NZX says funds management a priority to deliver earnings

Wed, 03 Oct 2018

By Paul McBeth Oct. 4 (BusinessDesk) - NZX has pushed back against shareholder complaints that it's adopted a faulty strategy, saying its funds management unit is a key plank for earnings growth. Minority shareholder Elevation Capital this week launched a campaign to lobby for change at the stock market operator. It says escalating costs and a poorly defined strategy have led NZX's share price to underperform its peers and left dividends unchanged for the past four years. NZX chair James Miller said the board is focused on lifting re...

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