Share and share alike

Share and share alike
The financial revolution will be digitised. (Image: Getty)
Paul McBeth
The entry of cut-price online investment platform Sharesies into New Zealand’s financial services market certainly shook things up. Coming out of the 2017 Kiwibank-sponsored Fintech accelerator, the plan to democratise investing had a snappy slogan and coincided with a global push for the likes of Robinhood to undercut traditional broking services and replace the very expensive networks of brokers and advisers. The unusual boom in activity through the 2020 pandemic lockdowns, when people were stuck for things to do, didn’t...

More Markets

Spark share collapse leads NZ sharemarket down
Markets Market Close

Spark share collapse leads NZ sharemarket down

The S&P/NZX 50 Index closed down 0.99% or 127.78 points.

Tom Raynel 21 Feb 2025
Spark valuation plummets $1 billion as profit crashes
Markets

Spark valuation plummets $1 billion as profit crashes

Spark has reported a 78% fall in net profit to $35 million in the first half of its 2025 financial year and reduced its full-year operating earnings guidance. However, it has maintained its revised full-year dividend guidance.Shares – already down 42% over the past year after two...

Staff reporters 21 Feb 2025
Genesis weathers a tough winter
Markets

Genesis weathers a tough winter

Genesis took a $59m gas hit, but still made $70m profit.

Ian Llewellyn 21 Feb 2025
Sky TV takes a financial hit
Markets

Sky TV takes a financial hit

Sky Network Television reported a net loss after tax of $1.7 million in what it has been described as a “challenging” and “difficult” six months, with the broadcaster's attention focused on moving its customers to a new satellite because of the ailing Optus D2 satellite.The p...

Staff reporters 21 Feb 2025