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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 down, Fletcher and Sky TV drop on earnings, Tower gains on rival bid
22 Feb, 5:35pm
New Zealand shares dropped, dragged lower after Fletcher Building's first half earnings disappointed, with A2 Milk Co and Sky Network Television also falling.  ... More »

NZ dollar holds gains as investors keep watch on the Fed
22 Feb, 5:20pm
 The New Zealand dollar held on to earlier gains as markets await minutes from the US Federal Reserve's latest meeting and several more speeches from from Fed officials for a steer on where US interest rates may be heading... More »

UPDATE2: Fletcher shares drop after 1H results show weak construction earnings
22 Feb, 5:20pm
(Adds CEO comment on construction contract loss, work in hand starting in sixth paragraph) By Jonathan Underhill Feb. 22 (BusinessDesk) - Fletcher Building shares fell after the company posted a 2 percent gain in first-half profit that included unexp... More »

UPDATE: Spark, 2Degrees granted stay on merger decision for Sky, Vodafone
22 Feb, 5:08pm
(Clarifies timeframe in fourth paragraph) Spark New Zealand and 2Degrees have been granted a stay on the proposed merger between rival Vodafone New... More »

Air NZ joins govt's cross-agency panel for air travel
22 Feb, 4:30pm
Air New Zealand has joined the panel of carriers providing air services in the government's cross-agency contract designed to get the best deal for the taxpayer... More »

Spark, 2Degrees granted stay on merger decision for Sky, Vodafone'
22 Feb, 3:50pm
Spark New Zealand and 2Degrees have been granted a stay on the proposed merger between rival Vodafone New Zealand and pay-TV operator Sky Network Television to consider their legal options... More »

Living Cell Technologies reports wider 1H loss
22 Feb, 3:05pm
Living Cell Technologies, the ASX-listed biotech company with New Zealand-based operations, reported a wider loss in the six months to Dec31 on increased research and development... More »

Coca Cola Amatil's NZ business boosts earnings in 2016 on higher volumes
22 Feb, 3:05pm
Coca-Cola Amatil's New Zealand business generated bigger annual earnings in 2016 as the local bottler of Coke-branded drinks ramped up sales  volumes with skinnier margins as part of a strategy launched three years ago... More »

A2 CEO, chair sell down holdings following strong first-half earnings
22 Feb, 2:00pm
A2 Milk Co's chief executive and chair have sold down their stakes in the milk marketing firm, less than a week after reporting first-half profit more than tripled as demand for its A2 Platinum infant formula surged in its key Australia, New Zealand... More »

TVNZ posts 6.2% decline in first-half earnings as ad revenue falls faster than expenses
22 Feb, 1:50pm
Television New Zealand posted a 6.2 percent decline in first-half earnings as advertising revenue fell faster than operating costs, which the state-owned broadcaster said was a creditable performance in a declining TV market... More »

A rising tide of protectionism could hit NZ dairy sector hard: NZIER
22 Feb, 1:10pm
New Zealand's economy would be hard hit if there is a retreat to protectionism in the global dairy sector, a report from the New Zealand Institute of Economic Research has found... More »

Vocus NZ earnings soar with CallPlus acquisition, targets power bundle for growth
22 Feb, 12:55pm
Vocus Communications' New Zealand earnings soared in the latter half of 2016 as the ASX-listed telecommunications company benefited from the addition of CallPlus when it merged with M2 Group... More »

IAG's NZ profit rises in 1H, warns $117M Kaikoura quake cost puts acid on risk pricing
22 Feb, 12:40pm
insurance Australia Group's New Zealand division boosted first-half earnings although the local business is still wearing the impact of pricier reinsurance, with the Kaikoura earthquakes costing it $117 million... More »

Countdown 1H earnings fall as loyalty, quake costs mount
22 Feb, 12:30pm
The Countdown supermarket chain posted a 4.5 percent drop in first-half earnings due to a strategy of investing in team hours, costs of a new loyalty alliance with AA Smartfuel and uninsured losses related to the November earthquake... More »

UPDATE: Fletcher shares drop after first-half results show weak construction earnings
22 Feb, 11:35am
(Recasts to add share price drop, investor comment, divisional details) Fletcher Building shares fell after the company posted a 2 percent gain in first-half profit that included unexpectedly weak earnings from its construction division... More »

Fairfax NZ's 1H revenues and earnings down as advertising revenue falls
22 Feb, 11:30am
Sydney-based publisher Fairfax Media says its New Zealand unit's revenue and earnings fell in the first half on the back of ongoing weakness in print advertising revenue... More »

UPDATE: Ebos boosts first-half profit 7.2%, raises annual earnings outlook
22 Feb, 11:30am
Ebos Group's recent acquisitions helped the pharmaceutical and animal health products maker lift first-half profit 7.2 percent and fatten its dividend to shareholders, while also bolstering the outlook for annual earnings... More »

Offshore income closing on 10% of Meridian's total, Trump helps smelter
22 Feb, 11:10am
Meridian Energy's revenues from offshore activities are closing in on 10 percent of total income... More »

Rakon director Peter Maire resigns, new directors to be appointed soon
22 Feb, 10:45am
Rakon director Peter Maire has resigned after 16 years at the company, with the board expecting to appoint new directors in the next few weeks... More »

FIRST CUT: Sky TV 1H profit falls 32% as programme costs rise, subscribers fall
22 Feb, 9:30am
Sky Network Television, which is awaiting a decision from the Commerce Commission on a proposed merger with Vodafone New Zealand, posted a 32 percent drop in first-half profit as content costs increased, and revenue and subscriber numbers fell... More »

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