right to suspend payments to KiwiSaver schemes should be reduced from five years to one and the so-called 'contributions holiday' should be renamed a 'savings suspension' to "remove the positive connection with a holiday,"Diane Maxwell says... More »

NZ credit, debit card spending falls in November amid earthquake disruption
9 Dec, 11:45am
New Zealand retail spending on electronic cards fell in November, snapping two consecutive months of gains, amid disruption from the Kaikoura earthquake... More »

Ex-Auckland Transport staffer and supplier found guilty over $1M-plus bribes
9 Dec, 11:30am
Two men have been found guilty over more than $1 million of fraud at Rodney District Council and Auckland Transport... More »

Mercer sells 130.8M shares to fund acquisition, one-third sold to managers
9 Dec, 11:20am
Mercer Group, the unprofitable stainless steel fabricator, has issued 130.8 million new shares at 1 cent each to fund its purchase of the assets and business of Hastings-based Haden & Custance... More »

NZ wool prices fall at weekly auction as supply exceeds expectations
9 Dec, 11:20am
New Zealand wool prices fell at the latest weekly auction as more bales than expected were offered for sale... More »

NZ dollar rises to 18-month high vs euro after ECB extends asset purchases
9 Dec, 9:10am
The New Zealand dollar rose to an 18-month high against a broadly weaker euro after the European Central Bank extended its asset purchase programme by nine months and signalled it wasn't about to exit the market... More »

While you were sleeping: ECB extends asset purchases
9 Dec, 8:00am
Wall Street climbed to fresh records as optimism about the outlook for the US economy prevailed, while European Central Bank President Mario Draghi announced an extension of the central bank’s quantitative easing program... More »

Chinese group sets out Airwork offer to shareholders
8 Dec, 5:50pm
Zhejiang Rifa Holding Group has set out its bid for a partial takeover of Airwork Holdings, the Auckland-based aircraft services business, telling shareholders that it will seek to grow Airwork's presence in emerging markets such as Asia and Latin America... More »

MARKET CLOSE: NZ shares gain, led by Tower, Orion Health, A2 Milk
8 Dec, 5:40pm
New Zealand shares rose as Tower extended its gains from a 16-year-low and Orion Health Group climbed, with global equity markets gaining ... More »

NZ dollar gains to month-high vs greenback, Aussie on more upbeat Wheeler, Treasury
8 Dec, 5:25pm
The New Zealand dollar rose to month highs against the greenback and the Australian dollar after Reserve Bank Governor Graeme Wheeler said he sees "continued strong growth" in the economy... More »

Takeover target Hellaby hints at possible breakup on its own terms
8 Dec, 4:45pm
Hellaby Holdings, which is engaged in a battle to fend off unwanted suitor Bapcor, has told shareholders it could move to break up the company to realise shareholder value... More »

UPDATE: ANZ's UDC finance unit posts record profit despite interest margin fall
8 Dec, 4:05pm
UPDATE: includes revenue figure provided by ANZ in second line) ANZ Bank New Zealand's UDC finance unit has posted a record annual profit, driven by booming car sales and strong growth in forestry, transport and construction... More »

MBIE 'well short' on payroll issue with no end date in sight, CEO admits
8 Dec, 3:40pm
David Clark, Labour's spokesperson for economic development, says he's "very concerned" about the performance of the Ministry for Business  Innovation and Employment after an audit, with the holiday payroll issue still hanging over the super min... More »

ANZ's UDC finance unit posts record profit despite interest margin fall
8 Dec, 2:30pm
ANZ Bank New Zealand's UDC finance unit has posted a record annual profit, driven by booming car sales and strong growth in forestry, transport and construction... More »

New PM: English cites 'strong support', won't name preferred deputy
8 Dec, 1:55pm
Finance Minister Bill English says he is "finding strong support in the caucus” for his bid to replace John Key as Prime Minister next Monday after Key unexpectedly announced his resignation and departure from politics on Monday... More »

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