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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.

MFAT chief John Allen leaves for NZ Racing Board
26 Nov, 4:40pm
The chief executive of the New Zealand Ministry of Foreign Affairs & Trade, John Allen, is resigning to head up the New Zealand Racing Board... More »

Tourism Holdings lifts annual profit forecast, shares rise
26 Nov, 3:10pm
Tourism Holdings, the biggest campervan rental company in Australia and New Zealand, said annual profit may rise as much as 44 percent on increased sales and lower costs. The shares rose to a six year high... More »

MRP rejects carbon farmer's carbon unit top-up claim, court hears
26 Nov, 2:40pm
MightyRiverPower has claimed in the High Court it shouldn’t have to pay for carbon units issued for years prior to the start of its contract with New Zealand Carbon Farming in 2013, which it entered as part of its effort to offset emi... More »

Smartpay first-half profit rises 70% on currency benefit, epay contribution
26 Nov, 2:30pm
Nov. 26 (BusinessDesk) - Smartpay, the listed payments terminal supplier, posted a 70 percent gain in first-half profit as it benefited from currency movements and revenue from its partnership with Euronet... More »

Retail electricity margins unsustainably high, broker says
26 Nov, 1:50pm
Electricity companies' margins on retail electricity tariffs are unsustainably high and will spur ongoing competition in the sector, to the detriment of companies like Genesis Energy, which is heavily skewed towards a residential customer base, says... More »

Pumpkin Patch stock sinks to record low on concern ailing retailer may seek more capital
26 Nov, 1:00pm
Pumpkin Patch shares fell to a record low on concern the unprofitable children's clothing chain may seek new capital to bolster its balance sheet after saying it may breach bank covenants... More »

MFAT chief John Allen is leaving to take up role in private sector
26 Nov, 12:50pm
The chief executive of the New Zealand Ministry of Foreign Affairs & Trade, John Allen, is resigning to take up a role in the private sector... More »

Dorchester more than doubles 1H earnings, raises annual profit guidance
26 Nov, 11:45am
By Paul McBeth     Nov. 26 (BusinessDesk) - Dorchester Pacific, the finance and insurance firm buying Turners Group, more than doubled first-half earnings with the contribution from... More »

NZ secondary schools eye agribusiness subjects to bolster industry
26 Nov, 11:40am
New Zealand secondary schools are trialling an agribusiness programme which aims to feed more students into tertiary study to provide future talent for the industry... More »

Orion shares climb 14% on NZX debut
26 Nov, 11:05am
Shares of Orion Health Group, the healthcare management software developer, rose 14 percent on its NZX debut after its initial public offer raised $120 million in new capital to fund new research... More »

NZTE's annual report shows big company woes weigh on growth
26 Nov, 10:30am
New Zealand Trade and Enterprise, the government’s international business development agency, said the 540 key companies it works with grew their export revenues by 1.3 percent or $383 million in the 2013/2014 year after some larger companies strugg... More »

Pacific Edge opens up European market with regional patent for Cxbladder
26 Nov, 10:15am
Pacific Edge, the non-invasive bladder cancer test developer, is considering whether to enter the European market after its Cxbladder technology was granted a patent covering 38 countries in the region. The shares gained... More »

Westland Milk cuts 2015 milk payout forecast, citing oversupply, high kiwi
26 Nov, 9:45am
Westland Milk Products, the Hokitika based dairy cooperative, has cut its forecast milk payout for the second time in four months, saying a global over supply of dairy products and a relatively high kiwi dollar had crimped cash flows... More »

Genesis Energy raises US$150M in first US private placement issue
26 Nov, 9:05am
Genesis Energy, New Zealand's largest electricity retailer, has raised US$150 million in its first issue of notes in the US private placement market and will use the funds to repay bank debt... More »

Energy Mad secures $284,000 in funding from shareholder Superlife
26 Nov, 9:00am
Energy Mad, the energy efficient lightbulb marketer, secured $284,000 in funding from shareholder Superlife to help support its local and overseas growth plans... More »

NZ dollar rises to 4-month high vs. A$ after RBA's Lowe talks down currency
26 Nov, 8:50am
The New Zealand dollar touched a four month high against the its trans Tasman counterpart after Australia's central bank talked down the value of the nation's currency... More »

Vector cleared to buy Meridian's Arc metering business
26 Nov, 8:45am
Vector, the Auckland electricity and telecommunications lines company, has been cleared to by Meridian Energy's Arc Innovations metering business... More »

While you were sleeping: US consumer less confident
26 Nov, 7:50am
Wall Street fluctuated, with the Standard & Poor’s 500 Index touching a record high, as a report showing the US economy grew more than initially forecast in the third quarter offset data showing an unexpected drop in American consumer confidence... More »

NZ economic growth slows to sustainable pace as one off-boosts fade: NZIER
26 Nov, 7:25am
Slowing global growth and the overvalued Auckland housing market are key risks to New Zealand's economy, which is slowing to a more sustainable pace, says Shamubeel Eaqub, chief economist at the New Zealand Institute of Economic Research... More »

NZ inflation expectations slide as growth prospects slow, RBNZ survey
25 Nov, 4:35pm
New Zealand businesses have trimmed their expectations for consumer inflation over the next two years as the rosy outlook for a booming economy comes off the boil... More »

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