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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.


Skyline boosts profits on strong tourist growth
30 Jun, 5:00pm
Diversified tourism company Skyline Enterprises is to pay shareholders a 50 cent dividend per share for the 2016 financial year along with a one-off bonus of 5 cents per share to celebrate its 50 years in business... More »

E Tu union, manufacturers to meet next month in Metals collective deal
30 Jun, 4:35pm
E Tu union leaders and manufacturing representatives will pick-up talks next month in a cross-employer collective agreement spanning 600 workers and more than 80 firms... More »

Auditor-General to examine OIO after finance committee request
30 Jun, 3:45pm
The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee... More »

Shippers prefer Firth of Thames over Manukau to replace Auckland Port
30 Jun, 2:30pm
Shipping operators favour a future replacement for the current Auckland port to be sited at the Firth of Thames over another recommended option on the Manukau Harbour... More »

Bathurst gains approval to buy land for coal mining at Nightcaps
30 Jun, 2:00pm
Bathurst Resources, which turned to a loss in its first half in the face of continued weak coal prices, has won Overseas Investment Office approval to buy 85 hectares of forestry land at Nightcaps in Southland... More »

Government won't lower GST threshold for online purchases before 2018
30 Jun, 1:55pm
The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation... More »

NZ business confidence perks up in June as construction, tourism underpin economy
30 Jun, 1:30pm
New Zealand businesses grew more optimistic this month as strong construction and tourism sectors continued to support economic activity, ANZ Bank New Zealand says... More »

Fletcher drops Horokiwi Quarries from Higgins purchase as application delayed again
30 Jun, 1:25pm
Fletcher Building has dropped the Horokiwi Quarries from its application to buy rival construction company Higgins Group Holdings, a step that may help win approval from the Commerce Commission which today delayed its ruling for the second time... More »

O:Tu winemaker Marlborough Wine Estates trades on NXT; eyes Asia, US expansion
30 Jun, 1:25pm
Marlborough Wine Estates Group, the Chinese-owned winemaker, rose 35 percent in its NZX debut after a compliance listing on the NXT market... More »

NZ government extends drought classification for eastern South Island
30 Jun, 12:40pm
The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category... More »

Kiwi bus maker, director Allott embroiled in US fraud case
30 Jun, 12:10pm
Kiwi bus maker Global Bus Ventures (NZ), which is supplying buses to the winner of public transport contracts in South Auckland, and director Murray Allott are entangled in a wide-ranging US lawsuit that alleges fraud, briber... More »

Sky TV, Vodafone play down competitive threat posed by merger
30 Jun, 12:05pm
Sky Network Television and Vodafone New Zealand are playing down the threat to competition posed by a merged telecommunications and pay-TV operator in the markets they currently operate in, which they say has plenty of rivals... More »

NZ residential building consents decline 0.9% in May
30 Jun, 11:45am
New Zealand residential building consents declined 0.9 percent in May with Auckland permits still falling short of demand... More »

Pushpay seeks at least US$30 mln through San Francisco-based investment bank
30 Jun, 11:02am
Pushpay Holdings, whose mobile payment app allows churches to raise money from parishioners, wants to raise at least US$30 million from investors in the US where it is targeting growth... More »

Kathmandu raises annual profit forecast; shares jump 16%
30 Jun, 11:00am
Kathmandu Holdings raised its forecast for annual earnings as the outdoor equipment chain boosts margins from new products, better management of promotional activity and cost savings. Its shares jumped 16 percent... More »

Fonterra announces lower Australian opening farmgate milk price, sees recovery over 2017 season
30 Jun, 9:55am
Fonterra Cooperative Group announced a lower opening price for its Australian farmer suppliers in the upcoming season, and said it expects prices to recover over the year ahead... More »

Z Energy affirms savings forecast from Caltex tie-up; kicks off service station sale process
30 Jun, 9:50am
Z Energy still expects to cut annual costs by between $25 million and $30 million from its acquisition of Chevron New Zealand, and has started the process to sell 19 service stations which was a condition of the tie-up... More »

Financial advisers have lifted their game, Partners Life's Ballantyne says
30 Jun, 9:10am
New Zealand's financial advisers have lifted their game since a new regime came into effect six years ago, leaving the practice of switching life insurance policies between providers untouched... More »

NZ dollar pushes above 71 US cents as investors regain confidence after Brexit vote
30 Jun, 8:45am
The New Zealand dollar popped above 71 US cents overnight as investors regained some confidence after the UK last week voted to leave the European Union... More »

While you were sleeping: Stocks, oil rally
30 Jun, 7:20am
Global equites extended their rally amid bets central banks will help ease the impact of the UK’s decision to leave the EU on the global economy and corporate profits... More »

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