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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.


MARKET CLOSE: NZ shares rise, led by Coats; Nuplex gains on dividend lift
22 May, 5:40pm
New Zealand shares rose, led by Coats Group after it said earnings were on track. Nuplex Industries advanced after it flagged it would lift its dividend payments... More »

NZ dollar heads for 1.2% weekly decline as rate cuts considered
22 May, 5:15pm
The New Zealand dollar is heading for a 1.2 percent weekly decline this week as investors weigh up whether measures to reign in the country's housing market will free up the Reserve Bank to cut interest rates... More »

NZ wool prices jump to multi-year high at auction, amid strong exporter demand
22 May, 5:10pm
New Zealand wool prices jumped to multi-year highs at auction even as the volume on offer rose 78 percent, amid strong demand from exporters... More »

NZ consumer confidence slips in May
22 May, 1:40pm
New Zealand consumer confidence slipped in May as sentiment about current and future conditions eased... More »

Hellaby buys auto parts, truck servicing businesses for 'less than $25M'
22 May, 11:45am
Hellaby Holdings, the diversified investment group, said it acquired two businesses to strengthen its auto parts and truck servicing operations, for an all up cost of less than $25 million... More »

Gap between benefits and low waged workers had got too large, English says
22 May, 10:55am
The government decided to boost benefits for beneficiaries with children because the gap between benefit levels and the lowest income wage earners had become "a bit too wide," Finance Minister Bill English said at a post Budget breakfast meeting in Wellin... More »

Serko's annual loss widens, targets profitability in 2017
22 May, 10:20am
Serko, the online travel booking business, reported a wider annual loss in line with its prospectus forecast, while delivering slower growth in sales than anticipated, and is targeting profitability in the first half of 2017... More »

Ryman posts 24% gain in annual profit as property values, sales increase
22 May, 10:05am
Ryman Healthcare, New Zealand's largest listed retirement village builder and operator, posted a 24 percent gain in annual profit as the value of its properties increased and revenue rose... More »

Comvita lifts annual profit 28 percent, beating expectations
22 May, 10:00am
Comvita, the Te Puke based maker of health products based on manuka honey, boosted annual profit 28 percent, beating expectations as tourism to New Zealand helped drive sales... More »

Commerce Commission says Christchurch Airport still targets excessive return
22 May, 9:50am
Christchurch International Airport (CIAL) is still targeting excessive returns, the Commerce Commission says, after the airport provided clarification of its pricing methodology... More »

Nuplex boosts dividend 28%, lifts payout range
22 May, 9:50am
Nuplex Industries, the specialty chemical and resin maker, expects to increase its annual dividend by nearly a third and has lifted payout ratio to 60 percent of profit... More »

Coats says rising sales in early 2015 affirm outlook for stable annual profit
22 May, 9:45am
Coats Group, the NZX listed UK threadmaker once part of the Guinness Peat Group empire, says sales growth has been in line with management's expectations in the first four months of the year, and affirmed its forecast for stable operating profit in 2015... More »

Coats says rising sales in early 2015 affirm outlook for stable annual profit
22 May, 9:45am
Coats Group, the NZX-listed UK threadmaker once part of the Guinness Peat Group empire, says sales growth has been in line with management's expectations in the first four months of the year, and affirmed its forecast for stable operating profit in 2015... More »

NZ dollar drops to 4-year low vs. British pound after upbeat retail data
22 May, 8:50am
The New Zealand dollar fell to a four year low against the British pound after UK retail sales rose more than expected in April, boosting optimism about the outlook for the economy... More »

MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops; Chorus at 2.5 year high
21 May, 6:40pm
New Zealand shares rose after DNZ Property Fund reported an increase in annual earnings. Spark New Zealand fell while Chorus rose as investors looked ahead to a Commerce Commission decision on network pricing... More »

Low inflation, ACC changes slash $3.2B from Crown balance, as KiwiSaver perk axed to help kids
21 May, 2:05pm
By Jonathan Underhill     May 21 (BusinessDesk) - New Zealand’s weak inflation and ACC levy cuts contribute to a four-year, $3.2 billion reduction in the Crown’s operating balance... More »

Chinese tourists to NZ rise to an annual record in April
21 May, 1:40pm
  Chinese tourists visiting New Zealand rose to an annual record in April, helping push total visitor arrivals to a new high... More »

Rakon returns to profitability, while doubling debt, after restructure
21 May, 10:40am
Rakon, the high tech components manufacturer, has returned to profitability while doubling its debt and turning to a negative cash outflow, after an overhaul of operations which saw it closes its UK plant and shift production to India and... More »

NZ migration rises to new annual record in April
21 May, 11:40am
New Zealand migration rose to a new annual record in April, as more students arrived from India and China and fewer locals left for Australia... More »

Heartland flags profit at top end of guidance
21 May, 11:00am
Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, says it expects full year profit to be at the upper end of its guidance range... More »

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