![High fees don't mean high returns](/pf/resources/images/placeholders/placeholder_l.png?d=799)
High fees don't mean high returns
COMMENT: It is hard to see any correlation between fees and returns, Brent Sheather writes.
COMMENT: It is hard to see any correlation between fees and returns, Brent Sheather writes.
Wall Street slipped as investors reassessed valuations in a market trading near record highs.
The Fortune 500 list of the world's biggest companies features Apple in the top 10 for the first time.
New Zealand shares edged higher, led by A2 Milk Co after it reassured the market about its infant formula business.
The New Zealand dollar was little changed as the greenback lost some of its lustre in the Asian trading session, having touched a six-month low on a dip in dairy prices.
Facebook risks a multimillion-euro fine for allegedly misleading EU merger watchdogs when it won approval to buy the WhatsApp messaging service.
Milford Asset Management will close out its recently launched private equity fund earlier than planned after finding more investor interest than expected.
Wall Street climbed to fresh records, amid the momentum of optimistic sentiment about the outlook for US economic growth and corporate
New Zealand shares rose as Tegel Group Holdings continued its rebound from last week's record low while Warehouse Group dropped after weaker earnings guidance.
Wall Street moved higher, as did US Treasuries and gold, as investors remained upbeat about the outlook but also stocked up on more defensive assets.
New Zealand shares rose, led by Infratil and Tegel Group Holdings, while A2 Milk extended its decline.
The New Zealand dollar consolidated below 70 US cents, recovering some ground from Friday's selloff in New York.
COMMENT: The annual reports show a mixed year for Government-owned commercial companies.
The price of whole milk powder, New Zealand's key commodity export, is likely to be little changed next week.
Wall Street climbed, a day after the Federal Reserve signalled a steeper path for interest rate increases.
US Federal Reserve chair Janet Yellen's announcement of an official rate hike marked a significant milestone for the world's financial markets.
New Zealand shares fell again, led lower by Tegel Group Holdings which cut its guidance, Orion Health Group and Sky Network Television.
New Zealand shares dropped after Sky Network Television gave a profit warning, while A2 Milk Co extended its decline .
Veritas Investments will wind up its unprofitable Nosh supermarket business to keep in the good graces of its lender, ANZ Bank New Zealand.
Home owners will get a steer tomorrow morning as to the future direction of their mortgage interest rates.
SKY TV has cut its 2017 earnings guidance citing rising content costs and falling revenue and subscribers.
Shares in outgoing NZX 50 member Orion Health have risen by 2.3 per cent after the IT healthcare business said it had signed a new, expanded agreement with an American client.
Wall Street climbed to fresh records, again, while US Treasuries slid.
COMMENT: The potential for political change always brings uncertainty, Mark Lister writes.
New Zealand shares continued to drift with Heartland Bank and Ryman Healthcare dropping, while Tower and Kiwi Property Group gained.
The New Zealand dollar gained with prices of commodities as traders awaited the results of the Federal Reserve's two-day policy meeting.
The founder of plastics manufacturer Sistema said the business is "worthy every penny" of the $660 million he sold it for. "It's
International investment giant Vanguard has launched a new ethical fund which excludes tobacco and cluster bombs for NZ investors.
Heartland Bank's trading halt has been lifted after the bank raised $20 million from institutional investors at $1.46 per share.
Insider trading is a complex, controversial offence with a reputation for being under-detected and under-prosecuted but are the penalties fair?