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Headline News

Sharemarket falls as investors await results

New Zealand shares fell in quiet trading ahead of a busy mid-week reporting period, led lower by Sky Network Television and Mercury NZ, while Synlait Milk and a2 Milk Co rose. (4-0)

NZ shares dragged lower by Fletcher Building

New Zealand shares were mixed as Fletcher Building plunged 9.3 per cent after the company unveiled further provisions at Building + Interiors (B+I) that bring two-year losses at the unit to $952 million. (12-0)

NZ shares fall despite global recovery

New Zealand shares fell less than some analysts feared as the local market returned from a day off and global volatility settled down from selling earlier in the week. The dual-listed Australian banks and growth stocks declined. (14-0)

Big sell off drives sharemarket down 2.1 per cent

New Zealand shares fell following a selloff on Wall Street on Friday, with index futures pointing to further US weakness. Pushpay Holdings, Kathmandu Holdings, Synlait Milk, Summerset Group, Fisher & Paykel Healthcare, a2 Milk and Ebos Group all dropped more than 3 per cent. (6-0)

What to Watch For as Australia's Earnings Season Kicks Off - Bloomberg

2018-02-04 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (77-0)

Open Country's revenue tops $1 billion but profit slips

Open Country Dairy, New Zealand's second-largest milk processor, generated more than $1 billion of revenue last year but payments for milk rose faster than receipts from customers and profit fell. (7-0)

NZ shares jump 1.7% on heavier turnover as Xero leaves NZX

New Zealand shares rose on a busier day than usual, marking the final day of trading for one-time market darling Xero. (12-0)

Christchurch-based Invert Robotics raises $6.4 million, eyes European expansion

Christchurch-based robot maker Invert Robotics raised more than $6 million from private investors as it expands into Europe and branches out into other sectors. (3-0)

Synlait maintains milk price forecast for season

Synlait Milk Ltd (ASX:SM1 NZX:SML) has maintained its milk price forecast of $6.50 per kilogram of milk solids for the 2017/2018 season. (2-0)

Is the 20-year white gold rush over for dairy industry?

The country's second biggest dairy manufacturer and exporter Open Country Dairy believes New Zealand milk production growth has peaked and a long run of muscular annual rises is over. (7-0)

NZ shares mixed, Synlait, A2, Fisher & Paykel gain

New Zealand shares were mixed, with Synlait Milk, A2 Milk Co and Fisher & Paykel Healthcare Corp leading gains. (9-0)

Sky TV leads sharemarket lower

New Zealand shares fell, led lower by Metro Performance Glass and Sky Network Television, while Comvita, A2 Milk and Synlait Milk gained. (10-0)

Synlait Milk trader let go for selling to Sudan

A Synlait Milk trader was let go for selling dairy products to the sanctioned country of Sudan without his managers' knowledge. (2-0)

NZ shares up, Ryman and Stride gain while Plexure drops on NZX price enquiry

New Zealand shares gained, led higher by Ryman Healthcare and Stride Property, as Plexure Group dropped following a price enquiry. (19-0)

Brokers Picks: The 2017 results look good

It has been a good year for local equities. In fact we're not far from being able to call it a good decade with the NZX bull-run moving into its ninth year in 2018. (4-1)