Mainfreight, China optimism drive stocks higher
Optimism that there may soon be a solution to the US-China trade impasse helped drive the New Zealand sharemarket higher, along with others around the region.
The benchmark S&P/NZX 50 index ended at 12,327.89, up 179.29 points or 1.48%, and building on Thursday’s 2% gain.
There were 78 rises and 52 falls among the 41.1 million shares worth $145.7m traded.
The standout performer on the day was logistics firm Mainfreight, which gained $6.84 or 12.4% to end at $62.01 after a positive earnings update.
According to news reports from Hong Kong, China ...MORE»
US firm buys established Kiwi advice firmFriday, May 2nd, 8:15AM
NYSE-listed global insurance giant buys New Zealand financial planning firm MORE» |
New managed fund offering targets saversFriday, May 2nd, 6:29AM 1 comment
A new managed fund spearheaded by an ex-Fisher Funds manager aims to offer savers an alternative to banks promising retail access to wholesale rates. MORE» |
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Craigs’ 50% stake sale complete
Investment firm Craigs has confirmed the sale of half of the company to global private equity firm TA Associates is now complete and takes effect from today.
Investment firm Craigs has confirmed the sale of half of the company to global private equity firm TA Associates is now complete and takes effect from today.
The agreement between the two, announced in December last year, sees Craigs’ existing employee and director shareholders retain the other half of the company’s ownership. The parties have not disclosed how much TA paid for its ...MORE»
Kernel takes on Sharesies (and others)Tuesday, April 29th, 6:00AM
Kernel Wealth has transformed from an index fund manager into an investment platform taking in the likes Shareies and Hatch. MORE» |
Generate expands investment options with 6 new fundsMonday, April 28th, 8:15AM
Generate is expanding its offering with the launch of six new retail funds – three KiwiSaver funds and three managed funds –designed to give investors greater choice and more flexibility to build long-term wealth. MORE» |
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News Bites
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Craigs’ 50% stake sale complete
Investment firm Craigs has confirmed the sale of half of the company to global private equity firm TA Associates is now complete and takes effect from today. MORE»
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GoodReturns TV
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[GRTV] Antipodes portfolio manager discusses emerging markets fund's potential amid volatility
Antipodes Portfolio Manager John Stavliotis discusses the opportunities in emerging markets, their strong growth potential and diversification benefits. MORE»
Sky TV's Rights Negotiation goes into Extra Time
Price increases are never welcome but sometimes, on rare occasions, we can soften that blow by offsetting ourselves in the market. For instance, accepting a 12-14% insurance premium increase from your insurer Tower is a lot easier to digest when your Tower shares return over 120% in the same year. For the good of the shareholders, you start to say… MORE»
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Gail Costa's farewell message to advisers
In a farewell message to advisers, former Chubb chief executive Gail Costa pays tribute to the work advisers do. MORE»
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TMM Online
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Problem mortgage stockpile grows
While the country’s mortgage stock rose by $1.9 billion in March, the number of problem mortgages also rose by $61 million to $2.4 billion and withdrawals from KiwiSaver on hardship grounds reached a record monthly high. MORE»
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Former FMA boss joins Simplicity
Simplicity gets its number one pick for new chairman. MORE»
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Advisor relationships on Sharesies' radar
Investment platform Sharesies is turning its mind to how it can work more closely with advisors now it has its latest KiwiSaver scheme options up and running. MORE»
