NZ markets news

NZ shares gain as ANZ rises after results
Investors took ANZ's decision to cut its dividend as a sign of prudent management, helping its share price rise 5.7 per cent on the NZX 50.
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Bank punished for missed earnings target
Despite Westpac posting a first-half profit of $4.25 billion its shareholders didn't see any cause for celebration, as bad debt hit a six-year high.
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Z Energy energises local stock exchange
Local shares on the S&P/NZX 50 rose after Z Energy gained Commerce Commission approval to acquire Caltex and Challenge petrol station chains.
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Rates announcement drives local shares up
Low interest rates continued to underpin demand for yields on stocks, with Coats Group the biggest mover on the S&P/NZX50 Index.
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Shares down ahead of OCR announcement
The S&P/NZX 50 Index dropped 45.3 points with local shares falling ahead of an interest rate announcement by the Reserve Bank.
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Investor appetite down ahead of OCR update
Offshore markets influenced local investors on the first day back after the long weekend, with Meridian Energy and Vector hit the hardest.
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NZ shares fall on global sell-off
New Zealand shares have eased back from its record high as global indices take a hit after some poor results from leading US companies.
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NZ shares chart another record high
The New Zealand share market rose to another record and outperformed other markets but there is some profit-taking.
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New Zealand's NZX 50 rises to record
New Zealand shares rose to a record amid speculation Z Energy's application to buy the Caltex chain will be approved.
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New Zealand shares tread water
The NZ share market rose in light trading while Asian markets eased on quake worries and oil woes.
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