$20k fee rise angers NZAX firms
A battle is brewing over a nearly fivefold jump in fees for some companies listed on the NZAX alternative market.
A battle is brewing over a nearly fivefold jump in fees for some companies listed on the NZAX alternative market.
The NZX will this week launch the NXT board, a new market for small, growth-focused firms.
Craigs Investment Partners has been fined $30K and censured by NZX's disciplinary tribunal for sloppy record-keeping.
Powerco, the energy lines company, reported a 20 per cent drop in annual profit as it paid more tax.
Contact Energy shares jumped more than 14 per cent after announcing it will increase returns to shareholders.
The company expects to open 150 Esquire Coffee stores in China in the next five years.
Share trading platform Unlisted is applying for an exemption from the Financial Markets Authority.
No other advanced economy in the world would allow almost all of its banking system to be owned overseas, writes Paul Glass. "Let's require the big four banks to list 25 per cent of just their NZ operations on the NZ Stock Exchange."
Z Energy posted a 10 per cent increase in full-year operating earnings, as fuel and refining margins improved and the service station chain sold more fuel.
What would happen if Chinese retail investors got a sudden taste for New Zealand stocks? Until recently that question might have seemed a little preposterous.
Fliway Group shares slipped below their $1.20 offer price yesterday after the freight and logistics operator made its sharemarket debut in the first NZX listing of the year.
The owner of the Mad Butcher brand says the liquidation of four of its franchisee-operated budget meat outlets this year is "coincidence".
New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends
Expectations that a higher dividend from Fonterra would at least partly offset a low milk price went by the wayside yesterday when the co-operative lowered its dividend forecast range.
Higher dairy prices pushed ANZ's commodity price index up 1.8 per cent last month.
Fliway, a transport and logistics company owned by Duncan and Gretchen Hawkesby, has confirmed it will be the first new listing on the NZX this year.
A$147 million capital injection from North American investors will buy Xero some breathing room as it forges on with international growth ahead of a potential sharemarket float in the United States, says an analyst.
Tourism Holdings, the largest campervan rental business in Australia and New Zealand, more than doubled first-half profit, beating expectations, after cutting costs and fattening margins.