Latest fromNew Zealand Stock Exchange

Big guns rise as market climbs before Christmas
The New Zealand sharemarket posted modest gains in quiet trading yesterday ahead of the Christmas holiday break.

Telecom keeps control of premium broadband service
Telecom won't face regulatory intervention over its premium copper-based VDSL2 broadband service which guarantees speeds of 15Mb/s up, 5Mb/s down.

Michael Hill family renews push for control
The family of Michael Hill International's founder has renewed its attempt to take control of the jewellery chain.

Failed discount plan behind F&P earnings downgrade
An unsuccessful discounting strategy contributed to poor trading results that forced Fisher & Paykel Appliances to downgrade earnings guidance today.

Fletcher Building launches Crane takeover
Fletcher Building is launching a takeover bid for Australian building products company Crane Group.

Pike River helpers may never be paid back - Mayor
Many suppliers may never be paid back for giving to the recovery operation at Pike River Coal mine, the Grey District Mayor says.

114 Pike River miners to lose jobs immediately
Receivers for Pike River Coal are making 114 of its employees redundant immediately.

Pike River receivership 'cruel blow'
Pike River Coal Ltd, the owner of Pike River mine, has been put into receivership.