Wilson Asset Management sells down NZX holding
Wilson Asset Management has sold down all its shares in NZX, just seven months after first becoming a substantial holder.On Wednesday, the exchange operator published a substantial product holder (SPH) notice showing the Australian investment manager reduced its holding to 3% fro...
Auckland financial adviser faces charges for alleged 'tombstoning' scheme
An Auckland financial adviser who allegedly received $260,937 in commission from applying for health and life insurance for non-existent people has been charged with forgery and had his licence cancelled.Le Zhou, also known as Eric, was arrested in July and is facing three repres...
Meridian Energy slumps to $452 million net loss
Meridian Energy slumped to a $452 million net loss in the June year, driven by a steep decline in its energy margins arising from two severe droughts.The company said its cash flow fell to $318m in the year, down from $667m in the previous year.The generator-retailer’s net loss c...
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