
Straker gears up for NXT listing
Technology firm Straker Translations is preparing for a listing on stock exchange operator NZX's soon-to-launch NXT market.
Technology firm Straker Translations is preparing for a listing on stock exchange operator NZX's soon-to-launch NXT market.
Listed companies release their financial results to investors biannually, in a period informally known as the reporting season.
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 partner with a top law firm says up to 20 sharemarket floats could take place this year.
There is growing speculation that the Financial Markets Authority is investigating a high-profile local fund manager over alleged market manipulation.
New Zealand shares fell for a second day as the kiwi dollar's slide to a four-year low sapped overseas investor appetite for high-yielding stocks.
Goldman Sachs' latest NZX Ownership Survey shows overseas interest in the NZ sharemarket has remained static over the past 12 months.
The volume and value of cash trading on New Zealand's stock exchange fell last month from a year earlier.
The initial public offering pipeline is expected to keep delivering in the year ahead, but market watchers say it will be a challenge to match or exceed 2014's bumper crop of 12 IPOs.
The benchmark NZX 50 Index hit its highest point yesterday and has risen by 17 per cent in 2014, marking another golden year for local equities.