Fletcher Building continues its good run
New Zealand stocks rose, led higher by Fletcher Building as the construction company extended a recent rally. Metro Performance Glass jumped 13 percent after meeting its downgraded earnings guidance.
The S&P/NZX 50 Index increased 25.93 points, or 0.3 percent, to 10,263.41. Within the index, 20 stocks rose, 22 fell, and eight were unchanged. Turnover was $102 million.
Fletcher rose 3 percent to $5.46 on a volume of 2.5 million shares, more than twice its 90-day average of 1.2 million. The country's biggest listed building company has climbed 6.8 percent since May 17, when a Deloitte report ...MORE»
SFO raids office of Dunedin AFAThursday, May 23rd, 3:44PM
The Serious Fraud Office, with the assistance of the Financial Markets Authority, has executed search warrants this morning in relation to an investigation concerning the Dunedin-based financial adviser. MORE» |
[GRTV] We have to prove we are not the bad guys: BallantyneThursday, May 23rd, 12:25PM
Partners Life managing director Naomi Ballantyne says the various regulatory reviews are putting huge pressure on life insurance companies and distracting them from their core business of paying claims. MORE» |
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[GRTV] Good conduct and culture drives out the snake oil
Reserve Bank governor Adrian Orr talks to Philip Macalister about good conduct and culture and what needs to change in the life insurance market.
Orr says life insurance companies are good businesses, but there needs to be a lot of change in how they are run.
The Reserve Bank and Financial Markets Authority has done Culture and Conduct reports on both banks and life companies and found that the latter was in worse shape than banks.
Orr says the regulators want to see change and their preference is that the change comes from the companies ...MORE»
FundSource finally sold - Sort ofThursday, May 23rd, 6:00AM 1 comment
The NZX has finally announced a sale of its fund management research business FundSource to an Australian company - however the deal is still conditional. MORE» |
Aegis on the block - potentiallyWednesday, May 22nd, 6:00AM
ASB has announced that it is reviewing ownership of its Aegis wrap platform and may sell it. MORE» |
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ANZ cans advice service - what next for NZ?
ANZ is dropping a key advice service in Australia. MORE»
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GoodReturns TV
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[GRTV] We have to prove we are not the bad guys: Ballantyne
Partners Life managing director Naomi Ballantyne says the various regulatory reviews are putting huge pressure on life insurance companies and distracting them from their core business of paying claims. MORE»
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[GRTV] Good conduct and culture drives out the snake oil
Reserve Bank governor Adrian Orr talks to Philip Macalister about good conduct and culture and what needs to change in the life insurance market. MORE»
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TMM Online
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Small banks fire warning on capital requirements
Four smaller banks have warned that the Reserve Bank's new capital proposals could inadvertently widen the competitive gap between them and the big four. MORE»
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Salt makes two key appointments
Salt Funds Management has appointed a Chief Investment Officer and a Head of Data Science. MORE»
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