Sharemarket News

Xero share trading sparked NZ’s first market manipulation trial
27 Sep, 5:40pm
Trading by Milford Asset Management portfolio manager Mark Warminger in Xero shares in June 2014 sparked an inquiry by the NZX’s market surveillance team and, the current market manipulation case against him underway in the High Court at Auckland... More »

MARKET CLOSE: NZ shares drop, Orion Health and Xero lead index lower while Air NZ bounces
27 Sep, 5:35pm
New Zealand shares fell in school holiday trading, with Orion Health Group and Xero dropping while Air New Zealand bounced after recent losses... More »

Intueri chairman Chris Kelly says 74% share price slump 'a bit of an overreaction'
27 Sep, 2:50pm
Intueri Education Group chairman Chris Kelly says the market has had "a bit of an overreaction" to today's news that an Australian government audit of its subsidiaries across the Tasman could threaten the viability of the company... More »

UPDATE: Hellaby shares climb 8.6%, almost matching Bapcor's $322.5 mln takeover offer
27 Sep, 2:15pm
Hellaby Holdings shares climbed 8.6 percent to $3.29, just below the price offered by Australian-listed autoparts firm Bapcor's $322.5 million takeover bid... More »

Tauranga angel network launches new crowdfunding platform for sophisticated investors
27 Sep, 1:00pm
Tauranga's Enterprise Angels network of investors in early stage companies has launched a new crowdfunding platform to make it easier for sophisticated investors to access those opportunities... More »

Australian expert to say Warminger's trades didn't breach law, lawyer tells court
27 Sep, 12:40pm
An Australian expert in market manipulation will give evidence that none of the trades identified by the FMA in its case against Milford Asset Management portfolio manager Mark Warminger created a false or misleading appearance in the market... More »

Neil Quigley to chair RBNZ's board of directors, replacing Rod Carr
27 Sep, 11:05am
Neil Quigley has been elected chair of the Reserve Bank's board of directors, replacing Rod Carr who is leaving early... More »

Taranaki's Vintage Farms to pay at least $87,000 after paying below minimum wage
27 Sep, 11:00am
Vintage Farm Trust, which operates two dairy farms in Taranaki, has been ordered to pay at least $87,000 for employment law breaches including paying workers below the minimum wage and failing to keep records... More »

Intueri shares slump 87% on Australian audit that could threaten viability
27 Sep, 10:30am
Intueri Education Group shares slumped 87 percent after the company said there was a risk that an Australian government audit of its subsidiaries across the Tasman could threaten the viability of the company... More »

Australia's Bapcor mounts $322.5 mln takeover bid for Hellaby
27 Sep, 10:05am
ASX-listed autoparts firm Bapcor has mounted a $322.5 million takeover bid for NZX-listed Hellaby Holdings as it looks to extend its reach into New Zealand's local auto market... More »

While you were sleeping: Stocks slide before debate
27 Sep, 8:45am
Wall Street fell ahead of the first US presidential debate between candidates Hillary Clinton and Donald Trump... More »

Trilogy director Sigaloff sitting on $664,000 'paper profit' as share options vest
27 Sep, 8:45am
Trilogy International independent director Mandy Sigaloff is sitting on a paper profit of $664,000 after she exercised share options granted prior to her appointment in 2013... More »

NZ dollar gains as Kiwi story shines ahead of US presidential debate, reduced risk appetite
27 Sep, 8:40am
The New Zealand dollar rose as the nation's relatively robust economy and relatively high interest rates made it a standout as risk appetite abates ahead of today's US presidential debate... More »

Stride Property trims scale in new plan for Wellington's Johnsonville Mall
26 Sep, 5:45pm
Stride Property Group, the NZX-listed property investor, has sought resource consent to redevelop the Johnsonville Shopping Centre in Wellington's northern suburbs... More »

MARKET CLOSE: NZ shares drop, led by Ebos, Tower and A2 Milk
26 Sep, 5:45pm
New Zealand shares fell in light trading, with Ebos Group, Tower and A2 Milk leading the index lower... More »

Stalled TPP 'biggest concern' in growing tide of trade protectionism, Key says
26 Sep, 5:30pm
Failure to ratify the Trans-Pacific Partnership could trigger a growing tide of protectionist trade policies around the world, Prime Minister John Key has warned... More »

NZ dollar falls to 4-week low as November cuts seem locked in, trade data weakens
26 Sep, 5:20pm
The New Zealand dollar fell to a four-week low on growing expectations the Reserve Bank will cut the official cash rate in November and after government figures showed the biggest monthly trade deficit in two years... More »

Pyne Gould, Bath Street agree to drop High Court claims over Perpetual Trust sale
26 Sep, 3:40pm
Pyne Gould Corp and Bath Street Capital won't go to court over what's owed in relation to Pyne Gould's sale of Perpetual Trust... More »

Auckland property investor lending tumbles 18% in August as restrictions bite
26 Sep, 3:35pm
Lending to property investors buying homes in Auckland fell 18 percent in August after the Reserve Bank imposed new lending restrictions in July... More »

Milford fund manager faces 10 causes of action in first market manipulation case to go to trial
26 Sep, 2:40pm
"Market manipulation strikes at the heart of the pricing system on which all investors rely", said Justin Smith QC, counsel for the Financial Markets Authority, at the start of the country’s first such case to go to trial... More »