NZX’s ‘covid-fuelled’ earnings up 4%

NZX’s ‘covid-fuelled’ earnings up 4%
Chief executive Mark Peterson said 2021 was “another year of strong activity” for the exchange. (Photo: supplied)
Dan Brunskill
Stock market operator NZX today reported operating earnings up almost 4% – at $34.4 million – in the financial year ended Dec 31, as it raises capital for expansion projects.Excluding acquisition costs, full-year operating earnings hit $35.8m which is fractionally above the guidance range which topped out at $35.5m.NZX chair James Miller said the higher earnings showed “sustained momentum from the extraordinary covid-fuelled activity levels of 2020”.Secondary market liquidity – the business’ largest income st...

More Markets

RBNZ paying for unused floor space at new office
Property

RBNZ paying for unused floor space at new office

The Reserve Bank of NZ's plush new Britomart office will be only partially occupied. 

RBNZ cuts number of jobs by 20%
Finance

RBNZ cuts number of jobs by 20%

The Reserve Bank claims $11m of cost savings via Project Denby’s 20% job cuts.

Sky TV secures exclusive NZ broadcast rights for Olympic Games
Markets

Sky TV secures exclusive NZ broadcast rights for Olympic Games

Sky TV has secured exclusive New Zealand broadcast rights for the Olympic Games through to 2032.The agreement with the International Olympic Committee means Sky will televise the 2028 Summer Olympics in Los Angeles and 2032 in Brisbane, and the 2026 Winter Olympics in Milano Cort...

What Nvidia and Tower Insurance have in common
Markets

What Nvidia and Tower Insurance have in common

One is the global stock market darling, the other is an NZX star.