Latest from Markets

Brian Gaynor: Top firms need to lift earnings performance
The June 30 year was another positive 12 months for the NZX as the benchmark NZX50 Gross Index appreciated by 15.8 per cent compared with 30.6 per cent for the previous June year.

Vista gets ready to float
Cinema software developer Vista Group's sharemarket float will set the company up for its next phase of growth, says chief executive Murray Holdaway.

Vista confirms $100m IPO plan
New Zealand software company Vista Group has confirmed it is looking to list on the NZX and ASX in a float that will raise up to $100 million.

Scales shares set at bottom of range for IPO
Scales, the fruit and vegetable logistics group, will sell shares at the bottom of its indicative range in a $148.8 million initial public offer.

Stockton mine restructure: 180 jobs gone
Stockton mineworkers got the bad news they were expecting today, that more than 180 jobs will go - over a quarter of the workforce - and mine production will fall by 25 per cent.

Stock Takes: 'Remarkable week' for stockmarket
"A remarkable week." That was how NZX chief executive Tim Bennett, addressing the Gentrack listing event in Auckland on Wednesday, described what has been an eventful few days on the market.

Gentrack on the pace
With Gentrack's sharemarket listing done and dusted, chief executive James Docking says his focus is firmly back on growing the business.

Gentrack debuts on NZX
Software company Gentrack has debuted on the stock exchange, with its shares rising 7.5 per cent following the company's midday listing.

Serko shares up, then down on NZX debut
Serko shares have fallen below the issue price following the company’s NZX debut this morning.

Xero shares hit 9-month low
A rollercoaster morning has seen shares in accounting software firm, Xero, drop by almost ten per cent, before rebounding to a decline of just two per cent.

GPS firm tips revenue to triple
Technology company ikeGPS, which will list on the NZX next month, has forecast its revenue to more than triple in the current financial year.

Seabed mining sets very high bar
Editorial: During the passage of legislation establishing a new regime for activity in NZ's exclusive economic zone, environmentalists fretted the Govt had got the balance wrong.

Stock Takes: Healthy float?
Orion Health is gearing up to carry out a sharemarket listing during the latter part of this year, according to sources.

Drilling resumes after glitch
Drilling has resumed off the Taranaki coast after the joint-venture partners in the Oi prospect had to abandon a well that hit trouble amid escalating costs.

Conflict in Iraq risk to oil stability
Escalating violence in Iraq threatens to unleash an oil price spike that would put an end to the greatest period of price stability for nearly half a century, BP's chief economist has warned.

Iraq unrest pushes up oil
Escalating violence in Iraq has spooked world sharemarkets and pushed up oil to its highest price in nine months.

Abano dissidents admit defeat in board stoush
Dissident shareholders seeking removal of Abano Healthcare chairman Trevor Janes admitted likely defeat at the special meeting to vote on the issue in Auckland today.

Stock Takes: Speculation survives
Investor appetite for speculative software investments doesn't appear to have been shaken by this year's global sell-off of growth-focused technology stocks

Cinema IT provider joins queue looking to list
New Zealand software company Vista Entertainment Solutions looks set to join the rush of local technology businesses lining up to list on the sharemarket.

Lion relaunch a bid to slow A2 growth
Brewing and food giant Lion has become the second company to try to scupper the strong growth New Zealand's A2 Milk is experiencing across the Tasman.

Stockton mine job losses revealed
Almost 140 jobs are to be axed at Solid Energy's Stockton mine, the company announced today.