Liam Dann: NZX on fire but 1987 it ain't
The NZX hasn't been this busy since 1987. Awkward pause. Touch wood.
The NZX hasn't been this busy since 1987. Awkward pause. Touch wood.
Seven directors that raise funds from the public have been charged by market regulators for allegedly breaching the Financial Reporting Act.
Tourism Holdings' share price jumped 6 per cent yesterday after the company said its profit this year may beat guidance released earlier this year.
Behind-the-scenes book builds for glass manufacturer Metro Performance and apple grower Scales got under way yesterday.
Shares for an initial public offer for Metro Performance Glass have been pitched in a $1.65 to $1.90 range for an auction-style book build set to start today, market sources say.
France's BNP Paribas has pleaded guilty to concealing billions of dollars in transactions for clients in Sudan, Iran and Cuba in violation of US sanctions.
To fund big deals, buyers are using stock to fuel the best quarter for global takeovers since 2007.
The Financial Markets Authority has issued a favourable report card on the NZX and the way it handles its statutory obligations.
Shares in Goodman Fielder have been halted pending a material announcement from the food ingredients maker
Investor fatigue claimed its first victim yesterday when Australian private equity firm Next Capital withdrew its initial public offer for Hirepool.
Serko took a beating on its sharemarket debut yesterday, with its shares falling by almost 14 per cent.
Australian private equity company Next Capital have withdrawn its IPO for Hirepool because of a lack support from domestic institutions.
Christchurch agribusiness company Scales said it had registered a prospectus for an IPO and sharemarket float today.