Sharemarket News

Pushpay shares rise as cost-cutting upgrades earnings guidance
20 Sep, 10:53am
Pushpay Holdings shares rise 2.7 percent after it lifted earnings guidance for 2020 by stripping out costs. ... More »

NZ dollar weaker against British pound on EC president's Brexit optimism
20 Sep, 8:48am
The New Zealand dollar fell against the British pound after European Commission president Jean-Claude Juncker signalled a new Brexit deal may be possible before Oct. 31... More »

Todd plans Kapuni drilling campaign
20 Sep, 8:47am
Todd Energy is preparing for a new round of drilling to extend reserves and production at the onshore Kapuni gas field... More »

MARKET CLOSE: NZ shares gain; appetite for KFC helps Restaurant Brands hit record
20 Sep, 8:46am
New Zealand shares rose, led by a recovery in fuel retailer Z Energy and as Restaurant Brands New Zealand hit a record... More »

NZ dollar mixed, buffeted by Fed talk and downunder data
19 Sep, 5:27pm
The New Zealand dollar was mixed after a roller-coaster day of US central bank action and domestic and Australian data... More »

Super Fund can expect lower returns over next decade - review
19 Sep, 5:04pm
The New Zealand Superannuation Fund has delivered excellent returns over the past five years, but should expect those to decline in the next decade, says an independent review... More »

ANALYSIS: Should penalties for continuous disclosure breaches be relaxed?
19 Sep, 1:13pm
Is the liability companies and directors face for breaches of NZX's continuous disclosure rules preventing people from becoming directors?... More »

Fletcher seeks urgent talks on Ihumatao stalemate
19 Sep, 11:23am
Fletcher Building is "disappointed" no resolution emerged from talks brokered by the Kingitanga on the future of the company's delayed housing development at Ihumatao... More »

NZ economy grows 0.5% in June quarter, beating expectations
19 Sep, 10:57am
New Zealand’s economy grew more than expected in the second quarter, with stronger services output offsetting a slide in manufacturing and construction... More »

Restaurant Brands lifts 2Q sales; appetite for KFC offsets ditched Starbucks
19 Sep, 9:52am
Restaurant Brands New Zealand lifted second-quarter sales 3.5 percent as growing demand for the fast-food operator's local KFC chain more than offset the loss of its lacklustre Starbucks Coffee stores... More »

Auckland jet fuel arrangements a potential barrier to new entrants
19 Sep, 9:11am
The three major oil companies’ control of fuelling at Auckland International Airport is a potential barrier to competition and should be reviewed as part of the airport’s redevelopment, a government inquiry says... More »

NZ dollar weaker after Fed split on outlook for further US cuts
19 Sep, 9:10am
The New Zealand dollar weakened after the US Federal Reserve cut rates but were split over the outlook for further cuts... More »

Leading judge says court administration model 'outdated'
19 Sep, 8:53am
A Court of Appeal judge has criticised how New Zealand’s courts are run, labelling the system “outdated” and proposing reform including who should have control of budgets... More »

MARKET CLOSE: NZ shares fall; Goodman placement sees property stocks sold
19 Sep, 8:52am
New Zealand shares fell, with heavy trading in property stocks as investors cleared their books to make way for a $150 million placement in Goodman Property Trust... More »

NZ dollar eases as market eyes pending GDP data
18 Sep, 5:24pm
The New Zealand dollar was a little weaker as the market took bets that June-quarter GDP data out tomorrow will be on the weaker side of expectations... More »

Evolve shareholders demand answers
18 Sep, 5:00pm
New directors at Evolve Education were forced to their feet as shareholders demanded information from the childcare firm’s new management... More »

Strong tourism, low rates keep lid on NZ current account deficit
18 Sep, 2:31pm
New Zealand's persistently strong tourism market and low global interest rates have helped keep a lid on the current account deficit and may continue to do so during the next year and a half... More »

Refining NZ margins jump to 18-month high
18 Sep, 1:36pm
Processing margins at the Marsden Point oil refinery jumped to an 18-month high after the closure of a key US refinery and unplanned outages at plants in Asia... More »

Goodman opts for underwritten $150m placement to raise capital
18 Sep, 1:28pm
Goodman Property Trust's manager says it will raise up to $175 million from a $150 million placement to institutions and up to $25 million in a retail offer to existing unitholders... More »

Kathmandu shares rise 9.3% on strong FY result, solid US performance
18 Sep, 1:06pm
Kathmandu Holdings shares rose 9.3 percent after the company reported annual profit at the top end of its guidance, including a standout performance in the US... More »