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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.

Dorchester closes $30 million capital raise, applications exceed offer
24 Oct, 4:05pm
Dorchester Pacific, the finance company midway through a takeover for Turners Group, has closed its $30 million capital raising saying the offer was oversubscribed... More »

NZX says it doesn't know why shares have declined
24 Oct, 4:00pm
NZX, the stock market operator, said it doesn't know why its share price has declined, in response to a query from its disciplinary arm... More »

Sky TV to launch $20/month subscription video ondemand service
24 Oct, 3:55pm
Sky Network Television, the country's dominant pay-TV operator, will launch a new $20 a month subscription video ondemand service, Neon, in December, targeting non-Sky customers as it faces intensifying competition for viewers... More »

Cavalier shares drop 10% after profit warning
24 Oct, 3:50pm
Shares of Cavalier Corp dropped 10 percent after the carpet maker warned it will probably miss earnings guidance due to a strong kiwi dollar against its Australian counterpart and a high price of wool... More »

Sky TV sees annual profit gain of up to 8.6% in 2015, flags new ondemand service
24 Oct, 1:50pm
Sky Network Television, the country's dominant pay-TV operator, sees annual profit rising as much as 8.6 percent in the 2015 financial year, and plans to upgrade its customer set-top boxes and roll out a new web-based ondemand service... More »

Mark Mountcastle resigns as chief risk officer with Heartland New Zealand
24 Oct, 12:45pm
Heartland New Zealand, the bank which formed after the merger of Canterbury and Southern Cross building societies and Marac Finance, has lost its chief risk officer Mark Mountcastle... More »

DNZ revalues portfolio up by $10.7 million
24 Oct, 12:00pm
DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall... More »

Sealegs turns first-half profit as local market drives sales, Brazil opens new doors
24 Oct, 11:55am
Sealegs Corp, which makes amphibious boats, turned a first-half profit after strong local demand underpinned a pick-up in sales, and as it taps new markets in South America... More »

NZ trade deficit widens in Sept as lower log, dairy prices weigh on exports
24 Oct, 11:00am
New Zealand's monthly trade deficit widened more than expected in September as falling prices for logs and dairy products weighed on exports while imports were boosted by an incoming aircraft... More »

Sky TV signs conditional deal to renew rugby rights; shares gain
24 Oct, 10:15am
Sky Network Television, New Zealand's dominant pay-TV company, has signed a conditional contract to renew its five-year deal with the New Zealand Rugby Union and the SANZAR unions for an undisclosed amount. The shares rose to a two-week high... More »

Jade Software chases growth of 30-50% for Master Terminal unit
24 Oct, 10:10am
  Jade Software, which took its intelligence software developer Wynyard Group public last year, is chasing annual growth of between 30 and 50 percent from its Master Terminal port management software business, which is latching on to a global up... More »

NZ dollar drops to week-low as lower inflation seen weighing on interest rates
24 Oct, 8:50am
The New Zealand dollar declined to a week-low after data yesterday showed inflation accelerated at a slower than expected pace in the third quarter, suggesting interest rates may stay at current levels for longer... More »

While you were sleeping: 3M, Caterpillar lift mood
24 Oct, 7:50am
Wall Street climbed, lifted by better-than-expected earnings from 3M and Caterpillar, and renewed optimism that the US economy might sustain its pace of recovery... More »

CarbonScape seeks $1.5mln from crowd with 'green coke' offer
23 Oct, 4:15pm
CarbonScape, which makes "green" coking charcoal, wants to raise as much as $1.5 million from equity crowd funding to commercialise its product for the steel manufacturing market... More »

Port of Tauranga sees annual earnings growth up to 6.1%
23 Oct, 4:00pm
Port of Tauranga, the country's biggest coastal export hub, sees annual earnings growth of up to 6.1 percent and expects to finish plans to enable big ships to dock at its wharves over the coming year... More »

BNZ chief executive Healy calls on business leaders to help fix five key NZ challenges
23 Oct, 3:25pm
Bank of New Zealand chief executive Anthony Healy has challenged other Kiwi business leaders to think what they can do to contribute to five key issues the country faces... More »

Elders Primary Wool, Primary Wool buy Christchurch Yarns NZ out of receivership
23 Oct, 3:05pm
NZ Yarn, a joint venture between Elders Primary Wool and Primary Wool Cooperative, have bought Christchurch Yarns NZ out of receivership for an undisclosed amount... More »

RBNZ risk management to protect the system, not individual entities
23 Oct, 2:45pm
The Reserve Bank's risk management processes aim to protect the integrity of the entire financial system rather than individual entities, which should be allowed to fail to avoid moral hazard and inefficiency, the regulator says... More »

Pyne Gould sells Epic stake after failing to gain control of the board
23 Oct, 12:35pm
Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, has sold its 27 percent stake in Equity Partners Infrastructure Co No 1 after failing to take control of the investment company and oust its board... More »

NZ dollar drops after tepid inflation opens path lower
23 Oct, 12:30pm
The New Zealand dollar fell about half a US cent after tepid local inflation pushed out the likely timeline for future interest rate hikes and cleared the way for a lower currency.  ... More »

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