The strictly business year end awards – 2023 edition

Reserve Bank governor Adrian Orr has been telling NZ it needs to have a recession. (Image: Getty)

Sat, 24 Dec 2022

Wacky dividend policy of the year: ChorusThere were many contenders for this one. Ryman Healthcare broke with long tradition and got over its phobia against raising new capital and instituted a dividend reinvestment plan (DRP).But oops, Ryman doesn’t pay tax, so it doesn’t have any imputation credits, so the dividend is taxable in shareholders hands, even if they decide to give it back.But the winning trophy has to go to a particularly egregious example: Chorus paid a final dividend of 21 cents per share, also unimput...

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Markets Market Close

NZ stocks take Wall Street lead to end down 1%

The S&P/NZX 50 Index closed down 133.41 points or 0.98% at 13,464.46.

Jamie Gray 6:15pm

Primary Sector

Comvita deal fails, attention turns to capital raise

“It is your company, and ultimately, shareholders determine its future.”

Riley Kennedy 3:40pm

Comvita deal fails, attention turns to capital raise

Primary Sector

Synlait Milk increases working capital facility

Its annual meeting is next week.

Riley Kennedy 10:00am

Synlait Milk increases working capital facility

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

Sponsored

Spark’s partner strategy sets the bar for innovation

Spark

More Markets

Markets Market Close

NZ stocks take Wall Street lead to end down 1%

The S&P/NZX 50 Index closed down 133.41 points or 0.98% at 13,464.46.

Jamie Gray 6:15pm

Markets

Zoono says it knows no reason for share price surge, halt lifted

A trading halt granted by the ASX to Australian-listed New Zealand antimicrobials manufacturer Zoono on Wednesday after a price query has been lifted after the company said it knew of no reason for its share price soaring.Its share price rose from 0.09c to 0.18c on volumes much h...

Denise McNabb 4:39pm