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.
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.
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.
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.
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.
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.
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.
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.
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.
New Zealand shares tread water
The NZ share market rose in light trading while Asian markets eased on quake worries and oil woes.