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New NZX market manipulation guidance raised in Warminger trial
By Fiona Rotherham Sept. 28 (BusinessDesk) - A joint NZX/Financial Markets Authority collaboration on providing more guidance to the securities industry on the scope of permissible trading conduct was raised today in the country’s first market manipulation trial. Milford As...
Milford sells down stake in Wynyard as shares slump
By Edwin Mitson Sept. 28 (BusinessDesk) - Milford Asset Management has reduced its holding in crime fighting software company, Wynyard Group, taking its ownership to 5.7 percent from 7.6 percent in December last year. Milford sold 2 million shares in Auckland-based Wynyard...
Seadragon's talks with new cornerstone investor collapse
By Edwin Mitson Sept. 28 (BusinessDesk) - Seadragon, the fish-oil refiner, has warned investors that preliminary talks with a potential new cornerstone investor have failed. The Nelson-based company is in the middle of a rights issue where current shareholders can take up...
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