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.
Spark director Maury Leyland to resign next month as Fonterra duties mount 28 Jan, 4:10pm
Spark New Zealand director Maury Leyland will resign from the telecommunications company's board from the end of next month as she spends more time at her day job as Fonterra Cooperative Group's head of people, culture and strategy... More »
NZ govt to spend $650M on school building upgrades, repairs in 2015 28 Jan, 4:10pm
The New Zealand government expects to spend $650 million this year upgrading and maintaining its $8.32 billion school property portfolio, and anticipates repair costs for leaky buildings largely damaged by faulty cladding will be about $90 million... More »
FMA, NZX sign MOU for market oversight, public statements 28 Jan, 2:05pm
The Financial Markets Authority and NZX, the two regulators of New Zealand’s capital markets, have signed a memorandum of understanding that sets out how they will work together, including what is said in public... More »
NZ govt to begin selldown of state housing, expand rent subsidies, Key says 28 Jan, 1:20pm
The New Zealand government plans to increase the number of income related rent subsidies by 4.8 percent over the next three years, boost the number of tenancy reviews by two thirds and sell up to 2,000 houses as part of a revamp of state provision of hous... More »
Auckland Council hires PwC's Suzanne Tindal as CFO 28 Jan, 1:10pm
Auckland Council, which has assets of almost $40 billion and annual revenue of $3.3 billion, named Suzanne Tindal as chief financial officer following the departure to Fletcher Building last year of Andrew McKenzie... More »
Cisco NZ sales creep up in 2014, sees gains on growing IT reliance 28 Jan, 11:55am
Cisco Systems New Zealand, the local unit of the global internet network group, lifted annual sales 4.3 percent in 2014, and expects to be well placed in the current year as an increasing number of firms demand greater services from web based provide... More »
FMA looks into VMob disclosures on share placement and global deal 28 Jan, 10:35am
The Financial Markets Authority is looking into disclosures this week by NZAX listed VMob Group relating to a $2.17 million private share placement announced shortly after a global deal with fast food chain McDonald’s... More »
Heartland raises 2015 profit forecast on asset growth 28 Jan, 9:00am
Heartland New Zealand, the bank formed from the merger of Marac Finance with Southern Cross and Canterbury building societies, raised its 2015 profit forecast on better than expected asset growth... More »
While you were sleeping: Microsoft, Caterpillar slump 28 Jan, 7:45am
Equities on both sides of the Atlantic slumped as disappointing corporate results including from Microsoft, Caterpillar and Siemens stoked concern about equity valuations and the impact of slow global economic growth... More »
A2 Milk Co changes requirements for NZ directors ahead of ASX listing 27 Jan, 3:45pm
Shareholders of The A2 Milk Company, the milk marketing company, have approved a new constitution which allows a reduction in the minimum number of New Zealand resident directors ahead of a planned dual listing on the ASX this quarter... More »
Spark's long-term executive Chris Quin to leave in June 27 Jan, 9:25am
Spark New Zealand's head of home, mobile and business, Chris Quin, a 20 year veteran of the company and one time contender for the top job, will leave the telecommunications company at the end of June this year... More »
NZ dollar touches fresh 3-year low, dips below 74 US cts, ahead of RBNZ meeting 27 Jan, 8:40am
The New Zealand dollar touched a fresh three year low as traders speculate that Reserve Bank governor Graeme Wheeler will remove the prospect of higher interest rates at Thursday's official cash rate review and may signal rates are headed l... More »
