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NZSA opposes Z's virtual meeting plan
Z Energy's decision to hold its annual meeting over the internet has drawn flak from the New Zealand Shareholders Association.
Z Energy's decision to hold its annual meeting over the internet has drawn flak from the New Zealand Shareholders Association.
Both cash trading volumes and the value of trading fell on year on the NZX in February, when the bulk of the country's biggest listed companies announced earnings.
Stock market operator the NZX has released its first in-depth report into how it investigates complaints and enforces rule breaches.
A businessman is out to shake up the NZX, saying he feels the company has become too bureaucratic and is not encouraging new listings.
Kate McKenzie became the sole woman at the head of an NZX50 company when she started her new job as Chorus chief executive yesterday.
The number of companies listed on the New Zealand sharemarket will continue to shrink this year, according a forecast on the capital
Rubicon and private investors have agreed to buy Tenon's Clearwood for US$55m.
NZ shares gained, with Port of Tauranga, Metlifecare and Contact Energy rising, while stock market operator NZX dropping after posting its earnings.
NZX annual profit dropped 62 per cent as the stock market operator faced mounting costs from the protracted Ralec litigation.
New Zealand shares rose, with SkyCity Entertainment Group gaining following its first-half earnings while Tower soared 42 per cent on a takeover bid.
The Tower board said the deal would not impact Tower insurance policies or the rights of policy holders.
Hellaby Holdings will delist from the NZX by March 8, after ASX-listed auto firm Bapcor succeeded in its $352 million takeover.
Harbour Asset Management has sold down its stake in Intueri Education Group.
Contact Energy, which last year said it would focus on reducing debt, is considering a $100 million offer of bonds it plans to list on the NZX debt market.
NZ shares gained, led by A2 Milk Co and Fisher & Paykel Healthcare, while Metro Performance Glass plunged after disappointing investors.
Intueri Education Group will quit Australia by the end of the year after losing federal government subsidies.
Cash trading volumes on the NZX slowed in January, continuing December's trend, while the value of trading rose despite fewer small trades.
Bapcor has succeeded in its $352 million takeover of Hellaby Holdings, in a move likely to lead to the breakup of the diversified investment group.
Australian automotive parts company Bapcor is already considering buying more Kiwi businesses as it closes in on Hellaby.
ASX-listed auto firm Bapcor edged closer to its takeover of Hellaby Holdings, lifting its holding to just below the 90 percent level.
Wall Street was mixed, even as the Dow hit a fresh record high.
Wall Street rose, pushing the Dow Jones Industrial Average above 20,000 for the first time.
Passenger revenue in the first six months of Air New Zealand's financial year has fallen sharply.
Wall Street rose amid better-than-expected corporate earnings including from DuPont.
Stocks fell on both sides of the Atlantic as Trump formally ordered the US to withdraw from the TPP.
ASX-listed auto firm Bapcor has installed four new directors at Hellaby Holdings after securing control of the New Zealand firm.
Abano Healthcare has used Healthcare Partners Holdings' interim dividend to offset the cost of a partial takeover.
The receivers of Pumpkin Patch will have all stores closed by mid-February after they couldn't entice a buyer.
Wall Street declined as investors geared up for a speech by Federal Reserve Chair Janet Yellen later in the day.
US Treasuries declined while Wall Street was mixed as investors awaited a speech by US Federal Reserve Chair Janet Yellen.