Ralec owners set first earn-out target, court hears
NZX's former head of strategy told the High Court Ralec set the first target Clear failed to meet.
NZX's former head of strategy told the High Court Ralec set the first target Clear failed to meet.
New Zealand shares were mixed on a relatively quiet Monday as the market digested results posted by companies with a March 31 balance date.
New Zealand shares rose as Sky Network Television gained on perceptions it may be closer to fair value.
NZX chief executive Tim Bennett says settling the long-running dispute with the former owners of the Clear Grain Exchange would have been in both parties' interests.
New Zealand shares fell from a record high as speculation about a Federal Reserve rate hike next month drove up the US dollar
As the benchmark S&P/NZX50 share index heads towards yet another record high, NZX chief executive Tim Bennett says the market is in great shape.
Do we have the foundations in place to ensure New Zealand's capital market can perform, asks Tim Bennett
The NZX is launching new dairy futures and options contracts as a way to lessen the volatility in milk prices.
The emergence of new investor groups such as iwi and community trusts will introduce additional liquidity into the private equity sector, says the latest EY survey.
Former MediaWorks chief executive Mark Weldon has been thrust into the public eye again, this time to answer questions in a courtroom witness box.
NZ shares fell on renewed concerns that Sky Network Television will struggle to maintain subscriber numbers in the face of new internet-based rivals.
New Zealand shares joined a slide in equity markets that started on Wall Street and continued into Asia.
New Zealand shares reached a fresh record, as Orion Health Group advanced while Sky Network Television's losing streak continued.
NZX director Neil Paviour-Smith told the High Court the company spent no more than A$10 million on developing the Clear Grain Exchange.
NZX director and Forsyth Barr managing director Neil Paviour-Smith has rejected Ralec's claims in the High Court.
Former NZX chief executive Mark Weldon was under pressure from his board over the his performance when he stopped funding for Clear Grain Exchange.
New Zealand shares fell after Westpac Banking Corp posted earnings that missed estimates on increased impairments.
COMMENT: Tegel's sharemarket listing could be the most high-profile float the NZX will see this year. But the company is taking a low-key approach to its big day.
Trading platform operator CMC Markets has launched share contracts over the top 45 stocks listed on the NZX.
Tegel Group Holdings' share sale has at least some passing similarities to that of Scales Corp, which went public in 2014.
The first IPO of the year was oversubscribed, says Tegel, but shares are being issued at $1.55 each.
Demand for Tegel's shares is strong, but mum and dad investors are encouraged to approach with caution.
Submissions to an NZX review show many market participants are keen to reduce "fragmentation" in corporate governance reporting requirements.
Infant formula and health supplement firms are taking a sharemarket pounding today.