About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds
Support our sponsors:

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.

Pyne Gould sells Epic stake after failing to gain control of the board
23 Oct, 12:35pm
Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, has sold its 27 percent stake in Equity Partners Infrastructure Co No 1 after failing to take control of the investment company and oust its board... More »

NZ dollar drops after tepid inflation opens path lower
23 Oct, 12:30pm
The New Zealand dollar fell about half a US cent after tepid local inflation pushed out the likely timeline for future interest rate hikes and cleared the way for a lower currency.  ... More »

Fletcher Building wins government contract to build 237 homes in Christchurch
23 Oct, 12:05pm
Fletcher Building has won a contract to build 237 homes on an 11.5-hectare Crown-owned site in Christchurch, including 89 which will be priced below $400,000, Housing Minister Nick Smith said... More »

Restaurant Brands raises annual profit forecast; shares jump to a record
23 Oct, 11:10am
Restaurant Brands New Zealand, the nation's largest fast food operator, raised its annual profit forecast as it benefits from lower input costs, higher sales and restructuring of stores. The shares rose to a record... More »

RESEND:NZ inflation steady at 0.3% in third quarter, slower than expectations; kiwi drops
23 Oct, 10:55am
New Zealand inflation was steady in the third quarter of the year, slowing the annual pace of price increases, and raising the prospect of interest rates staying lower for longer after the data fell short of expectations. The New Zealand dollar fell... More »

Wheeler says LVR policy worth 25-50 basis points of OCR rate tightening
23 Oct, 9:50am
The Reserve Bank's introduction of limits to low-equity mortgage lending last year had a similar impact on inflation as raising the official cash rate by as much as 50 basis points, governor Graeme Wheeler told a global banking conference i... More »

NZ dollar weakens ahead of 3Q inflation on speculation interest rates to stay on hold
23 Oct, 8:40am
The New Zealand dollar slipped ahead of a report on third quarter inflation which is expected to show prices rose at a slower pace than the Reserve Bank predicted, signalling interest rates are likely to remain at current levels for longer... More »

While you were sleeping: Boeing shares, oil drop
23 Oct, 7:40am
Wall Street slid paced by Boeing as investors worried about expenses for its 787 Dreamliner passenger jet, while oil fell after a report showed US inventories rose more than expected last week... More »

Quattro IPO back on, as it halves NZ property portfolio, cuts capital raise by 28%
22 Oct, 4:40pm
Quattro Income REIT, an Australian asset management company, has resumed plans to list a New Zealand property portfolio, albeit a smaller number of properties, and has shaved nearly a third off the capital it wants to raise in a public ... More »

Vector warns on $80 mln hit from falling electricity consumption, CEO says
22 Oct, 3:55pm
Vector, the Auckland lines company, says falling electricity consumption will cost it up to $80 million because of the way it's regulated, according to chief executive Simon Mackenzie... More »

Orion private placements provide clue for IPO price
22 Oct, 3:10pm
Recent issues of Orion Health Group shares to private investors provide clues to the issue price in its upcoming initial public offer... More »

Fletcher shares drop to 2014 low as investors sell on guidance
22 Oct, 2:20pm
Shares of Fletcher Building, New Zealand's largest listed company, have fallen to their lowest level of the year after the building supplies and construction company's earnings guidance disappointed investors... More »

James Pascoe increases stake in out-of-favour Warehouse to 6.3%
22 Oct, 12:55pm
James Pascoe, the retail group owned by David and Anne Norman, has added to its holding in Warehouse Group by buying on market this week, taking advantage of shares trading near their lows for the year... More »

ACC annual profit more than halves as claims mount, investment returns disappoint
22 Oct, 12:15pm
Accident Compensation Corp, the state-owned accident insurer, reported a 57 percent drop in annual profit after it faced more claims than anticipated, and as its investment portfolio returns missed expectations... More »

Xero eyes possible A$1 billion float in US, media reports
22 Oct, 10:25am
Xero, the cloud-based accounting software company, is moving ahead with plans to list in the US with an initial public offer of A$1 billion flagged, according to media reports... More »

Seeka sees annual profit growth of up to 11%, planning for beefed-up capacity
22 Oct, 10:10am
Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, sees annual profit growth of up to 11 percent and is planning to expand its capacity in coming years as kiwifruit crops recover from the outbreak of the Psa-V vine dis... More »

Nuplex agrees to sell ANZ units to Champ-backed company for A$127.5 million
22 Oct, 10:05am
Nuplex Industries, the specialty chemicals maker, agreed to sell two of its Australasian units to a company backed by Champ Private Equity for A$127.5 million, using the funds to repay debt and possibly make a capital return... More »

Jimmy Koh, KVB Kunlun fined $65,000, censured for NZX rule breaches over Z, other IPOs
22 Oct, 9:50am
KVB Kunlun New Zealand and its manager Chee Joo (Jimmy) Koh have been fined a combined $65,000 and publicly censured for breaches of NZX participant rules after associates of the firm traded shares of Z Energy and other companies durin... More »

Second judgment in Motor Trade Finance fees case leaves open further work
22 Oct, 9:05am
The second judgment in the antitrust regulator's case against auto-lender Motor Trade Finance over its loan contracts has been released, and leaves more work for the financier and Commerce Commission to calculate the quantum of fees deemed unreasonable in... More »

NZ dollar falls amid speculation ECB will inject more stimulus
22 Oct, 8:50am
The New Zealand dollar fell after reports that the European Central Bank may consider taking more steps to stimulate the euro-zone economy, stoking demand for the greenback... More »

Find more news in the News Archive

  forex centre
cfd centre
options centre
NZX 15 Index
News Alerts
Breaking News 
After the Bell (daily) 
Gold News 

Unsubscribe/Update »

RSS feeds »
Twitter »
Facebook »

Most Commented On

© Copyright 2014 MoneyOnline Ltd & Investment Research Group Ltd. All Rights Reserved.