Subscribe today - find out more
Why you should consider BusinessDesk
Opinion

155 year-old NZX on life support

Brian Gaynor
Sat, 14 Aug 2021

The depth of Australian capital markets is a major challenge for the NZX. (Image: Getty)
Brian Gaynor
Sat, 14 Aug 2021
This week’s announcement that NZX-listed ikeGPS Group has raised A$21.3 million (NZ$22.3m) of new equity through an Australian broker is another nail in the coffin for our struggling sharemarket operator.It demonstrates that the NZX business model is broken, the stock exchange’s ecosystem of domestic brokers is rapidly dissolving and the company has little choice but to focus on funds management, as have most NZ broking firms.On a positive note, we are in an age of innovation and disruption and there is a great opportunity for a new...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Coronavirus
400 trainee pilots allowed into NZ
Brent Melville | Sat, 23 Oct 2021

Pilot trainees will make up 40% of the latest cohort of international students allowed in from mid-2022, with an assumption that tight border rules will still be in place.

Technology FREE
Review: NuraTrue, the earbuds that listen to you
Henry Burrell | Sat, 23 Oct 2021

Personalised audio at a relatively affordable price point. It's a winning combination.

On the Money
On the Money: IRD's rich list, Damian O'Connor's FTA in MIQ, and more
Rebecca Stevenson | Sat, 23 Oct 2021

OTM this week: what does Inland Revenue consider rich, why was Damian O'Connor absent from the FTA celebrations, which new car is triggering FOMO amongst the Remuera Tractor set, and more.

Sponsored
Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.