Sharemarket News

MARKET CLOSE: NZ shares mixed ahead of Anzac Day holiday; A2, Synlait fall further, Fisher & Paykel bounces
24 Apr, 5:32pm
New Zealand shares were mixed in light trading ahead of tomorrow's public holiday, with A2 Milk Co and Synlait Milk continuing to weaken while Fisher and Paykel Healthcare Corp rebounded and Fletcher Building extended gains... More »

USX: Introducing Pharmazen Limited
24 Apr, 5:28pm
Pharmazen Limited Issuer Profile... More »

NZ dollar falls to 3 1/2 month low as rising US interest rates bring trading back to fundamentals
24 Apr, 5:23pm
The New Zealand dollar fell to a 3 1/2 month low as rising US interest rates prompted traders to focus on economic fundamentals, where higher yields in the US offer greater returns than elsewhere, spurring demand for the greenback... More »

PM Ardern 'really positive' with NZ position in pursuing EU trade deal
24 Apr, 4:51pm
Prime Minister Jacinda Ardern is cautiously optimistic about New Zealand's pursuit of a free trade agreement with the European Union, with the nation's focus on environmental protections finding favour with French President Emmanuel Macron... More »

Fletcher's exit from 'vertical construction' leaves a gap in the market; seen pushing up costs, RLB says
24 Apr, 12:51pm
Fletcher Building's intention to exit the 'vertical construction' sector leaves a gap in the market for large-scale commercial and government projects and is pushing up building costs, according to a report on industry trends... More »

Avanti bike founders cut remaining ties with the business, selling to Scott Sports
24 Apr, 12:18pm
The Struthers family, which founded the Avanti bicycle brand and built Sheppard Industries into the largest cycling company in Australasia, has cut its final ties to the business, selling its remaining shareholding to a Switzerland-based company, Scott Sp... More »

NZ annual net migration slows in March; remains high
24 Apr, 11:34am
New Zealand's annual net migration slowed in March as continued high immigration was offset by more Kiwis and non-citizens leaving... More »

Vocus to keep NZ business as bids fall short of expectations
24 Apr, 11:04am
ASX-listed Vocus Group will hold on to its New Zealand businesses including CallPlus, 2talk, Orcon, Slingshot, Flip, and local fibre line provider previously called FX Networks, saying it didn't get any offers attractive enough to entice a sale... More »

NZ dollar falls to 3 1/2-month low as rising US interest rates support greenback
24 Apr, 8:37am
The New Zealand dollar fell to a 3 1/2-month low as rising yields on US Treasuries underpinned support for the greenback as higher US interest rates come at a time when New Zealand's are flat... More »

While you were sleeping: US dollar gains with 10-year Treasury yield
24 Apr, 8:22am
Wall Street eased, while the US dollar rose, as investors eyed a key level for the 10-year US Treasury note as well as a slew of corporate earnings including from Alphabet... More »

MARKET CLOSE: NZ shares fall in light trading; A2, Synlait decline while Pushpay, Fletcher gain
23 Apr, 5:32pm
New Zealand shares dropped in light trading, with A2 Milk Co and Synlait Milk leading the index lower, while Pushpay Holdings and Fletcher Building gained... More »

NZ dollar holds near 72 US cts as political uncertainties limit decline
23 Apr, 5:17pm
The New Zealand dollar held above 72 US cents as political uncertainties in the world's biggest economy limited the greenback's gains from rising US interest rates... More »

NZ Refining says Marsden Point shutdown hit profit by $8.2 mln
23 Apr, 3:22pm
New Zealand Refining, operator of the country's only oil refinery, says its 2017 oil pipeline failure knocked net profit by $8.2 million last year... More »

Precinct Properties sells Deloitte House for $10.2M, considers offers on Auckland's ANZ Centre
23 Apr, 2:16pm
Precinct Properties has sold Deloitte House in Wellington for $10.2 million and says it's entered into a period of exclusivity with one potential buyer for its stake in the ANZ Centre in Auckland... More »

NZ farm sales fall 11% in March quarter as mycoplasma bovis keeps farmers nervous
23 Apr, 12:32pm
New Zealand farm sales fell 11 percent in the March quarter from a year earlier, as the mycoplasma bovis cattle disease outbreak weighed on purchasing intentions and spanned a period where smaller plots of rural land were captured by the regime to screen... More »

NXT-listed QEX Logistics says annual gross margins wider than anticipated
23 Apr, 10:40am
NXT-listed QEX Logistics, which joined the small-cap board in February, says annual gross margins were wider than anticipated, spanning a period when exports to China hit a quarterly record... More »

High Court orders Forestlands IRD debt can be paid from $18M funds in trust; liquidation sought by FMA
23 Apr, 10:13am
The Financial Markets Authority has applied to the High Court for 18 Forestlands companies to be put into liquidation, with the court having ordered that the companies' tax debts can be paid from money held in trust... More »

NZ dollar falls near 72 US cts as growing inflationary pressures drive up US Treasury yields
23 Apr, 8:50am
The New Zealand dollar fell near 72 US cents as growing inflationary pressures stoke expectations for higher US interest rates, underpinning demand for the greenback... More »

World Week Ahead: Gearing up for tech earnings
23 Apr, 8:44am
US tech heavyweights are set to report their latest earnings this week along with a barrage of other companies including Boeing, while first-quarter GDP is expected to show an easing of the nation’s growth... More »

MARKET CLOSE: NZ shares fall as MSCI changes debated, Mercury falls, Fletcher gains
20 Apr, 5:58pm
New Zealand shares fell, taking a negative lead from Wall Street, as Fletcher Building's share offer weighed on demand. Fisher & Paykel Healthcare, which gets almost half its revenue in North America, led the decline, paced by Meridian Energy, Ryman H... More »