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Xero share trade had 'tell-tale signs' of market manipulation but didn't breach the law, expert says
By Fiona Rotherham Oct. 11 (BusinessDesk) - Australian-based expert Michael Aitken told the High Court that Mark Warminger’s trading in Xero shares in May 2014 showed several of the tell-tale signs of market manipulation. “There’s more of the tell-tale signs on this than th...
MARKET CLOSE: NZ stocks snap downwards streak, gains led by Sky TV, Tegel
By Sophie Boot Oct. 11 (BusinessDesk) - New Zealand shares rose for the first time in a week, led by Sky Network Television, Tegel Group Holdings, and Mainfreight. The S&P/NZX 50 Index rose 7.32 points, or 0.1 percent, to 7,124.24. Within the index, 26 stocks rose, 19 fell...
CORRECT: Professional service firms gain $475k of $18 million Hanover Finance settlement
(Fixes ASIC budget in final paragraph) By Fiona Rotherham Oct. 11 (BusinessDesk) - Professional service fees of $475,000, the bulk of which went to Deloitte, has been paid out to help distribute the $18 million settlement reached last year between the Financial Markets Auth...
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