Sharemarket News

NZ shares rise; F&P Healthcare helped by weak dollar, Ryman, Arvida fall
20 Oct, 5:47pm
New Zealand shares rose as Fisher & Paykel Healthcare led gains among companies that benefit from a weaker kiwi. Ryman Healthcare and Arvida Group led retirement village operators lower on concern the new government's policies may sap demand... More »

NZ dollar heading for weekly drop of 2.5% on uncertainty over new govt
20 Oct, 5:29pm
The New Zealand dollar continued to fall and was headed for a weekly drop of 2.5 percent as investors digest news that Jacinda Ardern will be the next prime minister after NZ First leader Winston Peters said he would support a Labour-led government... More »

Ardern promises proactive govt, regional support as she names Labour Cabinet members
20 Oct, 5:29pm
Prime Minister-elect Jacinda Ardern has announced her cabinet, although their portfolios will stay unknown until next week... More »

ComCom right to reject media merger, court hears
20 Oct, 2:56pm
In the fifth day of the media merger appeal, the Commerce Commission's lawyers have begun their arguments against overturning the regulator's rejection of the country's two largest print media companies joining together. ... More »

Auckland Airport infrastructure spend to come under microscope in ComCom review
20 Oct, 1:54pm
The Commerce Commission will pay particular attention to Auckland International Airport's planned $1.8 billion infrastructure spend in the regulator's upcoming airport price review. ... More »

SkyCity runs ruler over Darwin after 'tough year'
20 Oct, 12:47pm
SkyCity Entertainment Group has hinted it may seek an investment partner to help develop its underperforming Darwin business in Australia, and hasn't ruled out a future sale of the asset... More »

NZ dollar, stocks drop as 3-way government replaces certainty of 3 terms of National
20 Oct, 12:42pm
The New Zealand dollar fell as much as 2 percent and the benchmark stock index dropped more than 1 percent as the certainty of a three-term National government, under which the economy grew and equities rallied, was replaced by a coalition that may prove... More »

NZ annual net migration continues to cool in September as more Kiwis eye exit
20 Oct, 12:24pm
New Zealand's annual net inflow of new migrants continued to cool in September as the lure of Australia starts attracting local residents across the Tasman... More »

Metlifecare buys waterfront land in Auckland's Hobsonville for new $240M village
20 Oct, 9:17am
Metlifecare plans to spend $240 million developing a new retirement village in Auckland's Hobsonville with the acquisition of waterfront land in the city's northwestern suburb... More »

NZ dollar falls as NZ First backs Labour-led government
20 Oct, 8:46am
(Adds comment from Labour leader Jacinda Ardern)... More »

While you were sleeping: Apple shares weigh on Wall St
20 Oct, 8:28am
Wall Street slid from record highs as shares of Apple declined amid reports of weaker-than-expected appetite for its iPhone 8... More »

MARKET CLOSE: NZX 50 charts new record; Comvita leads, Spark, Port of Tauranga gain
19 Oct, 5:35pm
New Zealand shares rose, nudging the S&P/NZX 50 Index to a new record, as Comvita continued to benefit from yesterday's earnings upgrade and Port of Tauranga said first-quarter volumes pointed to stronger annual profit in 2018... More »

NZ dollar weaker, still waiting on Winston Peters
19 Oct, 5:31pm
The New Zealand dollar drifted lower as the market awaits an announcement on the formation of the new government, amid reports that details of the negotiations between the NZ First, Labour and National parties are becoming protracted... More »

NZ commodity exports seen rising 9.2% in 2018, MPI says in latest sector report
19 Oct, 5:01pm
New Zealand's primary sector exports are expected to rise 9.2 percent in the year to June 30, 2018, according to the latest Situation and Outlook for Primary Industries, little changed from the assessment in June... More »

Kraft Heinz buys ANZ Cerebos assets for A$290 million
19 Oct, 4:23pm
Kraft Heinz, which counts Warren Buffett's Berkshire Hathaway as its biggest shareholder, will spend A$290 million buying Cerebos Food & Instant Coffee and Asian Home Gourmet from Suntory Beverage & Food... More »

ASX-listed Retail Food Group takes control of Gloria Jean's NZ master franchise from failed owner
19 Oct, 2:41pm
Retail Food Group, the ASX-listed franchisor of food outlets including Donut King, Brumby’s Bakery and Michel’s Patisserie, says it has taken control of the New Zealand master franchise for the Gloria Jean's chain after the failure of the loca... More »

Port of Tauranga says FY profit to rise as much as 10% after 'very strong' first quarter
19 Oct, 1:37pm
Port of Tauranga forecast 2018 profit will rise as much as 10 percent, saying it expects a strong pick-up in freight volumes in the first quarter to continue... More »

Fliway CEO Hawkseby optimistic of bouncing back after 'tough' 2017, shares gain
19 Oct, 12:27pm
Fliway Group chief executive Duncan Hawkesby expects the transport and logistics firm will bounce back from a "tough" 2017 with all three business lines operating better than a year earlier... More »

Rising cost of housing outpaces income gains in past decade
19 Oct, 12:08pm
The country's average annual household income gained more than 40 percent in the past decade, but was still outpaced by rising housing costs, Statistics New Zealand figures show... More »

UPDATE: Zeta Resources bid for NZ Oil & Gas fails, H&G plans to accept OGOG offer
19 Oct, 11:41am
(Recasts lead and adds comment from H&G managing director David Cushing starting in paragraph five)... More »