Sharemarket

Xero shares lift past $20 mark

Xero shares lift past $20 mark

Shares in Xero soared through the $20 barrier yesterday as investor interest in the software accounting firm was piqued further following a successful capital raising.

Shares seen as best investment, ASB says

Shares seen as best investment, ASB says

Investor confidence may have fallen in the three months ended June but any uncertainty about overseas events failed to dent the popularity of the New Zealand sharemarket.

Southern exposure pays off for many listed companies

Sharemarket darling Ryman Healthcare has underpinned a fourth consecutive quarter of market capitalisation gains for South Island companies and the overall Deloitte index is up 47% for the year to June.

Confidence drives world bourses to record highs

World sharemarkets continue to rise as investor confidence improves and companies trading globally continue to profit, Craigs Investment Partners broker Chris Timms says.

Sharemarkets on cusp of new highs

Many world sharemarkets are poised to reach new benchmarks next week, as investment continues to grow and worries about Europe start to recede.

Rewarding year on NZ sharemarket

Rewarding year on NZ sharemarket

More investors are expected to pile into shares this year as returns from fixed-interest investments remain low.

Trade Me beats forecasts, seeks new markets

Recently listed Trade Me beat several guidance expectations, including that of revenue in its initial public offering prospectus, to deliver an after tax profit of $36.4 million.

Modest recovery in US sees 2011 close on a more positive note

The United States managed to provide a much needed upbeat feeling for investors as the year draws to a close today.

Greek referendum depresses markets

Greek referendum depresses markets

New Zealand and Australia's sharemarkets followed global markets down yesterday, after the world-wide bourses went into a tailspin after Greece announced an unexpected referendum on whether to accept part of a $US1 trillion ($NZ1.26 trillion) European bail-out package.

Remarkables market back for summer

Remarkables market back for summer

The second summer of the popular Remarkables Market will begin next weekend, with the opening market of the 2011-12 season being held on October 22.

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