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The New Zealand sharemarket plunged nearly 1% on further uncertainty over the Middle East situation and a fresh rise in the oil price.
The S&P/NZX 50 Index fell at the opening and traded steadily until a sharp decline in the brokers’ matching session, closing at 13,824.13, down 133.93 points or 0.96%.
A Taranaki group fighting a proposed $620 million sale of TSB Bank to Heartland Bank has filed an interim injunction at the High Court in New Plymouth seeking to stop the deal.
Taranaki Community Accountability Society’s (TCAS) interim injunction is lodged against the nine trustees of Toi Foundation, which owns TSB Bank.
For the second week in a row, Serko is on track to be the week’s biggest gainer on the NZX 50, up 12.84% as of 2pm on Friday.
BusinessDesk’s Weekly Wrap of stocks over $0.10 shows the travel booking tech company having a solid run after posting a positive operating update to investors in late July, affirming its May guidance for total revenue to be between $128 million ...
A former Wattie’s chief executive has condemned the instances of New Zealand companies falling into foreign hands.
It was among a number of observations made by senior businesspeople inducted into the NZ Business Hall of Fame by Finance Minister Nicola Willis on Thursday night.
Crimson Consulting’s raid for ASX-listed Kip McGrath is gathering pace, with the listed tutoring company’s founding namesake now indicating he supports the takeover and wants to sell.
Last week, Crimson launched an unsolicited bid for the company’s shares at A$0.73, in what would be a A$40 million (NZ$48m) play for a tutoring operator that operates more than 500 franchi...