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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.


Carbon tax axe will boost Australian renewables, says Trustpower
25 Jul, 4:20pm
Electricity generator Trustpower believes the repeal of Australia's carbon tax will be great for renewable energy, which is likely to be heavily favoured under the federal government's Renewable Energy Targets scheme... More »

Kiwibank exits Goodman Property's $600 mln lending syndicate
25 Jul, 2:05pm
Kiwibank has exited a five-year, $30 million, lending relationship with Goodman Property Trust, New Zealand's largest listed property investor with the remaining 'big four' banks to boost their funding to $150 million each... More »

NZ businesses still upbeat, confidence on the wane
25 Jul, 1:30pm
New Zealand firms remained largely upbeat this month, though confidence is still coming off the boil amid falling dairy prices, a strong currency and rising interest rates, according to ANZ Bank's July Business Outlook survey... More »

UPDATED: Scales shares edge lower on NZX debut raising $30M of new capital to repay debt
25 Jul, 12:50pm
Shares in Scales Corp slipped 0.6 percent in early trading on their NZX debut as the fruit and vegetables logistics company's raised $30 million of new capital to reduce debt... More »

Scales shares edge up 0.6% on NZX debut
25 Jul, 11:10am
Shares in Scales Corp increased 0.6 percent on their NZX debut in the fruit and vegetables logistics company's $148 million initial public offer... More »

Regulator clears ASX-listed InvoCare unit to buy Christchurch crematorium
25 Jul, 10:20am
The Commerce Commission has cleared the way for ASX-listed InvoCare's Bledisloe New Zealand to buy the 70-year old Cremation Society of Canterbury adding two crematoriums to its New Zealand network... More »

Auckland Airport cuts fine deal in US$250M bond issue
25 Jul, 10:05am
Auckland International Airport has sold US$250 million of bonds in the final tranche of a financing package to pay for its capital return to shareholders earlier this year at what it says is the lowest borrowing margin for a facility of its kind for... More »

NZ dollar keeps falling, touches fresh six-week low
25 Jul, 9:15am
The New Zealand dollar was the weakest major currency overnight, touching a fresh six-week low after Reserve Bank governor Graeme Wheeler yesterday signalled conditions were ripe for currency intervention... More »

Chorus suspends dividend payments, tweaks banking covenants
25 Jul, 9:00am
Chorus, the telecommunications network operator, has suspended dividend payments as regulatory uncertainty weighs on its balance sheet, and has renegotiated its banking covenants to give it some financial breathing space... More »

While you were sleeping: Wall Street edges to record
25 Jul, 7:40am
Wall Street continued its ascent, pushing the Standard & Poor’s 500 Index to another intraday record high, amid solid US jobs data and corporate earnings such as from Facebook... More »

MARKET CLOSE: NZ stocks rise, on Xero's NYSE listing plans, Telecom climbs to 2008 highs
24 Jul, 5:40pm
New Zealand shares rose, paced by Xero after the cloud-based accounting software firm said it is mulling a New York listing where shares in Facebook and Apple have rebounded. Telecom Corp rose to the highest since it spun out Chorus, as... More »

Moa completes $500k placement, seeks up to $5.25 mln in discounted rights issue
24 Jul, 3:05pm
Moa Group, the unprofitable boutique beer maker, raised $500,000 from five institutional investors and plans to raise up to $5.25 million in a discounted rights issue to existing shareholders... More »

Canadian Lynx Platinum wins South Island plantinum exploration tender
24 Jul, 1:55pm
Taranaki oil and gas explorer Tag Oil, of Canada, is expanding into the New Zealand minerals sector through its 49 percent ownership of a listed Canadian explorer, Coronado Resources, which has been awarded New Zealand five mineral exploration permit... More »

NZ Post give network services contract to Vodafone, aiming to cut $19.2M annual spend
24 Jul, 1:15pm
New Zealand Post, the state-owned postal service, has awarded a five-year contract to Vodafone New Zealand to redesign its network services... More »

National signals short election campaign with Aug 23 launch
24 Jul, 12:40pm
The governing National Party will campaign for re-election for just four weeks before polling day, Sept 20... More »

FMA satisfied with 'pre-offer' talks before prospectuses, sees no need for further regulation
24 Jul, 11:25am
The Financial Markets Authority sees no need to regulate how issuers and their book runners communicate with institutional investors prior to a prospectus being registered after criticism offer documents were issued too late for the aborted Hire... More »

NZ posts eighth monthly trade surplus in June
24 Jul, 10:55am
New Zealand posted its eighth monthly trade surplus in June, led by overseas demand for the nation’s primary products such as milk powder, frozen beef and kiwifruit... More »

Sealord appoints McCain Food's Yung as new CEO
24 Jul, 10:40am
Sealord Group has appointed former McCain Foods boss Steve Yung as its new chief executive, replacing Graham Stuart who is leaving after seven years in charge of New Zealand's second-largest fishing company... More »

NZ dollar falls after RBNZ says kiwi's strength 'unjustified', stoking intervention talk
24 Jul, 9:50am
The New Zealand dollar shed almost one cent against the US dollar to a six-week low after Reserve Bank governor Graeme Wheeler said the currency's strength was "unjustified", invoking one of the central bank's criteria to intervene in the f... More »

RBNZ hikes OCR to 3.5%, says 'period of assessment' now needed; dollar tumbles
24 Jul, 9:10am
Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified&... More »

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