![Milford Asset loses wholesale clients](/pf/resources/images/placeholders/placeholder_l.png?d=799)
Milford Asset loses wholesale clients
Milford Asset Management has lost five wholesale clients, including financial services provider Mercer, since its $1.5 million settlement with the FMA last month.
Milford Asset Management has lost five wholesale clients, including financial services provider Mercer, since its $1.5 million settlement with the FMA last month.
New Zealand shares fell yesterday in a region-wide sell-off as uncertainty over Greece's financial stability overshadowed equity markets.
Australian unemployment is believed to have bumped higher last month thanks to a slowdown in the creation of new jobs.
NZX dairy futures pricing continues to point to more weakness in the whole milk powder market, following on from the sharp decline at last week's GlobalDairyTrade auction.
The worst monthly slump in Chinese stocks in two years wiped away more than US$34 billion ($50.8 billion) in combined net worth of the richest people in June.
The Bunnings chain of hardware stores have been a great success story, but the chain is at risk of becoming a victim of its own success, writes Christopher Niesche.
Today's referendum result in Greece is set to dominate market trading this week, although economists predict that it will not lead to huge impacts locally.
Hamish Fletcher says he FMA, after some law changes, now has the tools that allow it to proactively stamp out misleading conduct in the market.
Kiwis can now use a beer byproduct to fill their cars, with a new biofuel being unveiled at an Auckland service station today.
New Zealand is enjoying 3.2 per cent economic growth and 0.1 per cent inflation, the statisticians tell us, but Bank of New Zealand economists warn we could see those numbers switch.
The dual-listed outdoor apparel retailer has hired Goldman Sachs as its adviser and there will almost certainly be push-back on the pricing of the deal.
We like to think of ourselves as an innovative bunch with a history of solving difficult problems with No 8 fencing wire.
Z Energy, the listed service station chain, said its planned $785 million purchase of rival Chevron New Zealand's Caltex-branded network won't drive up prices at the pump because the target doesn't....
World stockmarkets have moved only slightly overnight, as the news from Greece changes minute by minute.
If successful the takeover would give Briscoe Group access to the Australian market, where Kathmandu already has 100 stores.
World shares have slumped on concern Greece is headed for default and exit from the euro zone.
Currency traders will be on tenterhooks this week as the Greek sovereign debt crisis goes from bad to worse, with more downward pressure likely to come on the Kiwi dollar.
Low dairy prices have not dampened demand for palm kernel - a supplementary feed which has the effect of "turbo-charging" milk production.
Prime Minister John Key says overseas markets are causing high prices for milk at home.
For the month of May, New Zealand had a trade surplus of $350 million, beating expectations for a $100 million deficit.
JPMorgan's hat tip to the New Zealand Superannuation Fund was PR manna from heaven after all the hoo-haa a few months back over its ill-fated Portuguese excursion.
More than half a billion dollars has been wiped off the value of NZX-listed electricity firms today.
Wall St moved lower overnight with European equities as the posturing between Greece and its international creditors continued.
The swiftness of the New Zealand dollar's drop in recent weeks has taken many businesses by surprise, says ASB Bank.
The drop in the New Zealand dollar has enabled local video games producer to focus on expansion and growing its workforce.
Global shares traded in a narrow range overnight as investors assessed data pointing to a brighter outlook and awaited Greek bailout news.
Currencies tend to act like a country's share price, falling to reflect a worsening outlook and rising when things start to look brighter, says Mark Lister.