The bitter irony of the leaking Aussies

The bitter irony of the leaking Aussies
Breaking continuous disclosure rules – an accepted tactic in Aussie capital markets?
Pattrick Smellie
The most professionally satisfying journalism is original rather than spun from a widely distributed press statement or drummed up as a dreaded ‘matcher’ for someone else’s more brilliant work.It’s even better when the story counts as a scoop – a yarn that only you have because only you thought to go down a particular line of inquiry or because your great contacts volunteered a nugget without even being asked.Back in my youth as a cub reporter for the business pages of The Dominion – the early 80s – one...

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NZ sharemarket falls 1%
Markets Market close

NZ sharemarket falls 1%

The S&P/NZX 50 Index closed at 11,804.84, down 111.94 points or 0.94%.

Graham Skellern 16 Apr 2024
Fletcher subsidiary Easysteel looks to cut jobs
Markets

Fletcher subsidiary Easysteel looks to cut jobs

Workers left 'stunned' by company's restructuring proposal, First Union says.

Gregor Thompson 16 Apr 2024
Scott Tech revenue up but profit down
Markets

Scott Tech revenue up but profit down

Scott Technology’s profit fell 42% on one-off costs in the half year to Feb 29 2024, but revenue is up 11% to $141 million on the back of a company refocus.Scott specialises in automated and robotic manufacturing processes. It attributed its revenue growth to its Scott 2027 strat...

Staff reporters 16 Apr 2024
NZX in for a tongue-lashing at AGM
Markets

NZX in for a tongue-lashing at AGM

A proposed 38% increase in the pool for directors' fees is not universally applauded.

Pattrick Smellie 16 Apr 2024