Latest fromNew Zealand Stock Exchange

Rakon shares plunge 24pc on guidance cut
Rakon's share price dropped by nearly 24pc to an all-time low today after the high-tech components maker cut its earnings guidance for the second time since December.

Lender loses patience with Allied Farmers
Allied Farmers has two weeks to repay a $500,000 loan plus interest of about $40,000.

Mainzeal crash bad news for Horizon
Fallout from the Mainzeal receivership is hitting listed lines company, Horizon Energy.

Solid Energy boss steps down
Don Elder has resigned as chief executive of troubled coal company Solid Energy, effective immediately.

KiwiSaver pressure building on boardrooms
Listed company directors can expect to start facing greater pressure from KiwiSaver providers, says the head of Tower Investment.

Shares gain amid rising positivity
New Zealand shares rose yesterday as another consumer confidence survey showed improving sentiment, especially in Auckland, even as Australian jobs data disappointed financial markets.

Take care with listed companies, ministers told
New Zealand's ministers and officials have been given a new set of rules outlining how they can talk about listed companies.

Stocks debut year with solid gains
New Zealand shares rose on the first trading day of 2013, following gains on Wall Street, as investors drove up companies that have featured on broker lists for 2013, such as PGG Wrightson and Ryman Healthcare.

Stocks cap off sterling year
The number of sharemarket trades hit a record high in December capping off the best year for the New Zealand stock market since 2004.

$40m deal for meat seller
Veritas Investments chairman Mark Darrow says many opportunities exist for expanding the Mad Butcher retail chain.

Mad Butcher to list on NZX
Iconic New Zealand business The Mad Butcher will be listed on the NZX early next year.