Latest FromSharemarket
Stock slides as Fletcher earnings drop
Bad business purchases here and in Australia hit Fletcher Building's bottom line result yesterday, leaving some shareholders keen to sell.
Meridian pencils in $625m capital return
Meridian Energy has raised its dividend and says it intends to return $625 million of capital to shareholders over the next five years.
Demand for IPOs solid
NZX chief executive Tim Bennett says demand is looking solid for small and medium-sized sharemarket listings, but a potential downturn in market conditions could affect the environment for initial public offerings in the year ahead.
LIC aims for $1 billion revenue
Livestock Improvement Corp will set off on a "roadshow" in June to sound out its farmer-shareholders about the possibility of raising capital to drive growth.
Showdown looms for Contact Energy
Contact Energy could be heading for a showdown with minority shareholders over what to do with a $1 billion pot of cash.
Brian Fallow: Retail sales reveal healthy pulse and savings rates also positive
As vital signs go, retail sales data for the last three months of 2014 were pretty healthy, writes Brian Fallow.
Power shares lead fall in stock index
New Zealand shares fell yesterday, led by Contact Energy after it flagged plans to invest offshore. Genesis Energy and Meridian Energy declined as enthusiasm for the sector cooled.
Retail sales help lift kiwi
The New Zealand dollar rose against its Australian counterpart yesterday as retail sales beat expectations.
Services sector hits six-month high
New Zealand's services sector activity rose to a six-month high in January as record inward migration boosted demand for housing, increasing the need for property-related services.
Contact shares slump after profit fall
Contact Energy shares have fallen nearly 9 per cent today after reporting a plunge in half-year profits.
Liam Dann: Big share prices require big earnings
How actual corporate earnings compare with the elevated heights at which many stocks are now trading will be fascinating to see, writes Liam Dann.
Pay wall on track: APN chief
APN News & Media, publisher of the New Zealand Herald, says it is on track to introduce paid content this year, but that its initial public offer plans for NZME. were not conditional on having an internet pay wall in place.
Super Fund keeps eye on probe
The New Zealand Superannuation Fund says it will keep a close eye on the outcome of a regulatory investigation into Milford Asset Management.
Delegat operating profit rises
Delegat Group, New Zealand's largest listed wine company, said first-half operating profit rose 1 per cent and it was on track to meet guidance for full-year case sales and earnings.
Global growth quickens on US expansion
The global growth scare that's gripped financial markets is looking overblown to some economists.
Dividend payers lead NZ market down
New Zealand shares fell yesterday from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite waned.
Africa volatility scares off investors
West Australian mining companies with operations in Africa have had A$3.6 billion ($3.7 billion) wiped from their value in the past year.
Castle Point attracts investor
An international investor has become a shareholder in Auckland-based fund manager Castle Point Funds.
Major fund manager confirms probe
A high-profile fund manager has confirmed it is being investigated by the Financial Markets Authority over alleged market manipulation.