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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.

MARKET CLOSE: NZ shares down, Westpac and A2 drop while NZ Refining gains on throughput margins
18 Jan, 5:35pm
New Zealand shares fell, with volumes still low. Westpac Banking Corp, A2 Milk Co and Tegel Group Holdings all dropped though New Zealand Refining Co gained... More »

NZ dollar rises above 72 US cents as Trumpflation trades unwind
18 Jan, 5:05pm
The New Zealand dollar rose above 72 US cents, its highest level since mid-December, as investors in the United States moved to unwind trades based on the anticipated inflationary policies of President-elect Donald Trump... More »

Hawkes Bay kiwifruit farm sells for $40.2mn
18 Jan, 4:15pm
New Zealand’s kiwifruit industry continues to surge ahead and a recent orchard sale underscores confidence in the sector... More »

Steel & Tube staffer pays 97% premium to fully paid for shares held under 24-year old scheme
18 Jan, 11:45am
A Steel & Tube Holdings worker paid a 97 percent premium to cover the rest of what had been partially paid shares issued under the steel product maker's old executive share scheme... More »

Xero mulling chairman Chris Liddell's status after White House appointment
18 Jan, 10:40am
Cloud-based accounting software company Xero says it is still considering whether chairman Chris Liddell's position is compatible with his new role as a White House adviser in the Trump administration and will update the market when a decision is made... More »

NZ Refining reports record annual throughput, margins for 2016
18 Jan, 10:30am
New Zealand Refining, which operates the country's only oil refinery, said Wednesday its annual throughput hit record levels in 2016 and its fee income for the year was the third largest earned by the company in the past 10 years... More »

Liz Coutts named as new chair of Skellerup
18 Jan, 9:25am
Liz Coutts has taken over as chair of industrial rubber goods maker Skellerup Holdings, with Selwyn Cushing stepping down after 10 years in the role... More »

NZ dollar rallies vs greenback after Trump comments, falls vs pound on May speech
18 Jan, 8:30am
The New Zealand dollar rose to a month-high against the greenback after US president-elect Donald Trump said the US currency was too high... More »

While you were sleeping: Dollar too strong for Trump
18 Jan, 8:05am
The US dollar fell after President-elect Donald Trump said the currency was “too strong,” undermining the nation’s competitiveness abroad... More »

Dairy product prices rise, stemming two straight drops
18 Jan, 7:10am
Dairy product prices inched higher at the Global Dairy Trade auction, stemming two consecutive declines... More »

NZ, Israeli business relations seen as sailing through sour diplomatic affairs
17 Jan, 5:35pm
Soured diplomatic relations between New Zealand and Israel aren't expected to derail increasingly cosy business dealings between firms in the in the two nations... More »

MARKET CLOSE: NZ shares down, Air NZ and Vector fall, as markets mixed ahead of May's Brexit speech and Trump inauguration
17 Jan, 5:35pm
New Zealand shares dipped, led lower by Air New Zealand and Vector, with Arvida Group and Tegel Group Holdings rising... More »

NZ dollar little changed before dairy auction as futures fall, traders await May speech
17 Jan, 5:25pm
The New Zealand dollar was little changed, with no tail wind from US financial markets closed for the Martin Luther King Jr holiday, in the run-up to a dairy auction that has seen milk powder futures fall and a Brexit speech by UK Prime Minister... More »

IRD follows IRS lead, audits Microsoft NZ over transfer pricing
17 Jan, 4:25pm
Microsoft New Zealand, the local unit of the world's biggest software company, is being audited by the Inland Revenue Dept over transfer pricing, a practice that can be used by multinationals to minimise tax... More »

Postr raises $3 million from NZVIF, Singapore-based investors to fund expansion into Asia
17 Jan, 3:25pm
Postr Media, an ad-tech company which has contracts with Skinny Mobile and Optus in Australia, has raised $3 million from investors including the New Zealand Venture Investment Fund in its first significant raising... More »

Powerco eyes price hikes to pay for $1.4 billion network upgrade
17 Jan, 2:50pm
Powerco, the gas and electricity lines company owned by fund managers QIC and AMP Capital, wants to raise prices to help fund an upgrade to networks across the North Island that it says could cost as much as $1.4 billion... More »

NZ Oil & Gas takes control of Cue Energy almost two years after launching full takeover offer
17 Jan, 11:25am
New Zealand Oil & Gas has taken control of Cue Energy Resources almost two years after launching a hostile takeover of ASX-listed company saying the move provides exposure to production and exploration interests in Australia, New Zealand and Indonesia... More »

NZ median house price slips 0.8% in December from November's high
17 Jan, 11:00am
New Zealand's median house price fell 0.8 percent in December from November's record high, although regions including Wellington recorded all-time highs... More »

ANZ New Zealand, NZOG join early 2017 executive reshuffle
17 Jan, 10:55am
ANZ Bank New Zealand and New Zealand Oil & Gas are among firms announcing rejigged executive line-ups at the start of the new year... More »

NZ firms stay upbeat in December on building boom, rural recovery
17 Jan, 10:10am
New Zealand businesses stayed relatively upbeat about the state of the economy in the final three months of 2016, as the nation's building boom continued to soak up resources and the recovery in global dairy prices lifted optimism in rural areas... More »

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