Latest from Markets

Hollywood heavyweights in court over oil deal
Stephen Baldwin claims Kevin Costner wrongfully left him out of the loop over a lucrative deal to sell BP centrifuge equipment.

Fonterra's TAF scheme needs 'strong' mandate
Fonterra says it won't go ahead with its Trading Among Farmers scheme without a clear mandate from its farmer members.

Brierley comes out swinging after re-election
After narrowly surviving a vote at GPG's annual meeting, Sir Ron Brierley has lambasted the institutional shareholders who tried to oust him.

Brierley survives shareholder revolt
Sir Ron Brierley has survived a New Zealand Shareholders Association campaign to oust him from the board of the Guinness Peat Group.

NPT lifts earnings 12.5pc
Property company NPT reported a 12.5 per cent increase in fiscal year profit.

Kiwi Income bounces back with $89.2m profit
Kiwi Income Property Trust has posted a healthy profit in the year to March after reporting a bottom line loss in the previous year.

Long line forming for Facebook shares
Small investors will find the line long and hurdles high to get even a handful of Facebook shares.

Sky City share price slumps on earnings forecast cut
Sky City's share price has dropped 4.6pc after it cut its earnings forecast this morning.

Auditor scrap prompts BNZ Pyne Gould bond pull out
An investment portfolio managed by BNZ has pulled out of a Pyne Gould managed fund after an auditor walk-out.

Sky City revises earnings down
Sky City has revised its earnings downward to a net profit "in the low $140 millions".

Shareholders oppose Brierley re-election
The NZ Shareholders Association said it will vote against the re-election of Sir Ron Brierley to the board of Guiness Peat Group.

Brent Sheather: Financial repression coming our way?
It appears we have entered a new era of "return free" risk. This environment has been labelled "financial repression".