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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.

Chch Airport says Air NZ canceled route it will weigh on the South Island economy
31 Mar, 3:15pm
Christchurch International Airport says Air New Zealand's decision to cancel the city's Tokyo seasonal route will hit the South Island economy... More »

NZ business confidence rises to 7-month high in March as agriculture sentiment lifts
31 Mar, 1:55pm
New Zealand business confidence rose to a seven month high in March, led by improved sentiment in the agricultural sector... More »

Anzco posts weaker 2014 profit after taking control of Five Star Beef
31 Mar, 12:55pm
Anzco Foods, New Zealand's third largest meat company, said profit halved in 2014, a year in which it bought out shareholder Itoham Foods' half stake in the nation's only large scale cattle feedlot... More »

NZX's SuperLife lifts Energy Mad stake to 45.6% with $2.2M rights offer underwrite
31 Mar, 11:40am
SuperLife, the funds management business owned by NZX, has lifted its stake in Energy Mad to 45.6 percent after underwriting the unprofitable lightbulb maker's $2.2 million rights offer... More »

NZ building consents fall for a third month in February
31 Mar, 11:30am
New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed... More »

PAYE for NZ businesses proposed in biggest tax shake-up since 1957
31 Mar, 11:10am
The government is floating the idea of businesses paying their tax on a pay as you go (PAYE) basis, like individual taxpayers, in the biggest proposed shake-up of one of the building blocks of the income tax system since its introduction in 1957... More »

Fonterra says its holding its own in Canterbury as farmer suppliers look to new processors
31 Mar, 11:10am
Fonterra Cooperative Group, New Zealand’s largest dairy processor, says it’s holding its own in the dairy intensive Canterbury region, despite reports some of its 10,600 farmers shareholders are lining up to supply milk to its competitors... More »

RESEND: Court of Appeal rejects MTF Sportzone appeal over credit fees
31 Mar, 10:10am
The Court of Appeal has dismissed an appeal by Motor Trade Finance and Sportzone Motorcyles over breaches of the Credit Contracts & Consumer Finance Act and the Fair Trading Act... More »

Kirkcaldie taps former chief Shewell as acting CEO while hunting Milford replacement
31 Mar, 10:00am
Kirkcaldie & Stains, the upscale Wellington department store, named former managing director Philip Shewell as acting chief executive while it searches for a replacement for John Milford... More »

NZ dollar charts record high vs. Australian dollar on RBA rate cut talk, weak iron ore
31 Mar, 8:50am
The New Zealand dollar rose to a record against the Australian dollar on speculation the Reserve Bank of Australia will cut interest rates again as soon as next week, while the price of iron ore, a key export, continues to slide... More »

While you were sleeping: Stocks rally amid deals
31 Mar, 7:55am
Equities rallied amid a flurry of corporate takeovers as well as comments from China’s central bank governor that the government plans to bolster the economy and stoke inflation... More »

NZers see growing benefits from closer economic ties with Asia, wary on investment: survey
31 Mar, 7:45am
New Zealanders see positive spin offs coming from the nation’s growing economic ties across Asia, although they have become wary of investment from the region, which has been blamed for pushing up house prices in Auckland... More »

MARKET CLOSE: NZ shares follow ASX lower, paced by Spark, Xero
30 Mar, 5:35pm
New Zealand shares fell paced by Xero, Spark New Zealand and other dual listed stocks as investors across the Tasman sold off stocks after a major capital raising. Meridian Energy fell ahead of its instalment receipt coming due... More »

NZ dollar slips as traders look ahead to dairy auction, US payrolls data
30 Mar, 5:20pm
The New Zealand dollar fell ahead of key US manufacturing and employment reports, and before a dairy auction where buyers will have to absorb increased volumes of milk powder on offer... More »

NZ dollar may sink to 70 US cents in 2015 on resurgent greenback: BusinessDesk survey
30 Mar, 10:50am
The New Zealand dollar may extend its decline against the greenback this year, on increased signs the Federal Reserve will lift interest rates from a record low, benefitting companies such as Fisher & Paykel Healthcare that get much of their... More »

NZ employment confidence rises with optimism about earnings growth
30 Mar, 10:50am
New Zealanders have become more confident about the labour market and confident they'll be able to earn more in a growing economy... More »

Synlait shares fall 12% after posting a first half loss; lowers full year guidance
30 Mar, 10:45am
Shares of Synlait Milk, the dairy company which has taken a cornerstone stake in Sichuan New Hope Nutritional Foods Co to gain direct interest in a Chinese infant formula brand, fell 12 percent after it turned to a loss in th... More »

NZ puts seven new oil and gas areas put up for tender
30 Mar, 10:35am
A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas... More »

Zespri says kiwifruit volumes back to pre Psa volumes as new season kicks off
30 Mar, 8:50am
Zespri, the world’s largest marketing exporter, says this season’s volumes are forecast to be back to the levels they were prior to the Psa virus hitting the $1.3 billion industry four years ago... More »

NZ dollar falls to one week low vs British pound after BoE's Carney says next move is up
30 Mar, 8:40am
The New Zealand dollar fell to a one week low against the British pound after Bank of England governor Mark Carney said the next move in interest rates would be an increase, despite record low inflation... More »

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