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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 gain; A2, Fletcher, TeamTalk rise, Metro Glass, Infratil fall
29 Mar, 5:35pm
New Zealand shares gained, led by A2 Milk Co and Fletcher Building, while TeamTalk extended its rally. Metro Performance Glass and Infratil fell... More »

NZ dollar slips vs Aussie as commodity prices rise; gains vs pound on Brexit
29 Mar, 5:21pm
The New Zealand dollar fell against the Australian dollar as commodity prices shored up demand for the Aussie, while gaining against the British pound after UK Prime Minister Theresa May signed the formal letter that will trigger the nation's official sep... More »

Russia willing to re-start NZ free-trade talks frozen over Crimea conflict
29 Mar, 4:12pm
Russia is willing to restart free trade talks with New Zealand that were halted after the annexation of the Crimean peninsula, but Trade Minister Todd McClay says it is too soon to resume negotiations with the world's 12th-biggest economy... More »

Ryman gets approval for second Melbourne village
29 Mar, 1:41pm
Ryman Healthcare has been given the go-ahead to proceed with a second retirement village in Australia's second largest city, with the first residents at the new Melbourne site expected to move in next year... More »

Māori rights at stake from Kermadec ocean sanctuary, iwi leader says
29 Mar, 1:18pm
Jamie Tuuta, Te Ohu Kaimoana's chairman, says iwi and Māori have "taken our eye off the ball" and the Kermadec Ocean Sanctuary Bill had made it abundantly clear that Māori rights are at stake... More »

NZ companies lift spending on R&D but still lag behind OECD average
29 Mar, 11:43am
Increased spending by businesses helped boost New Zealand's total research and development expenditure 20 percent since 2014, but the country still lags behind the average for the Organisation for Economic Cooperation and Development... More »

Rejecting NZME, Fairfax merger on plurality grounds 'illogical and incomplete'
29 Mar, 10:53am
The Commerce Commission's concerns that a merger of dominant news publishers NZME and Fairfax New Zealand would stifle the number of voices in the media is a backward-looking assessment that would be "illogical and incomplete", the publishers&nb... More »

Synlait posts 3.8% gain in 1H profit, expects 'modest' full-year earnings growth
29 Mar, 10:51am
Synlait Milk, the NZX-listed dairy company, posted a 3.8 percent lift in first-half profit as higher sales offset increased investment in people and business development... More »

Future Mobility Solutions says Malaysia makes order for 23 amphibious craft
29 Mar, 10:49am
Future Mobility Solutions says it has received an order for 23 amphibious craft from the Malaysian Civil Defence Force, a deal worth more than $3 million and scheduled for delivery in the next 12 months... More »

Infratil sees flat earnings in 2018, still hungry for investments
29 Mar, 9:32am
Infratil is anticipating flat earnings in the 2018 financial year but is confident it can keep boosting returns to shareholders, and is still on the prowl for new acquisitions... More »

Gentrack agrees to buy UK's Junifer Systems for about $79M, extending utility software reach
29 Mar, 9:30am
Gentrack Group has agreed to acquire the UK's Junifer Systems for about $79 million, extending its reach in customer information and billing systems for utilities such as energy retailers... More »

NZ dollar falls after jump in US consumer confidence that may signal economic pickup
29 Mar, 8:56am
The New Zealand dollar fell after a measure of US consumer confidence jumped to its highest level in almost two decades, signalling a pickup in the world's biggest economy... More »

While you were sleeping: Wall St regroups
29 Mar, 8:24am
Wall Street rose, stemming an eight-day drop in the Dow, as US consumer confidence climbed to the highest level in 16 years, while oil also gained... More »

Turners sees annual earnings growth of up to 12%, eyes ASX listing
28 Mar, 6:18pm
Turners expects annual earnings to rise 12 percent as it reaps the benefit of buying motor insurer Autosure and setting up a securitisation funding model to cut costs... More »

Rabobank NZ annual profit falls 14% on higher provisioning for bad dairy debt
28 Mar, 6:13pm
Rabobank New Zealand posted a 14 percent decline in annual profit last year as the rural lending specialist boosted its provisioning for bad debts in the face of the dairy slowdown... More »

MARKET CLOSE: NZ shares edge up; Air NZ rises while A2, Spark drop
28 Mar, 6:07pm
New Zealand shares rose, although the market was mixed, with Air New Zealand gaining after strong operating metrics and A2 Milk Co falling from a record high... More »

NZ dollar sticking to tight range but may see more upside
28 Mar, 5:19pm
The New Zealand dollar stuck to a tight range today but may see more upside as markets continue to flounder after US President Donald Trump's failure to enact healthcare reform... More »

FMA seeks tighter disclosure of non-GAAP measures that can make companies look better
28 Mar, 3:10pm
The Financial Markets Authority has proposed an update to its guidance for companies who use financial information that doesn't follow generally accepted international rules after a survey found three-quarters of them emphasised numbers that made profits... More »

NZ policymakers need to start planning for 5G mobile infrastructure, Vodafone CEO Stanners says
28 Mar, 2:50pm
New Zealand policymakers in the process of making it easier for fibre firms to access certain properties in the roll-out of the ultrafast broadband network need to start thinking about how to remove roadblocks from the looming build of a fifth-generation... More »

EPA rejects claims its charges to Chatham Rock Phosphate were unreasonable
28 Mar, 2:45pm
The Environmental Protection Authority rejected claims by Chatham Rock Phosphate that costs incurred during a marine consent hearing in 2015 were unreasonable and should have been partly met by funds available to the Crown entity... More »

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