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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.

NZ dollar pares gains to be little changed as Fed bets increase, commodities soften
30 Aug, 5:20pm
The New Zealand dollar pared its gains to be little changed as traders added bets that the Federal Reserve will raise interest rates this year and commodity prices fell, weighing on the currencies of raw material exporters... More »

Commerce Commission finds 59 'unfair' terms in energy contracts
30 Aug, 4:50pm
The Commerce Commission's review of household contracts with electricity and gas suppliers has found 59 terms it considers unfair to consumers... More »

Mad Butcher owner Veritas in talks with bank to reschedule loan payments
30 Aug, 4:20pm
Veritas Investments, the owner of the Mad Butcher franchise and Nosh food market outlets, is in talks with its bank over the terms of its debt but believes it can continue as a going concern... More »

European Commission recognises NZ auditor regulations
30 Aug, 4:10pm
New Zealand-regulated auditors can operate in the European Union after the 28 nation bloc's executive, the European Commission, announced it recognised the local audit oversight regime... More »

NZOG to offer 40M share buyback
30 Aug, 1:00pm
New Zealand Oil & Gas is to make a tender offer to shareholders to accelerate the buy back of up to 40 million shares, the company announced... More »

Sharemilkers most likely to face 'undue pressure' from banks, survey finds
30 Aug, 12:00pm
Most New Zealand farmers are broadly happy with the relationship with their banks although more report feeling 'undue pressure', according to a Federated Farmers survey... More »

Pyne Gould avoids suspension with full-year results one day late
30 Aug, 11:55am
Pyne Gould Corp, the investment group that plans to target 'distressed assets', has avoided being suspended from the NZX after filing its annual results a day late, revealing a drop in income and a narrower full-year loss... More »

Jack Matthews to head MediaWorks board
30 Aug, 11:55am
Financially stressed broadcaster MediaWorks will gain high-profile telecommunications entrepreneur Jack Matthews as its chairman from the end of next month... More »

NZ residential building consents slip 11% in July, after spike in June
30 Aug, 11:30am
New Zealand residential building consents fell 11 percent in July, partly reversing a spike higher in June due to applications for retirement villages and multi-unit dwellings... More »

Airways FY profit jumps 54% as NZ aviation booms
30 Aug, 11:00am
Airways New Zealand, the state-owned air traffic controller, posted a 54 percent increase in annual profit and more than doubled its dividend to the Crown as it benefits from increased flights... More »

Tenon's US operations under US$110M private equity offer
30 Aug, 10:00am
Taupo-based wood processor Tenon's US operations are under offer from a New York-based private equity firm for US$110 million that the company's directors say will allow a substantial capital return shareholders... More »

IkeGPS announces timing of further $3 million share sale
30 Aug, 9:35am
IkeGPS, the laser measurement toolmaker, has announced the timing of its planned $3 million share purchase plan... More »

GeoOp narrows full-year loss, meets guidance for post-InterfaceIT revenue
30 Aug, 9:25am
GeoOp, the NZAX-listed management app developer, narrowed its full-year loss and met guidance for revenue, based on pro-forma numbers that assume the inclusion of InterfaceIT... More »

NZ dollar edges up as traders await data for clues on Fed rate hikes
30 Aug, 8:40am
The New Zealand dollar rose as traders await economic data that may provide clues to the timing of US interest rate hikes after US Federal Reserve officials revived expectations of a move this year... More »

While you were sleeping: Solid US consumer spending
30 Aug, 7:55am
Wall Street strengthened, edging closer to fresh record highs, as a report on US consumer spending underpinned Federal Reserve officials’ comments that an interest rate hike might be warranted soon... More »

Wellington Drive posts half-year operating profit on soaring US sales
29 Aug, 6:30pm
Wellington Drive Technologies, the maker of energy efficient motors for commercial refrigerators, has seen revenues rise by 38% in the six months to the end of June on a year earlier, driven by demand in the United States and Canada ... More »

MARKET CLOSE: NZ shares fall; Chorus, A2, Genesis drop, Auckland Airport gains
29 Aug, 5:55pm
New Zealand shares fell after Chorus said profit growth stalled and chief executive Mark Ratcliffe will step down next year. A2 Milk and Genesis Energy also declined while Auckland International Airport and Air New Zealand gained... More »

Analysts revise down Air NZ share price and earnings targets
29 Aug, 5:45pm
Analysts have revised their earnings expectations and valuations for Air New Zealand following a forecast profit drop in 2017, with Craigs Investment Partners analyst Matt Peek describing the 2016 financial year as a “nice take-off, bumpy landing"... More »

NZ dollar falls as Fed rate-hike message digested, non-farm payrolls awaited
29 Aug, 5:15pm
The New Zealand dollar fell after the top two Federal Reserve officials gave an upbeat message about the outlook for US interest rates this year, increasing the focus on upcoming data such as non-farm payrolls... More »

Veritas slumps into loss on Mad Butcher write-offs and Nosh disappointment
29 Aug, 5:15pm
Veritas, the NZX listed hospitality company that owns the Mad Butcher franchise, Nosh food markets and the Better Bar Company has posted net loss of $4.59m in the year to the end of June 2016, compared to a profit of $3.33m a year earlier... More »

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