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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.

Minister to take back inquiry appointment powers for EEZ applications
26 Nov, 1:55pm
Environmental law reforms announced today include bringing the relatively new regime governing resource consents in New Zealand's vast offshore exclusive economic zone into line with Resource Management Act processes that apply on land and out to the 12-m... More »

Government unveils RMA reform package with enough support to become law
26 Nov, 1:40pm
The government has formally hauled down the flag on its attempts to alter the balance of environmental and economic priorities in the Resource Management Act, unveiling a 180 page Resource Legislation Amendment Bill containing reforms that have enough pol... More »

Energy Mad nearly halves first-half loss by slashing staff costs, sales commissions and fees
26 Nov, 12:45pm
Energy Mad, the unprofitable lightbulb maker which counts NZX's SuperLife as its biggest shareholder, almost halved its first-half loss, after slashing staff costs and winding back sales commissions and other external fees... More »

China pips Australia as New Zealand's top annual export destination
26 Nov, 12:05pm
China pipped Australia to become New Zealand's top annual export destination in October, as increased sales of beef, milk powder and kiwifruit to Asia's largest economy contrasted with a decline in crude oil sales to Australia... More »

Former Fonterra director Ralph Norris spells out reasons for his departure
26 Nov, 11:55am
Ralph Norris took the opportunity at Fonterra Cooperative Group's annual meeting to lay to rest any speculation about his reasons for resigning as a director... More »

Arvida posts first-half profit of $7.4 mln, expects to beat full-year prospectus forecasts
26 Nov, 11:25am
Arvida Group, which operates 21 retirement villages and aged care facilities, posted first-half profit of about $7.4 million, putting it on track to meet its prospectus forecast for full-year earnings... More »

Kirk Hope rumoured front-runner for top job at BusinessNZ, replacing O'Reilly
26 Nov, 11:20am
The country's peak business lobby group, Business New Zealand, is preparing to announce a replacement for long-serving executive director Phil O'Reilly, with speculation the current head of the New Zealand Bankers' Association, Kirk Hope, will be nam... More »

Xero directors Drury, Winkler and Morgan cash in on 35% share price rally
26 Nov, 11:15am
Xero founder Rod Drury and directors Craig Winkler and Sam Morgan sold shares on market in a multi-million dollar payday, taking advantage of a 35 percent rally in the stock this year... More »

New border levy to deter tourists and dampen economic growth, NZIER says
26 Nov, 10:35am
A new levy on international visitors to pay for the growing costs of border control is inefficient, could deter up to 34,000 tourists from coming here each year, and dampen economic growth, says the New Zealand Institute of Economic Research... More »

Gentrack full-year revenue misses prospectus forecast, while jump in profit exceeds target
26 Nov, 10:00am
Gentrack Group, which develops utilities, airports, and water companies software, reported full-year results that were largely in line with its 2014 prospectus although revenue was below forecast... More »

Pacific Edge first-half loss widens, ramps up sales in US
26 Nov, 9:40am
Pacific Edge, which compensated shareholders over the way it announced major US deals in 2013, widened its first-half loss, spending more on the roll-out of products across North America where it ramped up sales of its Cxbladder non-invasive bladder cance... More »

NZ dollar little changed as US data meets expectations, keeping rate hike bets alive
26 Nov, 8:45am
The New Zealand dollar was little changed overnight in the absence of major drivers and as US economic data broadly met expectations ahead of the country's Thanksgiving public holiday... More »

F&P Healthcare, Air NZ chair Tony Carter gets award from NZSA
26 Nov, 7:40am
Tony Carter, chairman of both Fisher & Paykel Healthcare and Air New Zealand, has been recognised by the NZ Shareholders Association for his leadership skills as a director... More »

While you were sleeping: US stocks edge higher
26 Nov, 7:05am
Wall Street advanced, helped by Pfizer and Wal-Mart, as the latest raft of durable goods and housing data provided further evidence that the US economy is gathering pace... More »

Wellington Airport extension would dent domestic volumes, attract more international visitors
25 Nov, 5:00pm
Wellington International Airport would attract an additional 6.1 million passengers in the next 45 years if allowed to extend its runway by 355 metres into Lyall Bay, according to a cost-benefit analysis for the airport by Sapere Research Group... More »

Fonterra targets doubling of China revenue within five years. Spierings says
25 Nov, 4:25pm
Fonterra Cooperative Group, the world’s largest dairy exporter, has set a target of becoming the number one dairy player in China and doubling its business in the country to $10 billion within the next five years... More »

Wilson Parking profit doubles as security, parking revenue climbs
25 Nov, 4:20pm
Wilson Parking New Zealand, owned by Hong Kong’s Kwok family, more than doubled annual profit as it reaped more revenue from an expanding security business... More »

Fonterra says 2016 forecast milk payout tied to reovery in dairy prices next year
25 Nov, 12:40pm
Fonterra Cooperative Group has affirmed its guidance for the 2016 milk payout to farmers, although chairman John Wilson said it was dependent on global dairy prices rising in the first half of next year from current unsustainable levels... More »

ERoad turns to first-half profit from year-earlier loss, reiterates full-year forecast
25 Nov, 12:30pm
ERoad, the logistics and fleet management software and hardware developer, turned to a first-half profit from a loss a year earlier as gains in Australia and New Zealand made up for slower growth in North America... More »

A2 Milk cut to underperform at First NZ as brokerage awaits proof Australian success can be replicated
25 Nov, 12:15pm
A2 Milk, whose shares soared 65 percent in just over two weeks, was cut to 'underperform' at brokerage First NZ Capital, which said it wants evidence the milk marketer can repeat its Australian success in other markets such as China, the UK and the US... More »

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