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NZ shares up 1.1%, Australian and Asian markets also rise

UPDATED 3.30pm: Kiwi shares up 1.1%, Australian and Asian markets also higher.

Telecom shares surge after broadband decision

Shares in Telecom surged after an announcement that the company's network arm Chorus would build nearly 70% of the Government's ultra fast broadband initiative.

NZ sharemarket starts week with early pull back

The New Zealand sharemarket started the week with a modest pull back from near three-year highs reached on Friday.

NZX lifts nearly 10pts, despite post-budget slip

Shares rose an overseas markets rebounded, though its cornerstone stock Telecom resiled from yesterday's 14-month high.

Small early gains by NZ sharemarket

The New Zealand sharemarket made only small gains in early trading, despite a rebound in stock markets around the world, as key share Telecom pulled back from yesterday's 14-month high.

NZ sharemarket flat despite global weakness

Share prices were little changed today after disappointing earnings weighed on the US market.