![Stock Takes: Good signs on last day of Meridian offer](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Stock Takes: Good signs on last day of Meridian offer
Closing day for the Meridian offer, the Vector media blackout, Diligent and Abano.
Closing day for the Meridian offer, the Vector media blackout, Diligent and Abano.
Cloud accounting software provider Xero has become a $3 billion company.
The NZ dollar has continued edge amid the ongoing stand-off between US legislators which is threatening a default on debt obligations of the world's biggest economy.
Xero is starting to "come up on the foils and sail away" while its massive US rival is "struggling to move online".
NZ tech darling Xero has raised $180m in new capital - but it's not planning new acquisitions. It's "more about building a war chest" says founder Rod Drury.
An academic says New Zealand's local stock exchange needs to step up its game.
Mighty River Power's $50 million share buyback is more about the company's strong balance sheet than politics, says chair Joan Withers.
Shares in Mighty River Power gained 5c today after the company announced that it would buy back up to $50 million of its shares - 6 months after it was listed.
The newly floated state owned power company Mighty River has announced a $50m share buyback plan - less than six months after it was partially privatised.
A call by Abano Healthcare for former director Peter Hutson to come up with a price for his half of their jointly owned audiology business has failed to illicit a public response.