Sharemarket News

NZ dollar edges higher, awaiting further impetus
17 Jun, 5:13pm
The New Zealand dollar was slightly stronger as the market awaited further developments affecting global trade and on other geopolitical fronts such as the attacks last week on oil tankers in the Gulf of Oman... More »

Productivity Commission appointments bolster labour, health, environment credentials
17 Jun, 4:00pm
Finance Minister Grant Robertson's two newest appointments to the board of the Productivity Commission will beef up its credentials in the economics of labour and health issues, and environmental policy... More »

Keytone Dairy to buy Australian Omniblend processor for A$22.4M
17 Jun, 2:47pm
ASX-listed Keytone Dairy, which owns a dairy factory in Christchurch, will pay A$22.4 million in cash, shares and assumed debt for Australian powder processor Omniblend. ... More »

"Very real" chance monetary policy will run out of ammo - ANZ
17 Jun, 2:32pm
ANZ Bank says there is a “very real” chance that New Zealand's monetary policy will run out of conventional ammunition and suggested the central bank look at a series of unconventional measures, including quantitative easing... More »

NZ economy probably grew 0.6% in 1Q but more rate cuts still expected
17 Jun, 12:41pm
Strong building work and better-than-expected retail sales data likely underpinned New Zealand’s economic growth in the March quarter, but economists are still picking more rate cuts... More »

Local travellers boost guest nights in April on Easter, Anzac holidays
17 Jun, 11:37am
Domestic travellers underpinned a 5.1 percent increase in accommodation guest nights in April, due to the Easter and Anzac Day holidays coinciding with school break... More »

Hisco's departure from ANZ becomes permanent amid personal expenses concerns
17 Jun, 10:45am
ANZ Bank’s New Zealand chief executive David Hisco’s sick leave has turned into his permanent departure as board concerns about personal expenses surface... More »

NZ services sector activity picks up in May but still tepid
17 Jun, 10:45am
Activity in New Zealand's services sector lifted in May following a three-month lull but remains below the long-term average... More »

Contact's Barnes to depart
17 Jun, 9:31am
Contact Energy chief executive Dennis Barnes is to leave the business early next year... More »

NZ dollar lower on stronger than expected US retail data
17 Jun, 8:41am
The New Zealand dollar was trading lower after stronger than expected US retail data ahead of the Federal Reserve's meeting this week. ... More »

MARKET CLOSE: NZ shares edge higher; US rate uncertainty buoys local blue chips
17 Jun, 8:40am
New Zealand shares rose with blue-chips including Auckland International Airport and Ebos Group hitting new highs as investors remain uncertain about whether US and Australian central banks will cut interest rates. Summerset group fell in unusually busy t... More »

NZ dollar weakens on global tensions, weak local manufacturing
14 Jun, 5:19pm
The New Zealand dollar weakened and is headed for a weekly loss of more than 1 US cent amid ominous developments in the Gulf of Oman and as the escalation of Chinese anti-dumping duties on some steel products made traders more risk-averse... More »

General Capital (GEN:NZ) releases strong preliminary result
14 Jun, 5:10pm
General Capital Ltd, (GEN) the financial services group, which listed in August 2018 by way of a Reverse Acquisition using the listed shell Mykco Ltd has announced its Preliminary Results to 31-03-19... More »

Burger Fuel turns to profit as it changes direction
14 Jun, 4:01pm
Burger Fuel Worldwide says it posted a $1.2 million net profit for the year ended March, a turnaround from the previous year’s $463,000 net loss, as it transitions to a new business model... More »

Contact secures winter gas from OMV
14 Jun, 1:51pm
Contact Energy says it has bought a winter gas supply from OMV as part of a deal that will also give it access to future supplies from the Maui field... More »

Arrow International liquidators find $40M of notional assets
14 Jun, 1:27pm
The first liquidators reports on Arrow International say the company’s main subsidiary has a notional $40 million available for unsecured creditors, not including $4.5 million in retentions held in trust... More »

Forestry encroachment an issue for councils - Sage
14 Jun, 12:00pm
Forestry encroachment onto higher-value farm land is an issue for councils to manage, Lands Minister Eugenie Sage says... More »

NZSA concerned Kiwi Property paying too much in dividends
14 Jun, 11:46am
The New Zealand Shareholders' Association says it is concerned that Kiwi Property Group is paying out more in dividends than it is taking in as cash... More »

NZ food prices rise an annual 1.7% in May, rental inflation steady
14 Jun, 11:42am
New Zealand food prices rose an annual 1.7 percent in May, boosted by more expensive groceries and restaurant and ready-to-eat food. ... More »

Provincial centres lead the way in UFB uptake
14 Jun, 11:36am
Provincial centres have shown the greatest willingness to adopt ultrafast broadband, with deeper penetration in the likes of Nelson, Tauranga and Hamilton than in the nation's major urban centres. ... More »