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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.


Scott Technology lays off 13 staff, moves to more temp workers, EPMU says
26 May, 2:25pm
Scott Technology, the industrial automation firm, has laid off 13 workers telling them the company wanted to rely on more temps to fill orders, according to the union representing staff... More »

Chorus says RMA fix needed as fibre rollout stumbles on shared driveways, multi-unit homes
26 May, 1:30pm
Chorus, the regulated telecommunications network operator, has called on the government to enact changes to the Resource Management Act to speed fibre rollout to multi unit properties and those with shared driveways, which currently takes six times longer... More »

Orion Health reports $61M full-year loss, beats prospectus on recurring revenue
26 May, 11:20am
Orion Health, the healthcare system software developer, reported a $60.8 million loss for the year to March 31, in line with its strategy to grow revenues before becoming profitable, and beat its prospectus forecast for annualised revenue g... More »

NZ trade surplus narrows as expected in April as whole milk powder exports decline
26 May, 11:00am
New Zealand’s trade surplus narrowed as expected in April as whole milk powder exports to China declined... More »

FMA gives NZX clean bill of health for its regulation of markets
26 May, 10:05am
The Financial Markets Authority has given New Zealand's markets operator, NZX, the thumbs up for the way it has complied with statutory obligations to run the markets in a fair, orderly and transparent way and for the first time has made no recommend... More »

SkyCity lifts minimum convention centre investment to $430M, says total cost could reach $470M
26 May, 9:35am
SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million... More »

Tower posts first-half loss on increased quake costs, underlying earnings rise in line with guidance
26 May, 9:30am
Tower, the general insurer, reported a loss in the first half as the cost of earthquake claims from the Canterbury earthquakes rose, exceeding its reinsurance cap for the February 2011 event, even as underlying earnings rose in line with expectations... More »

NZ dollar little changed in quiet trading as major markets closed for holidays
26 May, 8:45am
The New Zealand dollar was little changed overnight with major markets in the US and the UK closed for public holidays... More »

MARKET CLOSE: NZ shares rise, led by Contact; F&P, MetroGlass advance
25 May, 5:40pm
New Zealand shares rose after Contact Energy said it would return surplus cash to shareholders. Fisher & Paykel Healthcare and Metro Performance Glass gained ahead of reporting their earnings... More »

New health and safety law likely to be softened on small employers' fears
25 May, 5:40pm
Health and safety reforms sparked by the Pike River coal mine disaster look set to be softened either by a select committee considering new legislation or by the Cabinet, Prime Minister John Key said... More »

Sanford 1H profit falls 18% on $6.8 mln mussel plant, fleet write-downs
25 May, 5:20pm
Sanford, New Zealand's largest listed fishing group, reported an 18 percent drop in first-half profit as it wrote down the value of its fleet and Christchurch mussel processing plant... More »

Pacific Edge gets FMA warning over disclosure, must compensate shareholders
25 May, 5:20pm
Pacific Edge, which commercialised a non-invasive test for bladder cancer, has agreed to make a $500,000 compensation payment to shareholders after an investigation by the Financial Markets Authority found that the company probably breached NZX listi... More »

NZ dollar holds above 73 US cts as investors await US economic data
25 May, 5:15pm
The New Zealand dollar held above 73 US cents as investors await data out of the US to gauge the strength of the world's biggest economy after Federal Reserve chair Janet Yellen said she expected the central bank would hike interest rates this year... More »

El Nino weather pattern may dent NZ agricultural output, BNZ says, citing historic data
25 May, 4:00pm
The El Nino weather pattern that meteorological forecasters are predicting this year is likely to reduce New Zealand's agricultural output, based on historic data, economists at Bank of New Zealand say... More »

NPT posts 16% drop in annual profit on smaller lift in valuations
25 May, 2:10pm
NPT, the listed property investor, posted a 16 drop in annual profit, reflecting a bigger uplift in the year earlier period from a revaluation of properties... More »

Triliogy declares first dividend as annual profit more than triples
25 May, 2:00pm
Trilogy International, the skincare products and scented candle maker, announced its first dividend after annual profit more than tripled on Australian sales growth and the first earnings from its Ecoya candle brand... More »

Apple Fields' directors fined $30,000 over filing omissions
25 May, 1:10pm
Justin Prain and Mark Schroeder, directors of the formerly NZX listed Apple Fields, have been fined $30,000 each for failing to file financial statements for three years... More »

NZ Dollar Outlook: Kiwi may decline as outlook for US economy brightens
25 May, 12:15pm
The New Zealand dollar is expected to head lower this week as traders bet an improving US economy will push the greenback higher... More »

Nuplex projects 64% gain in Asia sales by 2018 as capacity expansion bears fruit
25 May, 11:25am
Nuplex Industries, which makes resins used in industrial coatings and paint, is forecasting a 64 percent gain in sales in Asia by 2018 as its expansion of plants in China, Vietnam, Thailand and Indonesia bears fruit... More »

UPDATE: Contact shares rocket up on capital return plans
25 May, 10:40am
Contact Energy shares jumped more than 14 percent after the energy generator and retailer said it had ditched plans for now to invest in geothermal schemes offshore and will increase returns to shareholders, including a special dividend... More »

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