NZ shares inch higher as investors eye upcoming AGMs
New Zealand shares edged higher as investors wait for the upcoming round of annual meetings for a clearer steer on company outlooks.
The S&P/NZX 50 index increased 8.45 points, or 0.1 percent, to 9,345.96. Within the index, 22 stocks gained, 20 fell and eight were unchanged. Turnover was $157.5 million.
Grant Williamson, a director at Hamilton Hindin Greene, said a number of companies held off providing earnings outlooks at their annual earnings, preferring instead to wait for the AGM.
"After a few months of trading under the ...MORE»
AFAs censured by FADCTuesday, September 25th, 4:00PM 1 comment
A QFE’s investigation into its advisers’ replacement business processes resulted in two referrals to the Financial Advisers Disciplinary Committee. MORE» |
A2 drop no shock for heavily invested adviserTuesday, September 25th, 6:00AM 6 comments
An investment adviser heavily backing A2 in his clients’ portfolios says he’s not worried about a dip in share price. MORE» |
PIE tax cap wouldn't work in capital gains environment: Advice
PIE funds could get a shake-up if New Zealand were to implement a broad-based capital gains tax regime.
The tax working group issued its interim report last week.
It stopped short of recommending a capital gains tax yet, although it laid out two possible scenarios, and said it was the key issue for discussion.
In a background advice paper, given to the tax working group by its secretariat and issued along with the report, questions were asked about the sustainability of the PIE regime, if a capital gains ...MORE»
Tax working group wants help for low-income investorsMonday, September 24th, 6:00AM
Incentives are needed to make saving for retirement a compelling option, the Tax Working Group says. MORE» |
Pathfinder launches vegan fund offerSaturday, September 22nd, 6:00AM
Pathfinder Asset Management has launched a vegan-friendly fund option. MORE» |
|
News Bites
|
Group preparing for code consultation
Code working group chairman Angus Dale-Jones says it is making good progress on its draft code of conduct for the sector. MORE»
|
GoodReturns TV
|
[GRTV] Pie Funds Management CEO, Mike Taylor is in studio
Mike Taylor chats positive changes and growth for Pie Funds MORE»
|
Sponsored by: |
|
Kepa takes stake in another advice business
Adviser group Kepa is continuing its process of striking alliances with New Zealand financial advice businesses. MORE»
|
TMM Online
|
Aussie group buys into Mortgage Express
[UPDATED] Australian dealer group Astute Financial has taken a 50% stake in Mortgage Express. MORE»
|
Sponsored by: |
|
Devon continues to invest in their team and infrastructure
|
Sponsored by: |
|
AFA concerns on back-burner for now
Financial advisers who raised concerns about KiwiSaver have been told a review of default provider arrangements will consider those issues – but not until next year. MORE»
