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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 shares up, Ryman and A2 gain while Fonterra, Infratil fall
22 Jan, 5:36pm
New Zealand shares gained, led higher by Ryman Healthcare and A2 Milk Co on some positioning ahead of upcoming earnings, while Infratil and Fonterra Shareholders Fund dropped... More »

NZ dollar unchanged in local trading as markets watch US developments
22 Jan, 5:11pm
The New Zealand dollar was unchanged in the local session as investors took a wait-and-see stance on developments in Washington after the US federal government shut down and legislators remained at an impasse on a temporary funding agreement... More »

Robertson's rocket for Treasury over child poverty modelling error
22 Jan, 5:05pm
Finance Minister Grant Robertson had some choice - but unrepeatable - words for the Treasury Secretary, Gabriel Makhlouf, when it emerged the government's lead economic agency had over-estimated the impact of Labour's flagship families package replacing t... More »

Green Cross community head Simon Lipscombe leaves to head Compass NZ food service group
22 Jan, 5:04pm
Green Cross Health's community health chief Simon Lipscombe will leave the listed primary health care group to lead the New Zealand arm of food and support services firm Compass Group... More »

Labour signals slow track for most contentious labour law reforms
22 Jan, 5:03pm
The government will announce a timetable for legislating a range of long-signalled reversals to labour law changes made by the previous administration later this week, but is placing its intention to introduce new Fair Pay Agreement legislation on a slowe... More »

New spray dryer planned at Waikato Innovation Park as sheep milk ramps up
22 Jan, 5:02pm
A new $45 million food spray dryer is being planned for Food Waikato as demand from the sheep milk industry ramps up, says Waikato Innovation Park chief executive Stuart Gordon... More »

Euro Corp to defend fair trading charges over steel mesh standards
22 Jan, 5:02pm
Euro Corporation will defend charges laid by the Commerce Commission accusing the steel products maker and distributor of breaching the Fair Trading Act in the sale of a ductile steel mesh product... More »

Fonterra criticises Beingmate after 'extremely disappointing' earnings downgrade
22 Jan, 2:51pm
Fonterra Cooperative Group has criticised struggling infant formula producer and distributor Beingmate Baby & Child Food, which it uses to sell its Anmum formula in China, after the Chinese company cut its forecast earnings overnight... More »

Augusta lines up third property for industrial property fund
22 Jan, 9:55am
Augusta Capital has made a conditional offer to buy a property owned by one of its syndicates that it wants for the industrial property fund slated to be launched this year... More »

Blis cuts annual earnings guidance as impact of tough first half lingers
22 Jan, 9:48am
Blis Technologies reported a positive third quarter result but said that, combined with an ongoing recovery in the fourth quarter, won't offset a tough first half and it lowered full-year guidance... More »

NZ dollar hold below 73 US cts as investors shrug off US govt shutdown
22 Jan, 8:43am
The New Zealand dollar held below 73 US cents at the local open as investors largely shrugged off Washington legislators' inability to reach a deal and avoid a shutdown of Federal government services... More »

World Week Ahead: Results from Netflix, Caterpillar
22 Jan, 8:37am
Wall Street, at record highs, is expected to largely shrug off the US federal government’s shutdown and instead focus on the latest corporate earnings including from Nextflix, Procter & Gamble, Caterpillar and General Electric... More »

MARKET CLOSE: NZ shares up as A2, Genesis rally, while Pushpay drops
19 Jan, 5:33pm
New Zealand shares gained, led by a recent rally in A2 Milk Co and as Genesis Energy rose on a strong quarterly report, while investors continued to sell down Pushpay Holdings after last year's massive gains... More »

NZ dollar heads for weekly 0.7% gain, all eyes on possible US govt shutdown
19 Jan, 5:17pm
The New Zealand dollar is heading for a 0.7 percent weekly gain as the world waits to see if US policymakers reach a deal to avoid a shutdown... More »

Trustpower affirms earnings guidance as wholesale prices stay high; notes low hydro levels
19 Jan, 1:15pm
Trustpower affirmed annual earnings guidance, having raised its outlook three times this financial year on strong wholesale electricity prices, and noted the low hydro lake levels are threatening to trigger a high-priced event in 2018... More »

OceanaGold's Macraes gold mine misses production target
19 Jan, 11:35am
OceanaGold Corp's Macraes gold mine in Otago missed its production target for 2017, taking longer to access higher grade ore than anticipated, but expects increased extraction this year... More »

Prime Minister Jacinda Ardern pregnant, Winston Peters to step in as acting PM
19 Jan, 11:13am
Prime Minister Jacinda Ardern is pregnant, due in June, and deputy Prime Minister Winston Peters will take over the role for six weeks after the baby is born... More »

NZ dollar gains as threat of US govt shutdown weighs on greenback
19 Jan, 8:55am
The New Zealand dollar rose back above 73 US cents as the looming deadline for US policymakers to extend funding for the federal government to avoid a shutdown weighed on the greenback and pushed up US interest rates... More »

While you were sleeping: Wall St pauses after Dow climbs to record
19 Jan, 8:34am
Wall Street was mixed, after the Dow rose to a record high earlier in the day, as the latest corporate earnings proved a mixed bag too... More »

MARKET CLOSE: NZ shares mixed, Fisher & Paykel, Air NZ drop while Kiwi Property rebounds
18 Jan, 5:36pm
New Zealand shares were mixed as Fisher & Paykel Healthcare fell on the stronger Kiwi dollar while property stocks rebounded from earlier selling... More »

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