NZ sharemarket continues decline
The New Zealand sharemarket declined for the 13th time in 16 trading days, dragged down by heavyweights Fisher and Paykel Healthcare and Ebos Group.
The S&P/NZX 50 Index fell at the opening after another weak day on Wall Street and was once again rescued with a rise in the end-of-day broker matching session. The index closed at 11,836.04, down 39.31 points or 0.33%, after reaching an intraday low of 11,730.98.
There were 66 gainers and 69 decliners on the main board, with 29.28 million shares worth $117.33m changing hands.
Paul Robertshawe, ...MORE»
Consilium integrates ESG profilerThursday, April 18th, 1:52PM
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Wither now for Flint Wealth's platform?
There has to be some question over the Flint Wealth management platform's future after Harbour Asset Management and Grace Sterling subsidiary Trustees Executors apparently refused to continue funding it.
Both organisations had already written off their investments in Formosa Wealth, Flint's parent company, but the current situation is being described as a change in ownership.
Australia-based Research IP is now Formosa's sole owner, although Harbour has said that its funds will continue to be available to Flint clients and “we look forward to working closely with the Flint team on an ...MORE»
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