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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.

Blis Technologies forecasts first profit of more than $700k in 2017
28 Jul, 6:00pm
Blis Technologies, the biotechnology firm, expects to post a profit of at least $700,000 for the 2017 financial year... More »

MARKET CLOSE: NZ shares rise; Comvita, A2 Milk gain, Steel & Tube extends slide
28 Jul, 5:45pm
New Zealand shares gained in relatively subdued trading ahead of earnings season. Comvita and A2 Milk rose while Steel & Tube Holdings dropped... More »

NZ dollar rises above 71 US cents on lack of urgency from Fed to hiking rates
28 Jul, 5:35pm
The New Zealand dollar rose above 71 US cents for the first time since the start of last week after traders took the Federal Reserve's latest policy review as a signal that it won't rush to raise interest rates until later this year... More »

Westland Milk names former Danone executive Toni Brendish as CEO
28 Jul, 5:10pm
Westland Milk Products, the Hokitika-based dairy cooperative, has appointed Toni Brendish as its new chief executive... More »

Hart's wealth falls but he retains top spot in NBR's 30th anniversary rich list
28 Jul, 4:15pm
New Zealand's richest man, Graeme Hart has seen his wealth plummet in this year's National Business Review rich list to $7 billion from $9 billion as the publication marks the thirtieth anniversary of its annual examination... More »

Energy Mad hails 'turning of the corner' at AGM
28 Jul, 3:20pm
Energy Mad, the energy efficient light-bulb maker, says it made an unaudited operating profit of $348,000 in the first three months of its financial year 2017, hailing a modest "turning of the corner" as it focuses on state-supported schemes in Australia... More »

China Animal Husbandry to take 72% stake in Mataura Valley Milk, fund $200M plant
28 Jul, 12:55pm
State-owned China Animal Husbandry will take a 72 percent stake in Mataura Valley Milk in exchange for funding construction of a $200 million milk powder manufacturing plant in Gore... More »

Genesis Energy CEO England wastes no time overhauling executive team
28 Jul, 12:40pm
Genesis Energy chief executive Marc England, who took up the role in May, has announced an overhaul of his management team, with three executives departing and Chris Jewell confirmed as chief financial officer... More »

FMA issues conduct guidance as market correction risk grows
28 Jul, 11:25am
The Financial Markets Authority wants firms to have a better idea of its view on good business conduct as it races to shore up the country's regulatory framework in an environment of growing risk of market corrections... More »

Palliser Estate founder shareholder Richard Riddiford dies after short illness
28 Jul, 11:15am
Richard Riddiford, the wine industry personality who founded and co-owns Martinborough-based Palliser Estate Wines, has died after a short illness at the age of 65... More »

Quin takes Callaghan beyond 'start-up', leaving others to chase All Black-sized ambitions
28 Jul, 11:00am
Next week Mary Quin will drop her dog off at the boarding kennels before hopping on a plane bound for her nephew’s wedding in Poland... More »

Commerce Commission considers Wallace rendering plant merger
28 Jul, 10:50am
The Commerce Commission is considering a merger of meat rendering plants... More »

ANZ Bank's Australian court victory in fees class action won't deter NZ litigants, Hooker says
28 Jul, 10:10am
Australia's High Court has dismissed an appeal in a class action suit against fees charged by ANZ Banking Group but the ruling won't necessarily derail a similar representative action over bank fees in NZ that were put on hold pending the outcome... More »

NZ dollar gains after cautiously upbeat Fed; Japan unleashes more stimulus
28 Jul, 8:40am
The New Zealand dollar rose after the Federal Reserve said near-term risks for the world's biggest economy were diminishing, keeping on track expectations for an interest rate hike this year... More »

While you were sleeping: Dollar gains on Fed
28 Jul, 7:40am
The US dollar climbed, while Wall Street reversed earlier losses, after Federal Reserve policy makers signalled that interest rates might rise this year... More »

Unexpected bedfellows emerge in early Unitary Plan reactions
27 Jul, 5:50pm
Early reaction to recommendations of Auckland's new Unitary Plan has exposed unexpected bedfellows, with Labour and Auckland's peak business body finding much to criticise, while the Greens and Property Council have lined up to protect cultural heritage... More »

MARKET CLOSE: NZ stocks drop, A2 Milk falls ahead of legal challenge, Fletcher Building gains
27 Jul, 5:40pm
New Zealand shares dipped for a second day in a row, led lower by A2 Milk Co and Steel & Tube Holdings while Fletcher Building rose on construction expectations... More »

NZ dollar gains against 'whippy' yen on stimulus speculation as Fed statement awaited
27 Jul, 5:25pm
The New Zealand dollar rose against the yen after a report that Japan may be preparing to announce a bigger-than-expected stimulus package on Friday... More »

Silver Fern Farms opposition shareholders set out vision
27 Jul, 4:25pm
The leaders of Silver Fern Farm shareholders opposed to the sale of a controlling stake of NZ's largest meat processor to China's Shanghai Maling Aquarius for $261 million have set out a competing vision ahead of a special meeting next month... More »

Goodman Property Trust wants to increase Auckland industrial, business park property
27 Jul, 3:45pm
Goodman Property Trust, New Zealand's second-largest listed property investor, says it believes the best returns will be delivered through industrial and business park properties in Auckland... More »

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