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26 Jun 2022

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Reserve Bank Governor Adrian Orr shares Māori perspectives with central bankers
Reserve Bank Governor Adrian Orr has delivered a speech to fellow central bankers around the world explaining why the bank has embraced te ao Māori – a Māori world view.But Act leader David Seymour said that such a speech...

Fonterra to spend up to $50m to support flagging share price
Fonterra said it plans to spend up to $50 million on buying back its own shares from June 30.The move is in reaction to the steep decline in the share price following Fonterra's announcement on May 6 last year that it would restructure...

Continuous Disclosure: Meme stocks, crypto and NFTs - the reality check for investors
Read More Continuous Disclosure: The rise of retail investors ...

ACE - Full Year Results to 31 March 2022 / Annual Report
- the Company completed a 100 to 1 share consolidation in November 2021. As result of the consolidation, and after taking account of rounding of entitlements, the number of shares on issue in Ascension reduced from 1,914,888,105 to 19,148,828

Tesla stocks plummet by almost 50 per cent amid Elon Musk controversies
Tesla has shed almost half its value since its November 2021 peak in what has been a horror few months for the company.The electric vehicle corporation plunged by 6.42 per cent on the stock market, then on Monday local time, Tesla...

Nadia Lim controversy: Milford offloads shares
Milford Asset Management - one of the country's largest investment managers - has offloaded its shares in DGL Group. "We are no longer shareholders in the group," Milford head of sustainable Investment Frances Sweetman told Newstalk...

Wall Street's losses worsen as markets tumble worldwide
Stocks racked up more losses on Wall Street Monday, leaving the S&P 500 at its lowest point in more than a year.The sell-off came as renewed worries about China's economy piled on top of global financial markets already battered...

NZ stocks soften after Wall Street rout
New Zealand share prices were weaker in morning trading but the response to Wall Street's dramatic fall was muted.By 11.45am the benchmark S&P/NZX50 index was down 152 points or 1.3 per cent at 11,595.In the US, the fallout from...

Tower to sell Papua New Guinea Subsidiary
Tower announces the conditional sale of all of its shares in its Papua New Guinea subsidiary to Alpha Insurance Limited. The sale price is AUD $7.9m, subject to settlement adjustments. The sale is expected to occur in FY22

Osmium sells down NZME stake to 11.4pc
San Francisco-based investment firm Osmium Partners has reduced its stake in dual-listed NZME, publisher of the New Zealand Herald, to 11.4 per cent from 15.6 per cent.The sale of 8.69 million shares, for A$10.6m ($11.7m), took...

Eroad shares slide on full year loss
By RNZ Eroad shares tumbled 11 per cent after the transport software company reported a full year loss due a number of one-off costs following its acquisition Coretex.Eroad, which supplies devices and software for trucking companies...

AFT Pharmaceuticals profit soars on back of strong sales
By RNZ The drugmaker AFT Pharmaceuticals has more than doubled its full-year profit, with licensing of its flagship pain relief drug Maxigesic delivering strong results for the company.The shares jumped, rising 39c or 12.15...

NZ stocks open lower after big drop on Wall Street
New Zealand share prices opened lower after another big drop on Wall Street.After half an hour, the S&P/NZX50 index had dropped 153 points or 1.36 per cent to 11,106.8.US stocks suffered their sharpest fall since the the start...

Walmart shares plummet after guidance cut
Walmart reported stronger sales for the first quarter, but its profit took a beating as the nation's largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. The company...