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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.

MARKET CLOSE: NZ shares rise, led by Arvida as upbeat earnings buoy investors
24 May, 5:44pm
Arvida Group led the New Zealand share market higher as investors were cheered by positive earnings reports and - like much of Asia - shrugged off news Moody's Investors Service cut its sovereign credit rating on China... More »

Plant & Food Research-Anagenix tie up on the verge of reaping benefits
24 May, 4:46pm
Crown research institute Plant & Food Research is about the reap the benefits from its first commercial partnership - the Innovation Cell - a venture aimed at bringing together science and marketing expertise to rapidly develop, prototype and launch n... More »

NZ dollar slips below 70 US cents
24 May, 5:34pm
The New Zealand dollar dipped below 70 US cents as credit rating agency Moody's Investors Service downgraded China's rating on fears rising debt levels could stifle growth in the world's second-biggest economy, which is also New Zealand's and Australia's... More »

Air New Zealand passenger numbers rise in April
24 May, 3:03pm
Air New Zealand's passenger numbers rose in April as tourists continue to flood into the country, bolstered by the timing of the Easter holiday... More »

Unite Union makes headway in talks with Restaurant Brands
24 May, 2:05pm
Unite Union is still negotiating with Restaurant Brands New Zealand after the union's members, who account for about half the fast food operator's local workforce, went on strike for the first time in a decade. ... More »

SSC to probe Transport Ministry's treatment of whistleblowers
24 May, 1:20pm
The State Services Commission will investigate claims public servants lost their jobs after raising concerns about the actions of fraudster Joanne Harrison at the Ministry of Transport... More »

FMA licenses 201 firms under new securities law regime
24 May, 12:46pm
The Financial markets Authority has issued 201 licenses to a variety of financial services firms in the two-and-a-half years of a new securities law regime... More »

NZ goods exports hit an April record as dairy prices continue to rise
24 May, 11:51am
New Zealand's merchandise exports rose to their highest ever for an April month as increased dairy prices boosted the value of the country's largest commodity for a seventh consecutive month... More »

Mixed blessings for Contact Energy from low southern hydro lakes
24 May, 11:32am
Low inflows of water into the South Island's hydro-electricity storage lakes are expected to knock Contact Energy's earnings in the second half of the current financial year but should boost prices for electricity to residential, commercial and industrial... More »

Arvida, on expansion drive, more than doubles annual profit
24 May, 10:44am
Arvida Group, the retirement village company that listed in 2014, more than doubled annual profit as it expanded its offering and benefited from a buoyant property market... More »

Pacific Edge annual loss widens as US push drives 62% boost in sales
24 May, 10:23am
Pacific Edge widened its annual loss as the cancer diagnostic company's focus on expanding its US footprint drove a 62 percent boost in sales... More »

AFT Pharmaceuticals reports FY17 loss but sees return to profit on the horizon
24 May, 10:08am
AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, reported a full-year loss in the year to March 31 but expects to significantly narrow those deficits this year and return to profitability in the 2018/19 period... More »

Fonterra lifts forecast milk payments for 2017, 2018 seasons on higher prices
24 May, 9:45am
Fonterra Cooperative Group lifted its forecast farmgate payout for this season, and raised its expectations for next season, as the world's largest exporter of dairy products benefits from rising prices... More »

Tower first-half loss narrows as Canterbury quake bill rises again
24 May, 9:42am
Tower narrowed its first-half loss as its underlying earnings improved, offsetting yet another unexpected increase in the cost of the Canterbury earthquakes six years ago... More »

NZ stocks slip as Manchester concert attack drags on investor sentiment, Comvita drops
23 May, 5:55pm
New Zealand stocks dipped, led by Comvita and Spark New Zealand, in cautious trading after a suspected terrorist attack killed at least 19 people and wounded 59 at a pop concert in the English city of Manchester... More »

NZ dollar climbs above 70 US cents on relatively upbeat kiwi fundamentals
23 May, 5:30pm
The New Zealand dollar rose above 70 US cents for the first time in about a month on expectations this week's budget will paint an upbeat picture of the domestic economy at a time political uncertainties have weighed on the greenback... More »

Three fintech start-ups pitch for funds at end of Kiwibank-sponsored accelerator
23 May, 3:50pm
Three of the financial technology start-ups in the Kiwibank Fintech Accelerator programme pitched their ideas to investors before the public demonstration day event in Wellington last week... More »

NZ dollar drifts from month-high as Trump unveils budget proposals, Fonterra forecast
24 May, 8:28am
The New Zealand dollar drifted off a month-high as US President Donald Trump unveiled plans to cut government spending, easing some nerves about the White House's ability to press ahead with reforms, while domestically Fonterra Cooperative Group is p... More »

While you were sleeping: Trump budget relief
24 May, 8:25am
Wall Street moved higher amid initial relief about US Donald Trump’s budget plan... More »

Briscoe's ASX listing won't derail cautious investment approach, chair Meo says
23 May, 2:02pm
Briscoe Group's cautious and methodical approach to making investments or acquisitions won't be cast aside with the retailer's plan to seek a secondary listing on the Australian Securities Exchange, says chair Rosanne Meo... More »

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