a2 sends NZX 50 to 4-month low
NZ's main share index dropped to a four-month low as A2 Milk plunged another 15% after lowering its full-year earnings guidance for the third time.
The S&P/NZX 50 Index fell 141 points, or 1.2%, to 12,140.66. Within the index, 23 stocks fell, 25 rose and two were unchanged. Turnover was $184 million.
Former-market darling A2 Milk was responsible for the bulk of the index’s decline, with investors trading more than $56m worth of stock.
“A2 has tipped us into correction territory today, we’re more than 10% off the high ...MORE»
Down to work within a week of forming partnershipThursday, February 25th, 6:07AM
Tauranga-based PMG Property Funds Management has wasted no time in getting down to work with Australia-based listed 360 Capital, which it formed a 50% equity partnership with last week. MORE» |
Many advisers not ready for D-DayWednesday, February 24th, 6:46AM 2 comments
Good Returns speaks to adviser consultancy groups who say that many advisers are still dragging their heels coming up to March 15. MORE» |
Sponsored Content
Q & A: Should I shift to a digital advice process?
Have you been thinking about going digital but not sure if it will benefit you and have no idea where to start? Jonathan Taylor, Managing Director at OMNIMax Software Solutions, answers your questions about going digital with your advice process… MORE »
[Get in Shape] Minister's first words; Botica busts myths; Get to know climate change; new report
Here is our wrap of the FSC Get in Shape roundshow which has just concluded. We have the first public comments from the new Minister of Commerce, David Clark. The FMA's John Botica smashes a few myths plus we have a report on the shape of financial as it heads into a whole new world. Use the links beloe to read each piece. MORE »
Jumping lessons: what all investors can learn from GameStop loss
Mint head of sales and marketing, David Boyle, explains why the ongoing GameStop experience holds lessons for new-breed investors and the old-school financial industry on handling the highs and lows of markets. Boyle takes it to the bridge...
If an online entity called ‘Roaring Kitty’ suggested a bridge-jumping strategy might be just what you need to improve your life, would you follow that advice?
Probably not. However, many thousands of retail share-traders leapt on command in January as Roaring Kitty led them over the virtual guardrail and into the swirling, dangerous waters of the GameStop stock craze.
(At the time of ...MORE»
Scams under-reported by Chinese New Zealanders: FMAMonday, February 22nd, 6:00AM
The FMA are urging Chinese New Zealanders to beware of investment scams, but an Asian adviser says the regulator needs to do more. MORE» |
Work needed in retirement income spaceFriday, February 19th, 6:00AM 1 comment
The Mercer CFA Institute Global Pension Index has revealed that in the global rankings of retirement income, New Zealand has room for improvement. MORE» |
|
News Bites
|
Sponsored by: |
|
MMC: full acquisition of IFAA Group
|
GoodReturns TV
|
[GRTV] Financial advice transformed my life: Shanks
Financial Advice New Zealand chief executive Katrina Shanks says getting her own financial adviser has transformed her life. MORE»
|
Investments
|
Sponsored by: |
|
Down to work within a week of forming partnership
Tauranga-based PMG Property Funds Management has wasted no time in getting down to work with Australia-based listed 360 Capital, which it formed a 50% equity partnership with last week. MORE»
|
Sponsored by: |
|
Data versus human
Russell Hutchinson discusses what can be achieved by adding a little or a lot of tech to your processes. MORE»
|
TMM Online
|
House prices added to Reserve Bank remit
The Government has instructed the Reserve Bank to take house prices into account when setting monetary policy, marking a significant shift in the central bank's role in the real estate market. MORE»
|
Sponsored by: |
|
[OBITUARY] Marie Quinn: Friend and colleague to many
CFP John Milner shares his experience as a friend and colleague of "this warrior woman" who held the industry to account. MORE»
|
Sponsored by: |
|
IRD to fork out $6.6 million for KiwiSaver pay delay
After delays due to a move to a new technology platform, the IRD are having to compensate many KiwiSaver accounts to the tune of $6.6 million. MORE»
