Latest from Markets

Stock Takes: Dividend hunt has a downside
COMMENT: The New Zealand sharemarket has a global reputation as a lucrative source of dividends.

Weldon's performance queried
Former NZX chief executive Mark Weldon was under pressure from his board over the his performance when he stopped funding for Clear Grain Exchange.

Tennis-ball size diamond may sell for $70m
This Canadian diamond miner saw its share surge 30pc when it announced it had found the world's second biggest diamond.

Tegel 'straining at leash' to push ahead
$300 million raised in float will help fund overseas expansion as shares jump 5.2% on first day of trading.

Norway wealth fund starts to flex ethical muscle
The world's biggest fund is to use its huge influence to vote against fat cat pay and boardroom bad behaviour.

Kiwi pops above 70 US cents, greenback weakens
The New Zealand dollar rose as the US dollar weakened after a report showed US manufacturing activity slipped.

NZ dollar rose after Japan decision
The Bank of Japan's decision not to expand its stimulus measures drove up the yen against the greenback.

Z cleared to buy Caltex petrol stations
Z Energy is allowed to buy Caltex and Challenge! petrol stations, but must sell 19 of its retail sites.

Stock Takes: Tegel not crowing about IPO
COMMENT: Tegel's sharemarket listing could be the most high-profile float the NZX will see this year. But the company is taking a low-key approach to its big day.

Stock Takes: Taxing time as Beijing tinkers
Stock Takes; Stocks with exposure to China's booming e-commerce trade have settled down after copping heavy selling.

Float sparks talk of chicken and apple parallels
Tegel Group Holdings' share sale has at least some passing similarities to that of Scales Corp, which went public in 2014.

Who will share in the space mining boom?
One solitary asteroid might be worth trillions of dollars in platinum and other metals. Exploiting these resources could lead to a global boom in wealth, which could raise living standards worldwide and potentially benefit all of humanity.

Strong demand for Tegel shares
Demand for Tegel's shares is strong, but mum and dad investors are encouraged to approach with caution.

Shares pounded amid China food import crackdown
Infant formula and health supplement firms are taking a sharemarket pounding today.

Nuplex directors unanimously back $1.05b Allnex bid
The companies have signed a scheme implementation agreement, which values Nuplex at $5.55 a share.

Stock Takes: Natural products 'a hot space'
Could newly listed health supplements maker Oceania Natural be benefiting from the Blackmores effect?

NZX poised to announce milk futures contract
The NZX is expected to announce plans for a new milk futures contract tomorrow, which will be aimed at picking up where Fonterra's controversial guaranteed milk price scheme left off.