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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.


Fulton Hogan 1H earnings dip on weak Aussie economy
6 Mar, 10:55am
Fulton Hogan, the privately held construction firm, says first half pre tax earnings dropped 10 percent as Australia's economic woes kept a lid on spending in the resources and state sectors, while the strong kiwi dollar eroded profit earned across t... More »

Banks relieved as RBNZ drops '5-plus' test for home loans
6 Mar, 10:05am
The major banks are breathing a sigh of relief that the Reserve Bank of New Zealand has dropped proposals that would have deemed anyone owning five or more residential properties as a commercial borrower, although the Property Institute is unhappy with th... More »

Air NZ bins automatic travel insurance after warning from ComCom
6 Mar, 9:35am
Air New Zealand, the national carrier, will scrap its pre-selected travel insurance option after receiving a formal warning from the Commerce Commission, which is cracking down on businesses misleading consumers with 'opt out' additional product... More »

Warehouse lowers annual profit, dividend forecast on weaker trading
6 Mar, 9:20am
Warehouse Group lowered its forecasts for annual profit and dividends after New Zealand's largest listed retailer posted weaker first half earnings as its Red Sheds and Noel Leeming units missed expectations... More »

NZ economy to grow close to 3% in 2015 as building offsets dairy decline: Moody's
6 Mar, 8:40am
New Zealand's economy is expected to grow at an annual pace close to three percent this year as increased building activity in its two biggest cities, Auckland and Christchurch, offsets the sharp decline in dairy prices last year, according to global rati... More »

NZ dollar falls after RBNZ looks for ways to curb residential property investment
6 Mar, 8:35am
The New Zealand dollar fell after the Reserve Bank said it is looking at ways to curb lending to residential property investors, which could pave the way for it to lower interest rates... More »

While you were sleeping: European stocks, bonds rally
6 Mar, 8:05am
European stocks climbed, while the euro dropped to the lowest level in more than 11 years, after the European Central Bank said it will start wider asset purchases next week... More »

RBNZ starts consulting on tougher rules for property speculators
5 Mar, 3:40pm
The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, which continue to rise strongly... More »

Fonterra ponders new bond offer for institutions and retail investors
5 Mar, 3:25pm
Fonterra Cooperative Group, the world's largest dairy exporter, is looking at raising an disclosed amount of new capital through a bond offer... More »

Vector chair Stiassny calls for regulatory change to incentivise electricity innovation
5 Mar, 3:05pm
Michael Stiassny, chairman of Auckland lines company Vector, says current regulation doesn’t incentivise the electricity sector to foster new technology into the market... More »

NZ could reap $190M/year benefit becoming first nation to allow beyond-line-of-sight drones
5 Mar, 2:55pm
Allowing drones to operate beyond the operator’s line of sight could provide economic gains of up to $190 million a year to New Zealand's farming, forestry and energy sectors, according to a report commissioned by Callaghan Innovation... More »

Open Country posts record annual profit on surge in sales, sees 'strong' 2015
5 Mar, 12:25pm
Open Country Dairy, the dairy manufacturer controlled by Talley's Group,  reported a record profit for 2014 as revenue growth outpaced rising cost of sales, and said it expects a "strong" result in 2015... More »

Bridges pushes NZ as 'most ready in the world' for electric cars
5 Mar, 11:50am
Transport and Energy Minister Simon Bridges has officials investigating ways to accelerate the uptake of electric vehicles, although is ruling out incentives or subsidies in what he says is "the most EV ready country in the world" because of New Zealand's... More »

Briscoe posts 17% gain in annual profit, in line with forecast
5 Mar, 11:45am
Briscoe Group, the homeware and sporting goods retail chain, posted a 17 percent gain in annual profit, in line with its forecast, as it widened margins on more efficient operations... More »

Don't wait for FTA before acting on India, says India-NZ business council chair
5 Mar, 10:00am
New Zealand companies looking to do business in India should move beyond a mutual love of cricket and not wait for a free trade agreement before seeking opportunities in the fast growing Indian economy, says Sunil Kaushal, chairman of... More »

Seeka post-harvest shed destroyed in fire, earnings likely to be unaffected
5 Mar, 9:20am
Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, doesn't expect earnings to be materially affected by a fire that destroyed a shed at its Oakside post harvest site in Tauranga, with insurance likely to cover the costs... More »

NZ dollar hits new record vs. euro ahead of ECB quantitative easing
5 Mar, 8:45am
The New Zealand dollar rose to a record against the euro ahead of a European Central Bank meeting tonight where it's expected to detail plans for its quantitative easing programme starting this month... More »

While you were sleeping: Eyes on US jobs, ECB
5 Mar, 8:10am
Wall Street fell after a softer than expected private jobs report and a decline in oil prices, while stocks in Europe gained ahead of a European Central Bank gathering that should reveal more about its plans for additional monetary stimulus... More »

JPMorgan's NZ branch gets formal warning from central bank over lack of risk assessment plan in 2013
4 Mar, 5:45pm
JPMorgan Chase Bank's New Zealand branch have been given a formal warning by the Reserve Bank for a four-month period in 2013 when it didn't have appropriate risk assessment measures in place to meet anti-money laundering legislation... More »

MARKET CLOSE: NZ shares fall; Meridian, MRP, DNZ drop on weakening yield demand
4 Mar, 5:40pm
New Zealand shares fell, led by Meridian Energy and MightyRiverPower as demand abated for companies with dependable dividend streams. Warehouse Group rose ahead of reporting its earnings this week... More »

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