Xero shares lift past $20 mark
Shares in Xero soared through the $20 barrier yesterday as investor interest in the software accounting firm was piqued further following a successful capital raising.
Sharemarket
Shares seen as best investment, ASB says
Shares seen as best investment, ASB says
Investor confidence may have fallen in the three months ended June but any uncertainty about overseas events failed to dent the popularity of the New Zealand sharemarket.
Southern exposure pays off for many listed companies
Southern exposure pays off for many listed companies
Sharemarket darling Ryman Healthcare has underpinned a fourth consecutive quarter of market capitalisation gains for South Island companies and the overall Deloitte index is up 47% for the year to June.
Confidence drives world bourses to record highs
Confidence drives world bourses to record highs
World sharemarkets continue to rise as investor confidence improves and companies trading globally continue to profit, Craigs Investment Partners broker Chris Timms says.
Sharemarkets on cusp of new highs
Sharemarkets on cusp of new highs
Many world sharemarkets are poised to reach new benchmarks next week, as investment continues to grow and worries about Europe start to recede.
Rewarding year on NZ sharemarket
Rewarding year on NZ sharemarket
More investors are expected to pile into shares this year as returns from fixed-interest investments remain low.
Trade Me beats forecasts, seeks new markets
Trade Me beats forecasts, seeks new markets
Recently listed Trade Me beat several guidance expectations, including that of revenue in its initial public offering prospectus, to deliver an after tax profit of $36.4 million.
Modest recovery in US sees 2011 close on a more positive note
Modest recovery in US sees 2011 close on a more positive note
The United States managed to provide a much needed upbeat feeling for investors as the year draws to a close today.
Greek referendum depresses markets
Greek referendum depresses markets
New Zealand and Australia's sharemarkets followed global markets down yesterday, after the world-wide bourses went into a tailspin after Greece announced an unexpected referendum on whether to accept part of a $US1 trillion ($NZ1.26 trillion) European bail-out package.
Remarkables market back for summer
Remarkables market back for summer
The second summer of the popular Remarkables Market will begin next weekend, with the opening market of the 2011-12 season being held on October 22.
Bathurst cannot explain fall in shares
Bathurst cannot explain fall in shares
Dual-listed Bathurst Resources has responded to an Australian stock exchange's "please explain" query that it has no information which can explain a share-price decline and increase in shares traded since last Friday.
NZ sharemarket follows global rout
NZ sharemarket follows global rout
The New Zealand sharemarket followed world markets into a funk in early trading, but heavyweight Telecom bucked the trend after reporting a better than expected 1.6 percent rise in full year adjusted net earnings.
Sharemarket starts week strongly
Sharemarket starts week strongly
The New Zealand sharemarket opened the new week strongly, after stocks in the United States ended higher on Friday (local time), which raised some hopes the worst of the selling may be over.
Markets down, currencies up after Obama speech
Markets down, currencies up after Obama speech
Global markets remained subdued overnight after United States President Barack Obama's address to the nation on stalemated talks to drag the world's biggest economy back from the brink of defaulting on debt repayments.
Sharemarket starts day well
Sharemarket starts day well
For the third day in a row the New Zealand sharemarket has started well, buoyed by optimism on world markets.
Dunedin broker chosen for disciplinary tribunal
Dunedin broker chosen for disciplinary tribunal
Dunedin sharebroker Noeline Munro has been appointed to the New Zealand Markets Disciplinary Tribunal for a three-year term.
Fletcher gains 90%-plus Crane stake
Fletcher gains 90%-plus Crane stake
Fletcher Building has gained its targeted 90%-plus stake in rival Australian company Crane Group, in its more than $1 billion hostile takeover bid.
Energy powers year-end US rally
Energy powers year-end US rally
The rising value of energy and financial shares helped continue the end-of-year rally for United States sharemarkets yesterday, with oil rising for a second straight session.
European fears hit markets
European fears hit markets
The Greek bail-out package put together by the European Union and the International Monetary Fund had done little yet to calm investors' nerves, Forsyth Barr broker Tony Conroy said yesterday.
Firms in South rally 25%
Firms in South rally 25%
The annual market capitalisation gains by 32 listed, South Island companies have risen by $835 million, or 25%, on a year ago, the Deloitte South Island index shows.