Latest fromMarkets

Brian Gaynor: Reporting season reveals important truths
The June 2014 reporting season is over, the results have been counted and analysed.

Stock Takes: Invivo Wines eyeing NXT
Invivo Wines co-founder Tim Lightbourne says an NXT listing is a capital raising option the company is considering.

Seizure won't delay Mega's listing - CEO
Mega's chief executive doesn't think the seizure of 20 per cent of the company's shares will cause problems for its backdoor listing on the New Zealand stock exchange.

Swindling stockbroker jailed for six years
An Auckland stockbroker who admitted fraud has today been sentenced to six years in prison.

Broker recommends offloading Xero shares
Broker Craigs Investment Partners has slapped a sell recommendation on Xero shares after initiating research of the online accounting software firm.

Deckhands paid like bankers threaten iron ore port strikes
Tugboat crews are threatening to disrupt shipments from the world's biggest iron ore port as they negotiate for increased wages.

Craft beer bonanza tipped for kiwi brewers
NZ could become a "superpower" of the global craft beer market, with demand for Kiwi brews expected to triple, according to research by ANZ.

Meridian raises dividend
Meridian Energy has fattened its dividend and is hinting of a possible return of capital next year after beating prospectus forecasts in its first annual result.

Oil and gas spending soars
Oil and gas exploration and development spending was up 7 per cent last year to almost $1.6b, according to the latest official figures which also show a big jump in gas reserves.

Tale of two tech firms
It was a tale of two technology companies yesterday as Eroad stock soared following the firm's NZX debut.

Stock Takes: Winner and losers
Broker Craigs Investment Partners has given its picks on some of the possible highlights and lowlights of this month's earnings season.

Sam Morgan builds 5pc stake in Wynyard Group
Sam Morgan, who made his fortune when Trade Me was sold to Fairfax, has built a substantial shareholding in security software developer Wynyard Group.

Nuplex lifts profit as resin margins fatten
Nuplex Industries has posted full-year profit growth of 18 percent as the chemicals manufacturer fattened its margin on coating resins in Asia and Europe.

Inside Money: Financial education at work - how to park your money
As David Chaplin writes, financial literacy - a major theme of the recent Workplace Savings NZ conference - is tough going.

Longburn inland port venture announced
Ports of Auckland, Napier Port and Icepak have formed a joint venture to develop a $20m freight hub near Palmerston North.

SkyCity profits slump 8 per cent
SkyCity Entertainment Group profits have taken a big dive, its normalised net profit for the June 30 2014 year down 8.1 per cent to $123.1 million.

Exxon begins drilling in Russia - despite sanctions
Despite all the talk of action against Vladimir Putin, Exxon Mobil, the largest US energy company is undeterred, starting work on $700m oil well in the Arctic.

Vista shares gain on debut
Shares in software developer Vista Group opened up 2.1 per cent following the company's stock exchange debut this morning and have continued to rise.

Brian Gaynor: Kiwi companies getting it wrong with IPOs
The sharemarket performance of recent IPOs, in New Zealand and overseas, has been extremely disappointing.