NZ shares fall for 5th day; Z Energy sold off further
New Zealand shares fell for a fifth session, with Z Energy coming in for another heavy day of selling after downgrading its earnings outlook yesterday. Blue-chip stocks were generally weaker.
The S&P/NZX 50 Index declined 41.65 points, or 0.4 percent, to 10,863.41. Within the index, 28 stocks fell, 17 rose, and five were unchanged. Turnover was $135.7 million, of which Z accounted for $21.1 million.
Z Energy was down 2.6 percent at $5.53, an eight-month low, on a volume of 3.8 million shares, making it the day's most traded stock. Its 90-day average is 643,000 shares. The retail ...MORE»
[The Wrap] The word on good customer outcomes from the topFriday, September 13th, 4:38PM
A couple of weeks ago I wrote about how there is a lack of clarity around what a good customer outcome looks like. Since then many people have commented. MORE» |
No need for Royal CommissionFriday, September 13th, 4:25PM
Finance Minister Grant Robertson says there is no need for a Royal Commission in New Zealand. MORE» |
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Minister says Govt will force change
Delegates at the Financial Services Council annual conference were given a clear message that they needed to “up their game”, or the Government would intervene.
The Minister of Commerce and Consumer Affairs, Kris Faafoi, said that “soon” a bill would be introduced to Parliament to address conduct and culture issues.
“The customer needs to be at the heart of what you do.”
In a thinly veiled comment he warned: “Where it is clear parts of the industry are dragging their feet around conduct and culture we will help them to get there ...MORE»
Scrub up or ship outFriday, September 13th, 4:03PM 1 comment
FMA chief executive Rob Everett says don't knock on my door to find out what good conduct is. MORE» |
Booster to list property fundThursday, September 12th, 8:15PM
Booster’s Private Land and Property Fund is being opened to retail investors, and is listing on the stock exchange. MORE» |
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