Sharemarket News


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.

Metlifecare likely to see share price surge, says First NZ Capital
5 May, 4:58pm
Analysts are picking a likely upsurge in the share price of retirement village operator Metlifecare in coming months due to a ramp-up in development, change in leadership, and supportive conditions... More »

'Under pressure' Weldon froze funding for Grain Exchange that led to losses, court hears
5 May, 4:55pm
Former NZX chief executive Mark Weldon was under pressure from his board over the performance of acquisitions and over his own performance when he stopped funding for Clear Grain Exchange, Wellington's High Court has heard... More »

No road user charges feature in govt's electric vehicles package
5 May, 4:40pm
Drivers of electric vehicles won't have to pay road user charges and will be allowed to drive in bus lanes as part of a new government plan to double EV numbers annually to a target 64,000 by 2021... More »

Cyber-attacks a standard part of doing business with China, security experts say
5 May, 4:05pm
China has been cited as one of the most active countries for cyber crime attacks at New Zealand's first Cyber Security Summit in Auckland... More »

RMA reforms running into heavy weather at select committee
5 May, 4:00pm
The select committee considering reforms to the Resource Management Act is hearing a chorus of concern about proposals to limit rights of appeal on resource consents, expansion of ministerial powers, and other fears... More »

Key's lawyer, Whitney, no longer a lawyer
5 May, 2:50pm
The man routinely described as Prime Minister John Key's lawyer, Ken Whitney, is not in fact a lawyer anymore... More »

Industry to advise on new cyber crime unit; SMEs credentials scheme planned
5 May, 2:52pm
Communications Minister Amy Adams is setting up a private sector advisory board to help set up and run the new national Computer Emergency Response Team and introducing a cyber credentials scheme for small businesses later this year... More »

NZ Super Fund 'happy' with Z Energy stake as shares hit record high
5 May, 2:55pm
The New Zealand Superannuation Fund said it is happy to remain a holder of shares in Z Energy, which reached a record high today, after Australian media reports suggesting it planned to sell its 10 percent stake in the fuel retailer... More »

UPDATE: Fonterra cuts Australian farmgate milk price, offers loan to farmers
5 May, 2:30pm
Fonterra Cooperative Group cut its forecast farmgate milk price to its Australian dairy farmers for the current season, saying it better reflects the oversupply of milk which is weighing on global dairy commodity prices. It also offered those farmers... More »

GeoOp shareholders approve merger with InterfaceIT, vote in Sharp as director
5 May, 2:30pm
GeoOp shareholders have overwhelmingly approved a merger with Australian mobile sales app developer InterfaceIT and welcomed Roger Sharp to the board, where he is to replace Mark Weldon as chairman... More »

Fonterra cuts Australian farmgate milk price, offers loan to farmers
5 May, 1:05pm
Fonterra Cooperative Group cut its forecast farmgate milk price to its Australian dairy farmers for the current season, saying it better reflects the oversupply of milk which is weighing on global dairy commodity prices... More »

Government to speed up processing of overseas investment applications, OIO fee hike will lift staff numbers
5 May, 12:30pm
The government has flagged plans to speed up the overseas investment regime, hiking application fees to allow the Overseas Investment Office to take on more staff and clarifying exemption rules... More »

UPDATE: Bank of NZ bad debt provision jumps 83% in first half on dairy exposure
5 May, 11:55am
Bank of New Zealand's charge for bad and doubtful debts jumped 83 percent in the first half as the local unit of National Australia Bank doubled its provision against its dairy book in the face of a sustained downturn... More »

Turners raises annual earnings guidance on strong performance, shares gain
5 May, 11:45am
Turners raised its full-year profit forecast as all its trading operations maintained strong performance in the last quarter of the financial year. Its shares rose 4.6 percent... More »

Government to spend $22.2 million to help combat cyber crime, Key says
5 May, 10:55am
The government will spend $22.2 million over the next four years to help combat cyber crime... More »

National Australia Bank's NZ cash earnings drop 3% on dairy provision
5 May, 10:45am
National Australia Bank's New Zealand cash earnings dropped 3 percent in its first half as the lender took impairments against its rural loan book because of the dairy industry downturn while its net interest margin shrank... More »

NZX securities market trading climbs 47% in April
5 May, 9:30am
NZX cash trading jumped 47 percent by volume in April from the same month last year with gains in both equity and debt security transactions... More »

NZ dollar unchanged as investors await US payrolls report after mixed economic data
5 May, 8:50am
The New Zealand dollar was little changed as investors mulled mixed US economic data releases overnight as they await the key US nonfarm payroll data tomorrow for a steer on the outlook for growth in the world's largest economy... More »

While you were sleeping: Equities drop on data
5 May, 7:20am
Wall Street declined as worse-than-expected US economic data and disappointing earnings bolstered concern about the outlook for corporate profits... More »

MARKET CLOSE: NZ shares fall led by Air NZ, Xero while SkyTV rally continues
4 May, 6:00pm
New Zealand shares fell, not maintaining yesterday's gains as Air New Zealand, Xero and Skellerup dropped though Sky Network Television gained... More »

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