Sharemarket News

Equity crowd funding, latest step in much-hyped social capital, carries risks, high failure rate
23 Apr, 2:10pm
Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says... More »

McDonald's NZ lifts annual sales by 5.8 percent in year of Georgie Pie relaunch
23 Apr, 12:45pm
McDonald's Restaurants (New Zealand), the local arm of the world's largest fast food chain, had a 5.8 percent gain in sales in 2013, the year it relaunched the Georgie Pie brand after a decade-long hiatus... More »

NZ migration rises to 11-year high in March as fewer kiwis leave for Australia
23 Apr, 12:35pm
New Zealand migration rose to an 11-year high in March, the second-highest gain on record, as fewer kiwis left for Australia... More »

Millennium and Copthorne mulls capital return if First Sponsor float proceeds
23 Apr, 9:35am
Millennium & Copthorne Hotels New Zealand, which operates 22 hotels across the country, is mulling a capital return if the float of Chinese investment First Sponsor Group goes ahead... More »

NZ dollar rises above 86 US cents as investors chase yield
23 Apr, 9:35am
The New Zealand dollar rose above 86 US cents overnight, as investors seeking higher yields anticipate a rise in the nation's benchmark interest rate tomorrow... More »

While you were sleeping Drug deals bolster sentiment
23 Apr, 8:25am
A raft of merger and acquisition activity in the global drug sector helped underpin equities on both sides of the Atlantic, as did better-than-expected earnings from companies including Netflix and Travelers... More »

NZ dollar edges up as local trading resumes, RBNZ rate review eyed
22 Apr, 5:10pm
The New Zealand dollar edged up as local trading resumed after the Easter holiday, with investors eyeing Thursday's monetary policy review when interest rates are expected to be hiked for a second time in as many months... More »

Warehouse shares jump to six-week high after Craigs upgrades recommendation to buy
22 Apr, 1:15pm
Shares in Warehouse Group, New Zealand's largest publicly listed retailer, rose to a six-week high after the stock was upgraded to 'buy' at brokerage Craigs Investment Partners... More »

Air NZ, Singapore Airlines codeshare gets Singapore regulator tick
22 Apr, 9:45am
The proposed codeshare between Air New Zealand and Singapore Airlines has been given the all clear from Competition Commission Singapore, meaning the accord is now subject only to sign-off from New Zealand's transport minister... More »

NZ dollar falls after positive US data boosts confidence about revival in world's largest economy
22 Apr, 9:25am
The New Zealand dollar weakened after positive US data boosted confidence about a revival in the world's largest economy, reinforcing expectations the Federal Reserve will continue to pull back its stimulus this year... More »

World Week Ahead Eyes on US earnings
22 Apr, 8:35am
Wall Street has begun this week by extending their gains ahead of the Easter break with investors increasingly positive on the outlook for corporate earnings and the world's biggest economy... More »

Falling dairy prices, high kiwi and milder inflation may temper RBNZ's OCR track
22 Apr, 8:20am
The Reserve Bank of New Zealand is set to raise its benchmark interest rate for the second time in as many months although the ground has shifted slightly since it began tightening in March, with dairy prices tumbling and inflation printing weaker than... More »

MARKET CLOSE NZ shares rise as Genesis debut sparks energy rally; Meridian, MRP, Contact gain
17 Apr, 5:40pm
New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustP... More »

Landmark Supreme Court decision protects 'outstanding landscapes'
17 Apr, 5:25pm
The Supreme Court has upheld resource consents for three salmon farms to be developed in the Marlborough Sounds by the King Salmon company, but in an important win for the protection of "outstanding landscapes", it has ruled against a fourth site... More »

NZ dollar heads for 0.8 percent fall in short week as RBNZ rate review looms
17 Apr, 5:05pm
The New Zealand dollar is heading for a 0.8 percent fall in a shortened week ahead of the Reserve Bank's rate review next Thursday... More »

Air New Zealand says claims withdrawn as other airlines settle over cargo cartel, seeks costs
17 Apr, 4:55pm
Air New Zealand says claims against it as part of a class action lawsuit in Australia over alleged price fixing on freight have been withdrawn and the airline won't be contributing to an A$38 million settlement by other airlines... More »

AMP Capital selling kiwi dollar in expectation of decline
17 Apr, 3:30pm
AMP Capital New Zealand, which manages more than $18 billion of assets, anticipates the kiwi dollar will start falling, and has started reducing its holdings in the local currency... More »

BNZ's new CEO Healy expects benefit from expanding economy, targeted investment
17 Apr, 3:10pm
Bank of New Zealand's incoming chief executive Anthony Healy expects the lender to benefit from the nation's burgeoning economy as he targets investment in higher growth areas such as agri-business... More »

Genesis Energy soars on debut, leading fellow energy companies higher
17 Apr, 2:55pm
Shares in the partially privatised Genesis Energy soared 18 percent at their debut listing on the NZX this afternoon, buoying other listed energy companies in the process... More »

'Chipper' kiwis push up consumer confidence in April
17 Apr, 1:50pm
New Zealand consumer confidence rose in April as kiwis became more confidence about their own financial position, giving them greater enthusiasm for buying major household items... More »