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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.


MARKET CLOSE: NZ shares fall on Greek worries; A2, Xero, Fletcher decline
3 Jul, 5:35pm
New Zealand shares fell as uncertainty over Greece's debt default sapped risk appetite and demand for equities. A2 Milk Co, Xero and Fletcher Building declined. Pumpkin Patch sank to a record low... More »

NZ dollar heads for 1.8% weekly decline as Greek referendum looms
3 Jul, 5:15pm
The New Zealand dollar is heading for a 1.8 percent weekly decline as financial markets remain volatile ahead of Greece's referendum on whether to accept a bailout package from its European creditors, and as the wheels start coming off the local econom... More »

BAT NZ sucks up excise tax hike as annual earnings slip 3.9%
3 Jul, 2:15pm
British American Tobacco Holdings (New Zealand), the nation's largest cigarette company, reported a 3.9 percent decline in annual profit as it absorbed the government's latest hike in excise tax... More »

Murray Radford resigns as chairman of Mowbray as company renames as Bethunes
3 Jul, 2:10pm
Murray Radford will retire as chairman of Mowbray Collectibles as the auction house prepares to rename as Bethunes after selling units and repaying debt... More »

Alliance shareholders confident of forcing special meeting on merger benefits
3 Jul, 12:45pm
Disgruntled Alliance Group shareholders say they hope to have the support from 5 percent of their number within the next 10 days that's required to force a special meeting to discuss the potential benefits and risks of a merger with Silv... More »

Beingmate joins Shenzhen selloff to trade 12% below price Fonterra paid for 18.8% stake
3 Jul, 11:55am
Beingmate Baby & Child Food Co shares have halved in value on the Shenzen stock exchange over the past three weeks, pushing their price 12 percent below what Fonterra Cooperative Group paid for its 18.8 percent stake in the Chinese i... More »

Pumpkin Patch sees drop in 2016 earnings, citing challenging markets; shares drop
3 Jul, 10:50am
Pumpkin Patch, the ailing children's clothing retailer, expects earnings next year will be "significantly below" this year amid increasingly challenging international wholesale markets and adverse forecast currency impacts... More »

Auckland house sales reach 11-year high for June month as winter starts to bite
3 Jul, 10:40am
The number of Auckland house sales were at the highest in 11 years for a June month, while falling from May as winter starts to slow activity, according to Barfoot & Thompson... More »

GE Finance NZ 2014 profit falls 10% as parent continues exit from finance interests
3 Jul, 10:40am
GE Finance and Insurance, part of General Electric's finance arm which is selling down most of its assets worldwide, recorded a 10 percent fall in profit last year, reflecting a decline in finance income and rising costs... More »

NZX trading activity, value of turnover increase in June
3 Jul, 9:30am
The volume and value of trading on New Zealand's stock exchange increased last month, led by a gain in smaller value trades... More »

MRP's Metrix cans Trustpower contract before it begins
3 Jul, 8:55am
By Paul McBeth     July 3 (BusinessDesk) - MightyRiverPower's Metrix metering business has walked away from a deal with Infratil-controlled Trustpower that would have supplied the power... More »

NZ dollar rebounds from fresh five-year low as greenback falls on US job data
3 Jul, 8:55am
The New Zealand dollar rebounded from a fresh five year low overnight after the US dollar weakened following disappointing US jobs data... More »

While you were sleeping: September hike in question
3 Jul, 7:50am
Stocks on both sides of the Atlantic moved lower ahead of a Greek referendum this Sunday, while a US jobs report threw doubt over expectations the Federal Reserve will hike rates in September... More »

MARKET CLOSE: NZ shares rise; F&P Healthcare at record on weak kiwi; Chorus, Spark gain on pricing
2 Jul, 5:40pm
New Zealand shares rose as a weak kiwi dollar boosted sentiment for exporters such as Fisher & Paykel Healthcare. Chorus and Spark New Zealand advanced after the Commerce Commission issued its ruling on wholesale telecommunications prices... More »

NZ dollar drops below 67 US cts as plunging milk price stokes rate cut calls
2 Jul, 5:14pm
The New Zealand dollar dropped below 67 US cents for the first time in almost five years after a plunging milk price stoked calls for the Reserve Bank to cut interest rates more aggressively than previously anticipated... More »

NZ dollar drops below 67 US cts as plunging milk price stokes rate cut calls
2 Jul, 5:15pm
The New Zealand dollar dropped below 67 US cents for the first time in almost five years after a plunging milk price stoked calls for the Reserve Bank to cut interest rates more aggressively than previously anticipated... More »

South Port says annual profit beats guidance on stronger cargo flows
2 Jul, 4:30pm
South Port New Zealand said annual profit beat the top end of its guidance by about 7.1 percent after the Bluff port operator reported stronger cargo flows in the final quarter of the financial year... More »

TPP too big to fail, says visiting US trade deal specialist Petri
2 Jul, 4:20pm
Too much political capital has been invested in the Trans-Pacific Partnership trade deal for it to fail at the final hurdle, says Peter Petri, a professor of international finance at Brandeis University and co-author of a study on the economic benefits... More »

SeaDragon to raise $5 mln via discounted rights issue, placement to fund transition to Nelson factory
2 Jul, 4:10pm
SeaDragon, which announced an overhaul of its board this week, wants to raise at least $5 million through a discounted rights issue and a private placement to help fund the transition to its new Nelson manufacturing facility... More »

Weak dairy prices prompt pull back in expectations for payout to NZ dairy farmers this season
2 Jul, 3:55pm
Weak dairy prices have prompted analysts to pull back their expectations for Fonterra Cooperative Group's payout to farmers this season, with most forecasts now sitting below the dairy exporter's projection... More »

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