Latest from Markets

SkyCity first-half profits drop 16pc
Profits are down at SkyCity, after Rugby World Cup benefits weren't repeated and international visitors won more money than usual.

Growing lineup of NZX listings
Companies with strong growth prospects and businesses involved in the dairy and agricultural sector are high on the wish list for new listings on the sharemarket.

Surplus, but aluminium tipped to rise
Aluminium prices should improve slightly this year, despite an expected surplus of the metal and the likelihood of overproduction in the years ahead.

Pat Pilcher: Is Facebook dying?
The fall in the number of UK Facebook users had led many to speculate that Facebook has hit a saturation point in developed markets like the UK and could be going backwards.

'Bun fight' reported in Trade Me sale
Trade Me shares are out of a trading halt, with Fairfax now having sold all its shares to a "broad range of institutions" at a five per cent discount.

Petrobras' last-ditch rescue bid
Petrobras officials attempted to save their Raukumara Basin project by asking for time to seek a financial partner.

Fracking issues could 'fall through gaps'
New Zealand's fragmented oversight of the oil and gas industry could result in potential 'fracking' problems slipping through the gaps.

Oil giant dumps NZ exploration permits
Brazilian oil company Petrobras has handed back exploration licences it holds for deep sea oil and gas prospects off the North Island's East Cape.

BurgerFuel opens biggest ever store
Fast food chain and franchisor BurgerFuel Worldwide has opened its largest store ever, in the capital city of Saudi Arabia.