Committee clamps down on low-ball stock offers
The new Financial Markets Authority will have the power to clamp down on low-ball stock offers the likes of which are used by Christchurch businessman Bernard Whimp.
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NZX profits rise 18pc to $11.7m
Stock market operator NZX has reported an 18 per cent rise in normalised net profit to $11.7 million in 2010, with a "distinct" rise in revenue in the final quarter.
IAG faces $53.5m bill on Christchurch earthquake
IAG, the ASX-listed insurer that owns State Insurance and NZI, says the latest earthquake will cost it up to A$40 million.
<i>Inside Money:</i> A bourse is a bourse, a bourse of course
The global insignificance of our own tiny bourse.