Fund manager Allan Gray follows through on threat to vote against the re-election of directors as shareholder questions ‘selective leaking’ of news to Australian journalists.
Shares have been the best investment for the past decade, but that may not last, says Mercer.
The local market has walked back some of yesterday’s losses, closing up 1% as Asian markets rallied.
The bonus follows a huge increase in the valuation of Infratil’s stake in datacentre company CDC implied by a transaction announced in February.
NZX Top 50 closed down 3.7%, with companies including Seeka, Mainfreight, Fletcher Building, and KMD Brands all hit.
The fallout of Donald Trump’s ‘Liberation Day’ tariff announcements continues to reverberate, with the local bourse in the largest one-day sell-off since the pandemic.
Takeovers Panel convenes a meeting to inquire into whether Canadian billionaire complied with the Code.
Close to A$90b in value has been shed from Australia's stock market since Trump’s ‘Liberation Day’ announcement.
The defensive growth characteristics of many NZX constituents should provide some resilience, says analyst.
Global markets have been hammered following yesterday’s tariff announcement by Donald Trump.
