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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.



Westpac Banking Corporation (NZX: WBC) Sells General Insurance Business to Allianz and Enters 20 Year Distribution Agreement
2 Dec, 12:50pm
The sale price of $725m represents a multiple of 1.3x FY20 gross written premium and is estimated to result in a small post-tax gain on sale in FY 2021. The sale adds around 12 bps to Westpac’s common equity Tier 1 capital ratio... More »

NZX Limited (NZX: NZX) Investor Day and Earnings Guidance Update
2 Dec, 10:10am
2020 EBITDA (operating earnings) is expected to be around the top of the guidance range of $30.0 million to $33.5 million. This is consistent with the update in NZX’s Interim Results released in August... More »

Synlait Milk Limited (NZX: SML) Sustainability Report Shows GHG Emissions Improvements
2 Dec, 8:58am
A key report highlight is that Synlait’s on-farm emissions reduced 5% over the past year or 7% compared to the company’s FY18 base year when targets were established. Off-farm reduced by 16% compared to FY18... More »

IPO Offer: New Zealand Rural Land Co
2 Dec, 8:53am
New Zealand Rural Land Company (“NZRLC”) is raising capital ($75m minimum to $150m maximum) to acquire rural land in New Zealand... More »

Infratil Limited 6-year Infrastructure Bonds
2 Dec, 8:52am
Infratil Limited (“Infratil”) announces that its offer of unsecured, unsubordinated fixed rate Infrastructure Bonds to New Zealand retail and institutional investors is now open... More »

Allied Farmers Limited (NZX: ALF) Launch of Renounceable Rights Issue
2 Dec, 8:49am
Eligible Shareholders have the opportunity to participate in the renounceable rights issue of 1 New Share for every 3 Existing Shares held, at an issue price of 50 cents per New Share, to raise up to approximately $2,975,788... More »

NZ Windfarms Limited (NZX: NWF) VVFPA Document Completion and FY2021 EBITDAF Guidance Range
1 Dec, 4:15pm
As a result of the renewed Variable Volume Fixed Price Agreement, the Company announced its FY2021 EBITDAF guidance range of $5.7m to $6.3m. While this is below last year’s record EBITDAF of $8.0m it stills represents the second best result... More »

Property for Industry Limited (NZX: PFI) Signals Positive Valuation Outcome
1 Dec, 10:15am
Property for Industry Limited is pleased to announce an expected annual increase from independent valuations in the value of its property portfolio of approximately $75 million or 5% to $1.634 billion... More »

SkyCity Entertainment Group Limited (NZX: SKC) Update on SkyCity Adelaide, Including Opening of Expansion
1 Dec, 9:27am
SkyCity Entertainment Group Limited advises that, from today, its Adelaide casino and entertainment facilities are no longer subject to a maximum capacity limit of 100 people per venue following the announcement by the South Australian Government... More »

Sky Network Television Limited (NZX: SKT) Announces Chief Executive Change
1 Dec, 9:19am
Sky Network Television Ltd Chair Philip Bowman announced the company’s Chief Executive Martin Stewart is leaving the Company to return home to Europe. Sophie Moloney, Sky’s current Chief Commercial Officer, has been appointed Chief Executive... More »

Evolve Education Group Limited (NZX: EVO) Share Consolidation
1 Dec, 9:08am
Shareholders will receive one EVO ordinary share for every eight EVO ordinary shares held at 5pm on the Record Date of Tuesday, 15 December 2020. In order for the Share Consolidation to be processed EVO will be halted on Ex Date, Monday, 14 December 2020... More »

IPO Offer: New Zealand Rural Land Co
1 Dec, 8:37am
New Zealand Rural Land Company (“NZRLC”) is raising capital ($75m minimum to $150m maximum) to acquire rural land in New Zealand... More »

Infratil Limited 6-year Infrastructure Bonds
1 Dec, 8:35am
Infratil Limited (“Infratil”) announces that its offer of unsecured, unsubordinated fixed rate Infrastructure Bonds to New Zealand retail and institutional investors is now open... More »

Geneva Finance Limited (NZX: GFL) Half Year Pretax Results Up 44%
30 Nov, 5:25pm
The group reported a pre-tax profit of $3.3m, 44% up on last year. Profit after tax, attributable to the Geneva Group shareholders, totaled $3.0m up 108% on last year... More »

Cooks Global Foods Limited (NZX: CGF) Half Year Results
30 Nov, 5:17pm
The Coivd-19 lockdowns and the other related implications reduced group sales by 50% from $3.8 million to $1.9 million compared to the same period last year. The net operating loss increased only slightly from $0.6 million to $0.8 million... More »

Heartland Group Holdings Limited (NZX: HGH) 2020 Annual Shareholder Meeting
30 Nov, 2:23pm
The Group remains capable of declaring an interim dividend at half year in line with previous 'usual' dividends, should performance and conditions be supportive... More »

Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) FY21 Second Quarter Dividends
30 Nov, 12:27pm
Stride today declared a combined cash dividend for the second quarter of FY21 of 2.4775 cents per share. The Dividend Reinvestment Plan remains suspended for the FY21 second quarter dividends... More »

QEX Logistics Limited (NZX: QEX) Half Year Results Announcement
30 Nov, 10:56am
Revenue for the period was $19.4 million compared to $27.8 million in the prior corresponding period. The net loss after tax for the period was $5.9 million which includes a $4.3 million loss before tax relating to the missing inventory... More »

Kathmandu Holdings Limited (NZX: KMD) Resignation of Kathmandu Holdings Group CEO Xavier Simonet
30 Nov, 10:44am
Kathmandu announced today the resignation of Group CEO Xavier Simonet. After five and a half years with the company, Xavier has decided to pursue another opportunity with the Australian Public Service in a senior role... More »

NZX Market Operations – Extension of ‘Adjust’ Trading Session
30 Nov, 9:00am
NZX Product Operations wishes to advise that today’s ‘Adjust’ trading session in X-stream will be extended to 45 minutes to accommodate the last trading date in advance of the November Semi-annual Index Review for the MSCI Equity Indices... More »

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