Latest from Markets

Stock Takes: Natural products 'a hot space'
Could newly listed health supplements maker Oceania Natural be benefiting from the Blackmores effect?

NZX poised to announce milk futures contract
The NZX is expected to announce plans for a new milk futures contract tomorrow, which will be aimed at picking up where Fonterra's controversial guaranteed milk price scheme left off.

Tegel IPO to raise up to $344 million
The shares will be listed on the NZX main board and Australia's ASX on May 3.

Stock Takes: Third listing a boost for NXT
The mood was upbeat at NZX's Auckland offices yesterday as the third addition to the new NXT board, food supplements maker Oceania Natural, went public.

IkeGPS rejigs executives
An executive reshuffle at ikeGPS will see the departure of the developer's chief financial officer and senior vice-president of sales.

Big oil dreams turn to dust
It's been boom and bust in the US oil game for a long time - but this bust is shaping up to be the biggest ever.

Vista sale opens door to S&P/NZX 50 listing
Vista Group could be on its way to joining the S&P/NZX 50 after major shareholders sold a quarter of the cinema software developer.

Kiwi edges up on Fed jitters
The New Zealand dollar is heading for a 1.3 per cent gain this week as demand for the greenback waned.

Vista shareholders to sell down 25.5pc
20 shareholders in VistaGroup International will sell about a quarter of the company's stock to institutions and retail brokers at a 6.3 percent discount.

Chows' holding diluted to comply
Property developers John and Michael Chow have reduced their holding in Chow Group as part of their efforts to meet NZX listing requirements.

Shares rise but lag overseas rally
New Zealand shares rose, following international markets, with ANZ Banking Group, Genesis Energy and SkyCity Entertainment Group leading the index.

Petrol price increase the first of several
A 6 cent increase in 91-octane petrol in the past week is likely the first of several increases to come, according to Automobile Association.

Stock Takes: Airport high could have a downside
Auckland Airport hit an impressive milestone this week as its market capitalisation sailed across the $8 billion mark for the first time.

Chow brothers buy Stonewood Homes
Adult entertainment and property investors strike deal for troubled builders.

More job lossses for West Coast mine
Company says latest Solid Energy cuts not a 'slash and burn exercise'.

NZ dollar gains vs British pound
The kiwi advanced to 47.62 British pence at 8am in Wellington.