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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.


Westland Milk follows Fonterra in slashing payout forecast
30 Jul, 9:20am
By Jonathan Underhill     July 30 (BusinessDesk) - Westland Milk Products, the Hokitika-based dairy cooperative, has followed Fonterra Cooperative Group in cutting its forecast payout... More »

NZ dollar falls below 85 US cts after Fonterra cuts payout to farmers
30 Jul, 8:50am
The New Zealand dollar dropped below 85 US cents for the first time in seven weeks after Fonterra Cooperative Group cut its forecast payout to dairy farmers and a stronger US currency saw the kiwi lose some of its allure... More »

While you were sleeping: Caution prevails
30 Jul, 7:20am
Wall Street was flat in cautious trading, with sentiment bolstered by corporate earnings including from Merck and news that Windstream can spin off its telecommunications assets into a tax-lowering real estate investment trust... More »

NZ dollar drops after Fonterra cuts payout forecast more than expected
29 Jul, 5:15pm
The New Zealand dollar fell to the lowest level in almost seven weeks after Fonterra Cooperative Group cut its forecast 2015 milk payout more than some economists had expected, suggesting a bigger impact on the New Zealand economy... More »

Fonterra slashes 2015 milk payout forecast to $6/kgMS; kiwi dollar falls
29 Jul, 4:50pm
Fonterra Cooperative Group cut its forecast 2015 milk price payout by 14 percent, citing a decline in global dairy prices in the face of strong global production, a build-up of inventory in  China and falling demand in emerging markets. The kiwi doll... More »

Pumpkin Patch's Sally Synnott leaves board as retailer reviews board to boost sales
29 Jul, 4:30pm
Pumpkin Patch founder Sally Synnott is retiring from the childrenswear retailer's board to be replaced by Griffin's Foods executive Josette Prince as the business continues a strategic review to revive falling sales and profit... More »

Leighton'-led Wellington Gateway Partnership wins Transmission Gully contract
29 Jul, 3:30pm
The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington... More »

Ross Asset liquidators puts investors on notice over withdrawals
29 Jul, 11:40am
Investors who managed to withdraw funds in recent years from the Ross Asset Management group of companies, found to be a Ponzi scheme, have been put on notice that the liquidators may try to claw back the cash... More »

ERoad shares priced at bottom end of range, owners sell fewer shares
29 Jul, 11:15am
  Shares of ERoad have been priced at $3 apiece, the bottom of its proposed range, and existing owners sold less of their holdings as the logistics and fleet management company raises $40 million in new capital to chase growth in the US... More »

Graeme Hart's Reynolds reviews ownership of Evergreen, Closures, SIG
29 Jul, 11:00am
  New Zealand billionaire Graeme Hart's Reynolds Group is considering the sale of three units that make up more than a third of the global packaging empire's earnings... More »

CORRECT: Abano achieves second year of 75% profit growth
29 Jul, 9:25am
(Corrects underlying profit, sales in second paragraph of story that first ran July 28)   Abano Healthcare, the medical investor that fended off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, be... More »

NZ dollar edges up as traders await swathe of US economic releases
29 Jul, 8:45am
The New Zealand dollar edged up amid US dollar weakness as traders await key US economic releases in coming days... More »

While you were sleeping: US pending home sales drop
29 Jul, 7:25am
Wall Street crawled higher after a disappointing report on housing underpinned concern about the industry’s struggle to recover a day before the US Federal Reserve is starting a two-day policy meeting... More »

NZ dollar slips as Key says kiwi over-valued, Fonterra forecast looms
28 Jul, 5:20pm
The New Zealand dollar fell to a month-low after Prime Minister John Key said he agreed with the Reserve Bank that the currency is over-valued and as traders anticipate an announcement from Fonterra Cooperative Group tomorrow which is expected to include... More »

Abano achieves second year of 75% profit growth
28 Jul, 4:45pm
Abano Healthcare, the medical investor fending off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, beating guidance and allowing it to maintain dividend payments for a sixth straight year... More »

NZVIF's seed fund investment too early to predict returns, CEO Banga says
28 Jul, 4:15pm
The government-backed New Zealand Venture Investment Fund says it's still too early to judge the performance of the Seed Co-Investment Fund, which backs early-stage firms alongside angel investors... More »

Burger King widens annual losses on rising costs, increased competition
28 Jul, 12:40pm
Blackstone Group's Burger King chain in New Zealand widened its loss in 2013 as rising sales, in an increasingly crowded burger market, were offset by higher costs for raw materials and consumables, and increased property and consultan... More »

NZX first-half activity shows boosted volume, falling value
28 Jul, 11:50am
The volume of cash trading on the NZX rose 22 percent in the first six months of the year, compared to a year earlier, with 12 new listings across its debt and equities markets, including four companies debuting on the bourse. The... More »

Dorchester Pacific to bid $3/share for Turners Auctions, wins support from chairman
28 Jul, 10:35am
Dorchester Pacific plans to offer $3 a share in cash, shares and notes for Turners Auctions, valuing the auction company at $82 million, after winning support from chairman and major shareholder Michael Dossor... More »

Major Acurity shareholders launch all-cash takeover bid
28 Jul, 10:00am
The three biggest shareholders of Acurity Health Group have launched a cash takeover bid for the 29 percent they don't own, valuing the private hospital operator at $112.2 million, saying the firm faces a big struggle lifting its flagship W... More »

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