NZ index tags on to offshore slide
New Zealand shares joined a slide in equity markets that started on Wall Street and continued into Asia.
New Zealand shares joined a slide in equity markets that started on Wall Street and continued into Asia.
New Zealand shares reached a fresh record, as Orion Health Group advanced while Sky Network Television's losing streak continued.
NZ shares rose, pushing the S&P/NZX 50 Index to a record high as Air New Zealand and A2 Milk gained while Sky Network Television extended its slide.
NZX director Neil Paviour-Smith told the High Court the company spent no more than A$10 million on developing the Clear Grain Exchange.
COMMENT: The New Zealand sharemarket has a global reputation as a lucrative source of dividends.
Former NZX chief executive Mark Weldon was under pressure from his board over the his performance when he stopped funding for Clear Grain Exchange.
$300 million raised in float will help fund overseas expansion as shares jump 5.2% on first day of trading.
The world's biggest fund is to use its huge influence to vote against fat cat pay and boardroom bad behaviour.
The Tegel shares were widely expected to trade at a premium to the $1.55 IPO price.
Stock Takes; Stocks with exposure to China's booming e-commerce trade have settled down after copping heavy selling.
Tegel Group Holdings' share sale has at least some passing similarities to that of Scales Corp, which went public in 2014.
The first IPO of the year was oversubscribed, says Tegel, but shares are being issued at $1.55 each.
New Zealand shares rose to a record amid speculation Z Energy's application to buy the Caltex chain will be approved.
Demand for Tegel's shares is strong, but mum and dad investors are encouraged to approach with caution.
Infant formula and health supplement firms are taking a sharemarket pounding today.
The companies have signed a scheme implementation agreement, which values Nuplex at $5.55 a share.
Could newly listed health supplements maker Oceania Natural be benefiting from the Blackmores effect?
The mood was upbeat at NZX's Auckland offices yesterday as the third addition to the new NXT board, food supplements maker Oceania Natural, went public.
Shares in Oceania Natural rallied after the supplement maker became the third company to list on NZX's new NXT market.
An executive reshuffle at ikeGPS will see the departure of the developer's chief financial officer and senior vice-president of sales.
Vista Group could be on its way to joining the S&P/NZX 50 after major shareholders sold a quarter of the cinema software developer.
20 shareholders in VistaGroup International will sell about a quarter of the company's stock to institutions and retail brokers at a 6.3 percent discount.
Property developers John and Michael Chow have reduced their holding in Chow Group as part of their efforts to meet NZX listing requirements.
New Zealand shares rose, following international markets, with ANZ Banking Group, Genesis Energy and SkyCity Entertainment Group leading the index.
Auckland Airport hit an impressive milestone this week as its market capitalisation sailed across the $8 billion mark for the first time.
Adult entertainment and property investors strike deal for troubled builders.
This week marks the seven-year anniversary of this bull market. In March 2009, the S&P500 share market index in the US bottomed at a closing level of 677 points.