Title
Content
DGL shares slump as ASX trading resumes
Lachlan Colquhoun
Thu, 16 Apr 2026
Hot Topic
ACCOUNTANTS
Thu 16 Apr 2026 02:31:27pm
MARKET MOVEMENTS
Powered by:
VIEW MORE
Gainers
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Decliners
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Gainers
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Decliners
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Thu 16 Apr 2026 02:31:27pm
MARKET MOVEMENTS
Top Story
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Latest News
Quick Takes
FMA settles IPO proceeding with CBL
The Financial Markets Authority says it has reached a full and final settlement with CBL Corporation in the legal action it took alleging disclosure breaches in the insurer’s 2015 initial public offer documents.
CBL raised $125.3 million from the public in its October 2015 IPO but after regulatory investigations in New Zealand and overseas, CBL was placed in interim liquidation by the RBNZ in February 2018, leading to 100% losses for its shareholders.
Several legal actions followed, including one by the FMA alleging misleading statements in IPO documents. Those proceedings began this week, although claims against former managing director Peter Harris settled on Tuesday with him admitting disclosure breaches.
Today, the FMA said it had now also settled with CBL on the matter. The parties will now proceed to a pecuniary penalty hearing before the High Court.
WoF requirements relaxed for New Zealand vehicle fleet
The Government has confirmed it is relaxing Warrant of Fitness and Certificate of Fitness requirements for light vehicles. Most light vehicles less than 14 years old will move to two-yearly WoF inspections, instead of yearly, and new vehicles will go four years before needing a second WoF. Older vehicles, motorcycles, and light rental vehicles will move from six-monthly to annual inspections. Transport Minister Chris Bishop said the changes aligned inspection efforts with safety risk. The cost-benefit analysis showed the changes were expected to deliver between $2.6 billion and $4.1b in net benefits over 30 years through lower inspection fees, compliance, and fewer repairs. The changes will come into effect in two stages from November this year.
Finance ministers call for end to Iran war
Finance Minister Nicola Willis has joined other finance ministers in calling on the United States, Israel and Iran to implement the ceasefire in full. Willis is in Washington attending the International Monetary Fund’s Spring meeting and put her name to the statement from finance ministers from the United Kingdom, Australia, Japan, Sweden, the Netherlands, Finland, Spain, Norway and Ireland. They said the past few weeks had brought unacceptable loss of life and caused significant disruption to the global economy and financial markets. “We call for a swift and lasting negotiated resolution to the conflict, and a return to free and safe transit through the Strait of Hormuz, that mitigates impacts on growth, energy prices and living standards, in particular for the poorest and most vulnerable,” the statement said. It said renewed fighting, a widening of the conflict, or the continued disruption in the Strait of Hormuz would make things worse.
close
Quick Takes
Thu 16 Apr 2026 02:22:43pm
MARKET MOVEMENTS
Latest News
Most Popular
Most Commented
Editor's picks
Featured
Short videos
NBR Focus
The Accountants: Full Investigation
0:00
NBR Focus
The Accountants: Some KPMG staff already using AI agents
0:00
NBR Focus
The Accountants: Turning EY into a one-stop-shop
0:00
NBR Focus
The Accountants: PwC and the end of human-only workforces
0:00
NBR Focus
The Accountants: Deloitte sees AI freeing up 25% of capacity
0:00
Politically Speaking
Conflict: RBNZ discusses impact on inflation
0:00
Politically Speaking
Responding to Trump’s rhetoric – Winston in Washington
0:00
Underarm
Sydney's new airport, Western Sydney International (WSI)
0:00
Dollars & Sense
Debate: Economic fallout from the Iran war
0:00
Politically Speaking
Cabinet reshuffle sees Chris Bishop replaced
0:00
Politically Speaking
Dealing with the fuel crisis
0:00
The NBR Podcast
Podcast: ‘Unicorn’ Halter rounds up a big raise
0:00
Politics
A $22b opportunity: businesses push for climate policy stability
0:00
Politically Speaking
Fuel: Willis, not Luxon, is leading the way
0:00
Politically Speaking
No “senseless virtue signalling” signals Peters
0:00
The NBR Podcast
Shane Jones on geothermal energy
0:00
Economics
Inflation pressures and NZ’s fragile economic recovery
0:00
Economics
RBNZ risks repeating Covid-era mistakes on Iran
0:00
Shoeshine
When a kill chain refusal becomes a supply chain risk
0:00
Politically Speaking
When the personal becomes political
0:00
Analysis
Categories
