World sharemarkets are in a bull phase and the New Zealand sharemarket is no exception.

There have been a number of recent comments that the NZ sharemarket is overvalued, just as it was in the mid-1980s, writes Brian Gaynor.

The country's next batch of aspiring entrepreneurs have been given a crash course on the realities of business in Auckland this week.

Companies that want to list and raise money on a new market proposed by the stock exchange won't have to provide investors with prospective financial information.