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.
Fulton Hogan 1H earnings dip on weak Aussie economy 6 Mar, 10:55am
Fulton Hogan, the privately held construction firm, says first half pre tax earnings dropped 10 percent as Australia's economic woes kept a lid on spending in the resources and state sectors, while the strong kiwi dollar eroded profit earned across t... More »
Banks relieved as RBNZ drops '5-plus' test for home loans 6 Mar, 10:05am
The major banks are breathing a sigh of relief that the Reserve Bank of New Zealand has dropped proposals that would have deemed anyone owning five or more residential properties as a commercial borrower, although the Property Institute is unhappy with th... More »
Air NZ bins automatic travel insurance after warning from ComCom 6 Mar, 9:35am
Air New Zealand, the national carrier, will scrap its pre-selected travel insurance option after receiving a formal warning from the Commerce Commission, which is cracking down on businesses misleading consumers with 'opt out' additional product... More »
Warehouse lowers annual profit, dividend forecast on weaker trading 6 Mar, 9:20am
Warehouse Group lowered its forecasts for annual profit and dividends after New Zealand's largest listed retailer posted weaker first half earnings as its Red Sheds and Noel Leeming units missed expectations... More »
NZ economy to grow close to 3% in 2015 as building offsets dairy decline: Moody's 6 Mar, 8:40am
New Zealand's economy is expected to grow at an annual pace close to three percent this year as increased building activity in its two biggest cities, Auckland and Christchurch, offsets the sharp decline in dairy prices last year, according to global rati... More »
While you were sleeping: European stocks, bonds rally 6 Mar, 8:05am
European stocks climbed, while the euro dropped to the lowest level in more than 11 years, after the European Central Bank said it will start wider asset purchases next week... More »
RBNZ starts consulting on tougher rules for property speculators 5 Mar, 3:40pm
The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, which continue to rise strongly... More »
Bridges pushes NZ as 'most ready in the world' for electric cars 5 Mar, 11:50am
Transport and Energy Minister Simon Bridges has officials investigating ways to accelerate the uptake of electric vehicles, although is ruling out incentives or subsidies in what he says is "the most EV ready country in the world" because of New Zealand's... More »
Seeka post-harvest shed destroyed in fire, earnings likely to be unaffected 5 Mar, 9:20am
Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, doesn't expect earnings to be materially affected by a fire that destroyed a shed at its Oakside post harvest site in Tauranga, with insurance likely to cover the costs... More »
While you were sleeping: Eyes on US jobs, ECB 5 Mar, 8:10am
Wall Street fell after a softer than expected private jobs report and a decline in oil prices, while stocks in Europe gained ahead of a European Central Bank gathering that should reveal more about its plans for additional monetary stimulus... More »
