The lure of deeper markets and higher valuations

The lure of deeper markets and higher valuations
(Image: Getty)
Brian Robins
It was the initial public offering that drove a metaphorical stake into the heart of London's status as a global financial centre when, a few months back, the British high-tech company Arm Holdings turned its back on the UK and listed in New York.And with its share price surging 40% from the issue price since then, its investors and its advisers are doubtless well pleased. But London's ambitions of maintaining its status as a global financial centre have taken a hit. Now valued at US$65 billion (NZ$104.3b), this would have ran...

More Markets

Jarden sees Mercury, Genesis upside
Markets

Jarden sees Mercury, Genesis upside

Energy margin data points to earnings upgrades for both gen-tailers.

Cooks Coffee continues strong sales growth
Retail

Cooks Coffee continues strong sales growth

The sales growth comes at a time of rapid expansion for the firm.

Scott Tech’s Rocklabs expands Rio Tinto deal
Markets

Scott Tech’s Rocklabs expands Rio Tinto deal

Scott Technology has extended its contract with Rio Tinto, increasing the automation of a third laboratory for the mining giant in Australia.Scott, a New Zealand Exchange-listed industrial automation company, did not provide details on the value of the contract but said the syste...

Ben Moore 10:52am
THL's customer and revenue officer resigns
Markets

THL's customer and revenue officer resigns

New Zealand Exchnage-listed Tourism Holdings announced the resignation of its chief customer and revenue officer, Scott Fahey, on Tuesday morning.Tourism Holdings (THL) said Fahey's departure was because of a personal situation and it agreed to waive his notice period.Fahey h...