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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.


Harmoney, with $30M on hand, wants to be cash-flow neutral before raising new funds
12 Feb, 4:50pm
Harmoney Corp, New Zealand's first and biggest peer-to-peer lender, has raised $30 million of working capital as it steps up plans to launch in Australia this year, but doesn't anticipate seeking more funds until it's cash-flow neutral... More »

Innate Therapeutics co-founder sues for royalties from sales of patented products
12 Feb, 4:20pm
The co-founder of ASX-listed Innate Immunotherapeutics is suing the New Zealand and Australian-based medical biotech company for royalties he claims are owed to him through the sale of patented products... More »

Vero faces bigger bill for Canterbury quakes because of new over-cap EQC claims
12 Feb, 3:15pm
Vero New Zealand, the general insurer owned by Australia's Suncorp Group, has increased its assessment of the likely cost from the series of Canterbury earthquakes by $123 million, largely because of new claims that exceed the Earthqua... More »

Spark's Revera wins IRD's data centre contract for business transformation
12 Feb, 2:50pm
Spark New Zealand's Revera unit has been picked to supply the Inland Revenue Department's data centre services for the new tax system being developed under its business transformation programme... More »

NZ wool prices hold firm even with largest buyer China absent
12 Feb, 2:25pm
New Zealand wool prices held firm at auction even though buyers from China, the country's largest export market, were absent due to the Chinese Lunar New Year holiday this week... More »

Bluescope halves net value of NZ steel assets in A$350 mln writedown
12 Feb, 12:05pm
Australian steel maker Bluescope is to make a A$350 million write down on the value of its New Zealand Steel and Pacific Steel businesses, more than halving the net value of its kiwi assets as part of a A$570 million write down across its Austra... More »

Affco must allow workers to return to day shifts, Employment Court rules
12 Feb, 12:05pm
The Employment Court has ruled Affco must allow 200 Wairoa freezing workers to return to their jobs on the day shifts they would have had if the Talley's-owned meat processor hadn't illegally locked them out... More »

NZ food prices edge up in January
12 Feb, 11:30am
New Zealand food prices rose in January, snapping five months of falling prices, with fruit, vegetables, meat and milk all more expensive... More »

Michael Hill posts 5.1% gain in first-half profit as Australia picks up
12 Feb, 9:40am
Michael Hill International, the listed jewellery retailer, increased first-half profit 5.1 percent as it improved its performance in its key Australian market and boosted margins in New Zealand and Canada... More »

Godfreys hoovers up The Service Company for $2.7 mln
12 Feb, 9:35am
Australian vacuum cleaner firm Godfreys Group has bought New Zealand commercial cleaning firm The Service Company (TSC) for $2.7 million as it seeks to build up the business in a highly fragmented market... More »

NZ dollar advances as higher yields lure investors
12 Feb, 8:40am
The New Zealand dollar advanced even amid fears of a global slowdown, as the country's higher relative interest rates lured investors... More »

While you were sleeping: Stocks, Boeing sink
12 Feb, 7:35am
Equity markets slid amid renewed fears about global economic growth, bolstering the appeal of perceived safe-haven assets like US Treasuries and gold... More »

South Port NZ first-half profit jumps, unexpected lift in tonnage
11 Feb, 5:55pm
New Zealand's southern-most deep water port, South Port New Zealand, saw profits increase by 54 percent in the six months to the end of December 2015 to $5.06 million, despite worries about the global economy... More »

MARKET CLOSE: NZ shares fall on underwhelming SkyCity outlook; Xero, MRP decline
11 Feb, 5:50pm
New Zealand shares fell after SkyCity Entertainment Group, the first to post results this earnings season, reported a gain in first-half profit but left some investors underwhelmed with its outlook. Xero and Mighty River Power fell, wh... More »

NZ dollar gains on greenback weakness driven by US rates, economy outlook
11 Feb, 5:45pm
The New Zealand dollar gained against a broadly weaker greenback on concerns the US economy may not be growing as fast as expected and the track for Federal Reserve interest rate hikes will be slower and lower... More »

Solid Energy in better position than sold-for-a-dollar Aussie coal mine, CEO Clifford says
11 Feb, 5:35pm
Solid Energy is in a stronger position than an Australian coal miner that was sold for A$1 in December, because the failed company has minimised its liabilities ahead of the planned sale of assets, says chief executive Dan Clifford... More »

Shareholders Association to oppose Wynyard 'black hole'
11 Feb, 4:10pm
The New Zealand Shareholders Association says it will oppose security software developer Wynyard's plans to sell new shares below a previously announced price floor of $2 a share when a meeting of investors is held next week... More »

Labour challenges regulator on credit card surcharges
11 Feb, 2:45pm
Labour Party MPs challenged the chair and senior managers of the Commerce Commission to be "more proactive" in their pursuit of consumer issues, with MP Clayton Cosgrove highlighting what he said were uncompetitive surcharges on credit transactions... More »

Booming NZ services sector offsetting lower commodity prices, says Moody's
11 Feb, 2:45pm
Moody's Investors Service is comfortable with its Aaa credit rating on New Zealand with a stable outlook, as it anticipates the impact from lower commodity prices will be offset by strength in areas of the economy such as tourism and e... More »

Telcos earning too little on big infrastructure spend, warns Spark's Moutter
11 Feb, 2:05pm
Investment in the telecommunications sector has hit $1.7 billion annually but could shrink in future if returns don’t rise, warns Spark New Zealand chief executive Simon Moutter... More »

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