NZ sharemarket up nearly 1% after long weekend as Serko surges
The New Zealand sharemarket lacked direction ahead of some defining events, but Serko went only one way, surging more than 15% on increased revenue and growth.
The S&P/NZX 50 Index was up and down all day and closed at 12,783.36, up 11.75 points or 0.09%, after reaching an intraday high of 12,826.48 and low of 12,720.21.
Trading was heavy, with 83.55m shares worth $223.17m changing hands.
Last piece of the puzzle
Mark Lister, investment director with Craigs Investment Partners, said he wasn’t surprised the market was feeling unsure about ...MORE»
Stakeholders’ satisfaction with FMA takes a tumbleSaturday, October 26th, 5:53AM
Stakeholders’ opinions of how easy it is to deal with the Financial Markets Authority have deteriorated in the past 12 months, according to the regulator’s latest survey. MORE» |
IRD likely to catch up with those not declaring FIF incomeFriday, October 25th, 12:55PM
A tax consultant is warning those who aren't declaring their foreign investment fund (FIF) income that Inland Revenue may soon catch up with them. MORE» |
Sponsored Content
Active or Passive? How about the best of both worlds
Passive investing revolutionised the investment management industry, which up until its advent, had been dominated by active fund managers who would generally employ market timing or security selection strategies aimed at outperforming the ‘market’. MORE »
NZFSG’s ‘MyInduction’ Programme: Setting advisers up for success
NZFSG has recently launched an innovative induction programme designed to help advisers new to the network thrive. The ‘MyInduction’ Programme equips advisers with the skills to navigate compliance and leverage NZFSG’s industry-leading technology, services, and support. MORE »
New Zealand Equity Monthly September 2024
New climate-related disclosures seen bringing both benefits and challenges MORE »
Southern Cross Health Society Group annual results reflect steep increase in demand for private healthcare
Today Southern Cross Health Society Group (“Group”) shares its annual results for the year ended 30 June 2024, highlighting extraordinary growth in claims over the year; in volume and value. MORE »
Regulator seeks improvements from DIMS licence holders
Providers tasked with managing their clients’ portfolios on their behalf have been asked to lift their game on fee disclosure, helping investors better understand the service they’re getting and their management of liquidity risk.
The Financial Markets Authority monitors a sample group of the 49 providers licensed as Discretionary Investment Management Services - a licence which allows them to accept authority from investors to make buy and sell decisions on their behalf.
Its first monitoring report into the sector, which manages 47,000 retail accounts with $48 billion of funds under management, the FMA found providers overall ...MORE»
[GRTV] Smart is launching four new ETFsThursday, October 24th, 6:00AM
The ETFs are sector focused investing in Bitcoin, gold and technology. A fourth new ETF tracks the NZX20. MORE» |
Economist Shamubeel Eaqub joins SimplicityTuesday, October 22nd, 11:34AM
Simplicity is readying to lobby harder on its goals of growing the KiwiSaver pool and seeing more investment funds directed to the likes of infrastructure and housing with the hiring of well-known economist Shamubeel Eaqub. MORE» |
|
News Bites
|
Booster Foundation takes off
The Booster Foundation inks five partnerships in first year. MORE»
|
GoodReturns TV
|
[GRTV] Stronger and more unified voice needed to force KiwiSaver changes
The Retirement Commissioner Jane Wrightson talks to Philip Macalister about changes she would like to see made to KiwiSaver. MORE»
Insync: Market concentration a myth
Evidence does not support a new and perilous belief that global markets are becoming increasingly more concentrated, according to Insync Funds Management (Insync). MORE»
|
Sponsored by: |
|
How much knowledge of medical conditions are life advisers expected to have?
[Opinion] Steve Wright asks how much do life and health advisers need to know about medical conditions in order to provide suitable advice? MORE»
|
TMM Online
|
Prospa expands its offerings
Small business lender Prospa has expanded its offering in New Zealand. MORE»
|
Sponsored by: |
|
Coach dances into sales role at AIA
AIA NZ appoints new regional sales manager – Northern. MORE»
|
Sponsored by: |
|
KiwiSaver shortcomings identified in global report
Bumping up KiwiSaver contributions and introducing a carer’s savings credit for those with young children are among the improvement measures identified in a new report benchmarking New Zealand against other countries’ pension systems. MORE»
