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Falkenstein's NZX champange challenge
Tony Falkenstein, chairman of Just Water responds to Tim Bennett's article: 'NZ's chance to grasp lost opportunity'.
Tony Falkenstein, chairman of Just Water responds to Tim Bennett's article: 'NZ's chance to grasp lost opportunity'.
Fund managers have hit back at criticism from NZX boss Tim Bennett that they are unwilling to back small Kiwi companies.
Fund managers say the poor performance of many recent sharemarket floats has impacted investor appetite for new listings.
New Zealand's capital markets and those in them need a wake-up call.
Just Water International and Coats have revived the controversy regarding the delisting of NZX companies, which was covered in the October 24 column.
Back in August, it would have been difficult to imagine the S&P/NZX 50 notching up yet another year of double-digit returns.
NZX, New Zealand's financial markets operator, has increased the minimum volume of lots required in block trades of whole and skim milk powder futures, citing increased activity.
The company behind products like Maxigesic will be listed on NZX.
The benchmark index's October run was bolstered by investor demand for investments paying regular income in a low interest rate environment.
New Zealand shares rose for a 10th straight day, propelling the benchmark S&P/NZX 50 Index to a record high.
It's billed as the place to trade shares in small, high growth businesses, but growth is something the new NXT market hasn't seen much of.
NZX may face the uncomfortable prospect of dropping out of its own benchmark index if its terrible share price performance doesn't improve.
The Shareholders Association says the PGC situation is 'farcical' but the NZX says there's no reason for de-listing PGC.
Financial risk insurer CBL Corporation has made its stock market debut this morning, raising $125 million. Its shares opened at $1.74 each.
NZX Regulation has suspended Pyne Gould Corp shares from trading for the second time in as many years.
Pyne Gould Corp risks having its shares suspended from trading for the second time in two years.
Twelve members of the Smartshares KiwiSaver scheme have been told they could face a hefty tax bill if they move schemes.
It's premature to call an end to the bull market, but do investors need to pare back their return expectations?
There is a huge difference between the timing and level of disclosure of the four Government-controlled NZX-listed companies - Air New Zealand, Genesis Energy, Meridian Energy and Mighty River Power - and other Crown entities.
Share prices firmed by just under one per cent after major offshore markets surged higher overnight.
With equity market volatility on the rise, CBL Corporation boss Peter Harris admits it isn't the perfect time to launch an IPO.
The NZX 50 closed down 1.2 per cent at 5590.2 yesterday following a plunge on Wall Street overnight that saw the S&P 500 index fall almost 3 per cent.
NZ shares are being pummelled this morning after Wall St fell on renewed China fears.
In the first minutes of trade, the S&P/NZX50 was up 28 points, led by post-result gains from Air NZ and Metlifecare.
The New Zealand sharemarket staged a comeback yesterday after being 2.5 per cent down at one point but China's sharemarket rout continues.