FMA weighs up fast-tracking personalised robo-advice

Article – BusinessDesk

June 21 (BusinessDesk) – The Financial Markets Authority is considering using its powers to fast-track automated personalised financial advice ahead of the expected 2019 schedule in the latest overhaul of legislation governing the sector. Read more »

KPMG NZ leadership report aims at fuelling prosperity

Press Release – KPMG

Our leadership report is designed to assist new generations of New Zealand business leaders in their business relationships. This report draws on insights gathered from 51 of New Zealands top CEOs surveyed, and compares key insights with those from … Read more »

BOJ, Sterling, Greece & Oil Under Spot Light

Press Release – ThinkMarkets

European stocks are ignoring the butchery we experienced in the US equity which was triggered with FANG stock. This was mainly on the back of two key fundamental reasons. Firstly, the central banks around the globe tightening their screws on the … Read more »

Cooks widens loss, revenue falls in 2016

Article – BusinessDesk

June 15 (BusinessDesk) Cooks Global Foods, which owns the master franchise rights for the Esquires Coffee chain outside of New Zealand and Australia, posted a wider net loss and lower revenue in 2016 as it wrote down the value of its Chinese assets. Read more »

Lower cost option for sending annual reports

Press Release – New Zealand Government

Listed companies and other financial markets businesses will now have alternative options for sending annual reports, saving them money and time, says Commerce and Consumer Affairs Minister Jacqui Dean. Read more »

Investors buy Balex Marine from liquidators

Article – BusinessDesk

June 15 (BusinessDesk) Two expat Kiwi businessmen who participated in Balex Marine’s $330,000 equity crowdfunding last year have bought the automatic boat loader’s assets from the liquidator for an undisclosed sum. Read more »

Honey no longer employed after insider trading conviction

Article – BusinessDesk

June 14 (BusinessDesk) Eroad, the logistics and fleet management software developer, says former senior employee Jeffrey Peter Honey is no longer employed by the company after his sentencing for insider trading yesterday. Read more »

Chapman Tripp sees more shareholder lobbying in listed firms

Article – BusinessDesk

June 13 (BusinessDesk) New Zealand’s listed companies are set to face a growing tide of shareholder activism and increased demands for accountability, law firm Chapman Tripp says. Read more »

While you were sleeping: Dow rises to record

Article – BusinessDesk

June 14 (BusinessDesk) Wall Street gained, pushing the Dow Jones Industrial Average to a record high, as Federal Reserve policy makers started a two-day meeting after which they are widely expected to announce an increase in interest rates. Read more »

Chapman Tripp Corporate Governance Trends and Insights

Press Release – Chapman Tripp

A more activist shareholder culture, more boardroom diversity, more intense accountability and enhanced disclosure requirements are among the themes identified in Chapman Tripps Corporate Governance Trends and Insights report . Read more »

While you were sleeping: Tech stocks slide

Article – BusinessDesk

June 13 (BusinessDesk) Wall Street declined as shares of tech stocks including Apple fell amid concern about valuations, while oil gained. Read more »

NZ wool prices fall; second-shear wool hits 7-year low

Article – BusinessDesk

By Tina Morrison June 9 (BusinessDesk) Prices fell at New Zealand’s latest weekly wool auction, with some grades hitting their lowest level in more than seven years, amid continued lacklustre demand from China, the largest buyer, and as a higher kiwi … Read more »

FMA files charges under Crimes Act

Press Release – Financial Markets Authority

Two men appeared yesterday in the Tauranga District Court in relation to various charges filed by the FMA under the Crimes Act. Read more »

Focusing on Business Outcomes rather than Tech Needs

Press Release – IDC New Zealand Ltd

AUCKLAND, June 9th, 2017 – New Zealand’s IT services landscape has changed dramatically since 3rd Platform technologies, such as cloud and mobility, came into play. The nature of IT has transformed from being a supporting mechanism to a business enabler. … Read more »

Investors Focused On Super Thursday

Article – ThinkMarkets

Traders have a lot to digest today and they need to be on their A game to play this right. Voters over in the UK are going to vote for their new Prime Minister, the European Central Bank will deliver their verdict about their monetary policy and … Read more »

Rival NZ petrol chains lift profits despite falling sales

Article – BusinessDesk

June 6 (BusinessDesk) New Zealand’s biggest petrol chains increased their profits in 2016 despite revenue dropping, as rising oil prices made their inventories more valuable. Read more »

Endace Launches New Network Recorder

Press Release – Endace

The EndaceProbe 4100-TR provides rich timing information, high-speed network recording, and built in investigation tools to help Financial Traders comply with MiFID-II and other trading regulations Read more »

NZ dollar extends gains vs Aussie on weak iron ore

Article – BusinessDesk

NZ dollar extends gains vs Aussie on weak iron ore, China demand, falls vs greenback Read more »

NPT annual profit falls 63%

Article – BusinessDesk

May 31 (BusinessDesk) – NPT, the listed property investor, posted a 63 percent drop in annual profit after some of its properties reduced in value and it faced extra costs from a proposed deal with Kiwi Property Group that didn’t proceed. Read more »

Summerset Group to sell $100m of six-year retail bonds

Article – BusinessDesk

May 30 (BusinessDesk) – Summerset Group announced a retail bond offer of $75 million with the ability to accept up to $25 million in over-subscriptions. Read more »

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