Sharesies adds 500,000th user as retail boom continues

Sharesies adds 500,000th user as retail boom continues
Co-founders Leighton Roberts, Sonya Williams, and Brooke Roberts share the chief executive role at the fast growing wealth creation company. (Photo: supplied)
Dan Brunskill
The covid-19 pandemic has changed everyday life in countless small ways and a handful of dramatic ones.One of the larger changes is that a significant portion of New Zealanders has become investors in the share market, having shunned it for several decades.That translated into retail investment platform Sharesies adding its 500,000th user on Thursday last week, which meant approximately 10% of the entire population now have a Sharesies account.Co-founder Brooke Roberts told BusinessDesk there was generally a bump in subscribers at the start of...

More Markets

NZ sharemarket starts week up 0.9%
Markets Market Close

NZ sharemarket starts week up 0.9%

The S&P/NZX 50 Index closed 116.19 points (0.94%) higher at 12,515.97

Entain impairs $322m from NZ segment
Markets

Entain impairs $322m from NZ segment

Entain, the offshore company that runs the TAB, has taken a £142.5 million (NZ$322m) impairment against its New Zealand assets.The Britain-based multinational betting company reported financials for the year to Dec 31 to the London Stock Exchange (LSE) on March 6.Minister for Rac...

Being AI CEO David McDonald resigns directorship
Markets

Being AI CEO David McDonald resigns directorship

David McDonald said he could no longer be effective as a director. 

Ben Moore 12:06pm
Fonterra divestment: Mainland's leadership hitting the road
Primary Sector

Fonterra divestment: Mainland's leadership hitting the road

Mainland Group recorded $4.9 billion revenue, selling 916,000 metric tonnes in 2024.