Fliway Group shares slipped below their $1.20 offer price yesterday after the freight and logistics operator made its sharemarket debut in the first NZX listing of the year.

The owner of the Mad Butcher brand says the liquidation of four of its franchisee-operated budget meat outlets this year is "coincidence".

New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends

Expectations that a higher dividend from Fonterra would at least partly offset a low milk price went by the wayside yesterday when the co-operative lowered its dividend forecast range.

Technology firm Straker Translations is preparing for a listing on stock exchange operator NZX's soon-to-launch NXT market.

Higher dairy prices pushed ANZ's commodity price index up 1.8 per cent last month.

Fliway, a transport and logistics company owned by Duncan and Gretchen Hawkesby, has confirmed it will be the first new listing on the NZX this year.

Tourism Holdings, the largest campervan rental business in Australia and New Zealand, more than doubled first-half profit, beating expectations, after cutting costs and fattening margins.

A$147 million capital injection from North American investors will buy Xero some breathing room as it forges on with international growth ahead of a potential sharemarket float in the United States, says an analyst.

A partner with a top law firm says up to 20 sharemarket floats could take place this year.

There is growing speculation that the Financial Markets Authority is investigating a high-profile local fund manager over alleged market manipulation.

New Zealand shares fell for a second day as the kiwi dollar's slide to a four-year low sapped overseas investor appetite for high-yielding stocks.

Goldman Sachs' latest NZX Ownership Survey shows overseas interest in the NZ sharemarket has remained static over the past 12 months.

The volume and value of cash trading on New Zealand's stock exchange fell last month from a year earlier.