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NZ index tags on to offshore slide
New Zealand shares joined a slide in equity markets that started on Wall Street and continued into Asia.
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.
$300 million raised in float will help fund overseas expansion as shares jump 5.2% on first day of trading.
The Tegel shares were widely expected to trade at a premium to the $1.55 IPO price.
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.
New Zealand shares fell as some investors took advantage of the S&P/NZX 50 index opening at a record.
Could newly listed health supplements maker Oceania Natural be benefiting from the Blackmores effect?
Farmers will have the opportunity to hedge their bets on the farmgate milk price when the NZX launches a milk price futures contract next month.
Which New Zealand shares are the biggest cash earners?
NZX, the financial markets operator, is developing a new market offering New Zealand dairy farmers a way to lessen the risk of volatile milk prices.
The NZX is expected to announce plans for a new milk futures contract tomorrow, which will be aimed at picking up where Fonterra's controversial guaranteed milk price scheme left off.
New Zealand shares fell, dragged down by dual-listed Australia & New Zealand Banking Group and Westpac Banking Group.
The shares will be listed on the NZX main board and Australia's ASX on May 3.
The mood was upbeat at NZX's Auckland offices yesterday as the third addition to the new NXT board, food supplements maker Oceania Natural, went public.
New Zealand's first sharemarket listing of the year is Oceania Natural debuting on NZX's new NXT board.
Spark has been given the go-ahead to buy an unused radio spectrum and expand its wireless services.
Problems with Pumpkin Patch's website have added to the company's list of woes as new management tries to turn the baby and childrenswear retailer around.