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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.

Auckland convention centre cost jumps by a fifth
19 Dec, 3:15pm
SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling... More »

Tweaked Connor ownership soothes regulator's concerns in Acurity takeover
19 Dec, 3:10pm
The Commerce Commission has signed off a takeover bid for Acurity Health Group by its three biggest shareholders after tweaks to the holding company ownership structure soothed the competition regulator's concerns the deal would reduce competition in... More »

Minister Flavell to push law review to drive Maori agribusiness
19 Dec, 2:05pm
Maori Development Minister Te Ururoa Flavell expects to table legislation in the second half of next year to make it easier for Maori land owners to make decisions on land use in an effort to drive agricultural business development... More »

US start-up accelerator Y Combinator invests in Canterbury software company
19 Dec, 1:55pm
US start-up accelerator Y Combinator is investing in kiwi software start-up GlassJar which provides people an easy way of managing their flat finances... More »

NZ business confidence eases in December, still buoyant
19 Dec, 1:25pm
New Zealand business confidence slipped in December, while staying largely upbeat, as inflation remains tame in spite of a growing economy and exporters see improving times ahead... More »

Immigration rises to a fresh record, fuelled by returning kiwis, Indian students
19 Dec, 11:40am
New Zealand's annual migration rose to a record for the fourth consecutive month in November, led by fewer kiwis crossing the Tasman, more returning from Australia, and a sharply rising number of student arrivals from India... More »

Total job advertising trending down from highs, Auckland still rising steadily
19 Dec, 11:25am
Total job advertising has taken an end of year dip, falling 0.1 per cent in November after seasonal adjustments, following a 0.3 percent drop the previous month, according to the ANZ Job Ads index... More »

Steel & Tube mulls position as interim judgment finds in favour of Lewis Holdings
19 Dec, 11:00am
Steel & Tube Holdings is considering its legal position after an interim judgment found in favour of Lewis Holdings' $1.75 million claim over a disputed lease contract... More »

Britannia takes down TV ads, working with FMA over UK pension ads
19 Dec, 10:55am
Britannia Financial Services, a UK pension transfer agency whose advertisements feature "financial motivator" Brendon Johnson, has tweaked its website and paused television advertising after the Financial Markets Authority raised concerns about peopl... More »

Stuart McLean moves to Trade Me as Xero ditches chief revenue role
19 Dec, 10:00am
Stuart McLean will join the executive team at Trade Me Group, the online auction site, after Xero, the cloud based accounting firm, ditched his former role as chief revenue officer... More »

ComCom pushes out final decision on Chorus copper line pricing
19 Dec, 9:20am
The Commerce Commission has pushed out the timeline for a final decision on what price Chorus can charge on its copper line network as it deals with a large amount of complex information, and said its initial view is that the regulated price should be bac... More »

NZ dollar edges up after Swiss National Bank imposes negative rates
19 Dec, 8:55am
The New Zealand dollar edged up after the Swiss National Bank imposed negative deposit rates in a bid to keep a cap on the nation's currency, leaving Australasian nations as relatively safe places for investors to park their money over the holiday period... More »

While you were sleeping: Global equities surge
19 Dec, 8:05am
Equities extended Wednesday’s rally on Federal Reserve Chair Janet Yellen’s promise to “be patient” with interest rates, bolstered by data showing the US economy continues to accelerate... More »

FMA warns against misleading UK pension scheme transfers advertising
18 Dec, 3:55pm
The Financial Markets Authority is warning against misleading advertising about transferring UK pension scheme entitlements to New Zealand to avoid incoming tax and legislation charges... More »

Crown Asset Management discontinues South Canterbury Finance claim
18 Dec, 3:35pm
Crown Asset Management, the government entity set up to wind down the remaining assets of finance companies that called on the retail deposit guarantee, has discontinued its civil claim against the former directors of South Canterbury Finance, but isn't s... More »

Tourism Holdings lifts annual profit forecast to $17 million
18 Dec, 2:45pm
Tourism Holdings, the biggest campervan rental company in Australia and New Zealand, has lifted its forecast for first half and annual earnings for a second time on favourable trading conditions... More »

Spark's Lightbox, Coliseum in JV to gain foothold in crowded market
18 Dec, 1:35pm
Lightbox, Spark New Zealand's online content business, will broadcast premium sports via a joint venture with Coliseum Sports Media New Zealand as it looks to gain a foothold in the "crowded online TV marketplace"... More »

Finzsoft boss to make discounted takeover bid with Singapore's Silverlake
18 Dec, 1:00pm
Andrew Holliday, managing director of Finzsoft Solutions, intends to make a discounted takeover bid for the financial software developer in partnership with Silverlake Axis, the Bermuda based IT company... More »

All Black Dan Carter increased his shareholding in newly listed Arvida
18 Dec, 12:35pm
All Black Dan Carter said he increased his shareholdings in the retirement village sector when supporting the initial public offer of Arvida Group which debuted on the NZX this morning... More »

LIC takes majority stake in Brazilian JV partner
18 Dec, 12:10pm
Livestock Improvement Corp, which provides testing and artificial breeding services to the dairy industry, has purchased a majority interest in its Brazilian genetics distributor, NZ Brasil Genetics Producao Animal for an undisclosed sum... More »

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