Sharemarket News

Stocks to watch: Burger Fuel, Fisher & Paykel, Nuplex
3 Sep, 9:40am
Burger Fuel has announced it has no borrowings and cash in the bank, but still lacks the ability to grow, Fisher & Paykel has a new stakeholder, while Nuplex is forecast to face tough trading conditions in the year ahead... More »

Kiwi holds gains as US data buoys risk appetite
3 Sep, 9:20am
The New Zealand dollar held on to yesterday’s gains as solid US data helped keep investors upbeat ahead of today’s American employment data... More »

While you were sleeping: Outlook a bit brighter
3 Sep, 7:10am
Stocks in Europe and on Wall Street held their ground as an unexpected gain in pending home sales, a decline in claims for jobless benefits and better-than-expected retail sales eased concerns about US economic outlook... More »

Fairfax appoints two new directors
2 Sep, 8:41pm
Fairfax Media has appointed two new directors Michael Anderson who starts today and Gregory Hywood whose appointment will take effect on October 4... More »

MARKET CLOSE: NZ stocks buoyed by offshore sentiment
2 Sep, 6:00pm
New Zealand stocks rose for the second time in three sessions, as buoyant Asian and Australian markets helped maintain investor risk appetite on the domestic front... More »

Big Three womens' mag publishers become Big Two
2 Sep, 4:00pm
Australian-owned rivals APN News & Media and ACP Media have become virtually equal forces in the battle for the woman’s magazine reader, after another Aussie publisher, Pacific Magazines, sold its key womens' titles to APN... More »

Pyne Gould's Perpetual unit in talks to buy Aegis WRAP platform
2 Sep, 3:10pm
Pyne Gould Corp.’s Perpetual Group is in talks to acquire ASB Bank’s Aegis WRAP platform. No price was given in their statement... More »

Fonterra hires NZX to design share trading platform
2 Sep, 2:50pm  1 comment
Fonterra has hired securities market operator NZX to help design a platform for shareholders of the world’s biggest dairy exporter to trade stock amongst themselves... More »

High Court throws out Bridgecorp chairman's appeal
2 Sep, 1:10pm
The High Court in Wellington threw out an appeal by Bruce Davidson, the former chairman of failed finance company Bridgecorp, to have his directorship ban lifted... More »

Regulator accuses freight forwarders of price fixing
2 Sep, 11:00am
The Commerce Commission has filed proceedings in the High Court in Auckland against a number of multi-national freight forwarding companies alleging price collusion... More »

Pyne Gould confirms repayment of loan to SCF
2 Sep, 10:40am
Pyne Gould Corp. confirmed that a $100 million loan to South Canterbury Finance has been repaid following the finance company’s collapse into receivership... More »

Talley's extends Affco offer deadline again
2 Sep, 10:10am
Talley’s Group has extended the deadline on its 37 cents-a-share offer to minority shareholders in listed meat processor Affco for a second time, but stressed that it will not budge on the price... More »

Kiwi climbs over US71c as Fonterra milk prices surge
2 Sep, 9:50am
The New Zealand dollar climbed back over 71 US cents as milk prices jumped unexpectedly on Fonterra’s online auction, while global sentiment took a boost from upbeat American data... More »

Stocks to watch: Affco, Auckland Airport, GPG
2 Sep, 9:30am
Talley's has extended its offer deadline for Affco for a second time, Auckland Airport's plans to buy a stake in Queenstown Airport have been put on hold, while Guiness Peat looks set to appoint four new directors in a bid to resolve disputes between the... More »

Fonterra milk prices jump 19% amid nervousness over future supply
2 Sep, 9:00am
The price of whole milk powder jumped by almost a fifth in Fonterra’s online auction as the Russian drought raises concerns about buyers’ ability to secure milk in the future... More »

While you were sleeping: Manufacturing sparks optimism
2 Sep, 7:00am
Equities on Wall Street and across Europe rallied as manufacturing data in the US and China exceeded expectations and provided some much-needed optimism about the global economic outlook... More »

GPG noteholders need to be looked after: Hawkins
1 Sep, 9:16pm  1 comment
Any restructuring of Guinness Peat Group must take adequate account of the position of the company's capital noteholders, says John Hawkins, chairman of the New Zealand Shareholders' Association... More »

NZX CLOSE: Stocks rise on Australia growth
1 Sep, 6:10pm
New Zealand stocks rose for the second time in four sessions, after Australia reported hearty economic growth, lifting lenders ANZ and Westpac... More »

Serepisos on payment plan to meet Hutt City rates
1 Sep, 4:40pm
The Auditor-General moved quickly today to close down suggestions that the Hutt City Council has gone easy on Wellington property developer Terry Serepisos’s rate and development levy payments... More »

ACC lifts stake in NZX
1 Sep, 4:30pm
Accident Compensation has taken advantage of a seven-year-low price for shares in NZX to lift its holding in the securities market operator... More »