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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.


TRS extends Mega takeover timetable, confirms US$7mln raised
1 Aug, 5:15pm
TRS Investments, the vehicle being used to list data storage and encryption company Mega, has announced a two-month extension to Oct. 31 to gain shareholder approval for the transaction... More »

Oji Holdings cleared to acquire CHH Pulp & Paper
1 Aug, 5:05pm
Japan's Oji Holdings Corp has been granted antitrust approval to acquire Carter Holt Harvey’s pulp, paper and packaging businesses from billionaire Graeme Hart... More »

Christchurch City seeks to mop up remaining shares in Lyttelton Port
1 Aug, 4:10pm
Christchurch City Holdings, the city's infrastructure investment arm, says it will offer to buy the 20 percent of Lyttelton Port Co it doesn't already own and has a lock-up agreement for Port Otago's 15.5 percent holding. The shares soared on the news... More »

Pengxin widens NZ farm portfolio, buying 13,800 hectare Lochinver Station
1 Aug, 3:30pm
Shanghai Pengxin Group is adding to its portfolio of New Zealand dairy assets with agreement to acquire the 13,800 hectare Lochinver Station near Taupo reportedly worth $70 million... More »

Trade Me property's industry-owned rival says it won't be affected by 'desperate fee cutting'
1 Aug, 3:15pm
Trade Me Group's main rival for property listings, industry-owned realestate.co.nz, doesn't expect its "dominance" in the market to be affected by New Zealand's largest auction company cutting its fees for agents... More »

Xero says on target with accelerated cash burn as it takes on workers
1 Aug, 1:30pm
Xero, the cloud-based accounting software company, said a 47 percent increase in quarterly cash burn is on budget as it hires workers and takes on rival Intuit in the US market... More »

Christchurch considers selling strategic assets stake to fund rebuild
1 Aug, 12:45pm
Christchurch City Council is contemplating the sale of a strategic stake in the holding company that controls the city's port, airport and electricity network to help close the growing gap between its available funding and the likely size of its shar... More »

RESEND: NAB's boss Thorburn takes BNZ's Renee Roberts back to Australia
1 Aug, 11:40am
Andrew Thorburn, head of National Australia Bank, has lured Renee Roberts back to Australia, from her executive role with Bank of New Zealand to be part of his new leadership team... More »

Kathmandu says July cold snap boosted sales, earnings; shares jump
1 Aug, 11:20am
Kathmandu Holdings says a cold snap last month in Australia and New Zealand helped generate more sales than anticipated when the outdoor apparel and equipment retailer announced a profit warning in June. The shares rose 5.1 percent... More »

Hellaby writes off $26.9 mln goodwill on struggling shoe stores
1 Aug, 10:40am
Hellaby Holdings, the diversified investment company, will take a $26.9 million impairment against its 2014 earnings to write off goodwill on its shoe stores Hannahs and Number One Shoes, after two years of poor performance... More »

Argosy sells Waitakere Mega Centre for $45.8M to reduce retail property exposure
1 Aug, 10:40am
Argosy Property sold its Waitakere Mega Centre in Henderson, Auckland, for its $45.8 million book value as New Zealand's fourth-largest listed property investor seeks to reduce exposure to retail property... More »

UPDATE: Gentrack shares slump 19 percent to below IPO price on profit warning
1 Aug, 10:20am
Shares of Gentrack Group  plunged as much as 19 percent  after the airport and utility software company said it won't meet prospectus forecasts for sales and profit because of a customer dispute and a delayed contract upgrade... More »

NZ dollar slips as greenback lifts on labour data ahead of payrolls report
1 Aug, 8:55am
The New Zealand dollar weakened as US labour market data strengthened the greenback, bolstering optimism of an upbeat US non-farm payrolls report today which may reinforce the case for the Federal Reserve to hike rates sooner than pexpected... More »

While you were sleeping: Adidas wrong-foots
1 Aug, 8:00am
Equities on both side of the Atlantic sank amid concern about US interest rate policy, a surprise profit warning from Adidas and a decision by Argentina to default on its debt... More »

UBS rates out-of-favour Chorus a 'buy', Telecom cut to a 'sell'
31 Jul, 3:20pm
Chorus, whose shares have halved in value from their 2012 peak, offers long-term value given the prospects for ultra-fast broadband, while Telecom faces a challenge rebranding in a competitive services market, UBS analysts say... More »

Trade Me will probably lure back real estate listings from rival after backing down on fees
31 Jul, 3:10pm
Trade Me Group, New Zealand's largest auction website, will probably lure back real estate listings from its rival realestate.co.nz after yesterday backing down on a 10-month push to hike fees under a new structure, an analyst says... More »

Judges probe as Chorus appeals Comcom pricing
31 Jul, 1:45pm
Telecommunications infrastructure operator Chorus has opened its case in the Court of Appeal, challenging a High Court decision in April upholding the Commerce Commission's lower-than-expected regulated prices for broadband internet services del... More »

NZ exporters should market more premium products to boost China sales, Boyd says
31 Jul, 12:45pm
New Zealand exporters struggling to meet Chinese demand for commodities such as milk powder, logs and lamb flaps, should look to market more premium products to an increasingly worldly, wealthy Chinese consumer, according to Shanghai-based... More »

CDL Investments posts 44% gain in first-half profit on surge in section sales
31 Jul, 12:05pm
CDL Investments, the residential property developer controlled by Millennium & Copthorne Hotels New Zealand, posted a 44 percent gain in first-half profit after doubling its sales of sections at developments in Auckland, Hamilton and Rollest... More »

FMA approves equity crowdfunding licence to PledgeMe and Snowball Effect
31 Jul, 10:25am
The Financial Markets Authority has awarded its first equity crowd funding licences to two platforms, nearly five months after the process first began... More »

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