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NZX three-hour trading halt not a 'system overload', CEO Bennett says
By Suze Metherell June 27 (BusinessDesk) - Today's three hour trading halt is not a sign the stock market operator's system is overloaded after the first half of this year has seen more new listings than all of 2013, NZX chief executive Tim Bennett says. All trading was hal...
TSB Bank credit outlook raised to 'stable' by S&P on reduced property market risk
By Tina Morrison June 27 (BusinessDesk) - TSB Bank, the Taranaki community-owned bank, had its credit outlook raised to "stable" from "negative" by ratings agency Standard & Poor's because of its reduced exposure to risks in the residential property market. "The revision of...
GeoOp slides to record-low as investors cautious on growth stocks
By Suze Metherell June 27 (BusinessDesk) - Shares in GeoOp, whose software allows mobile businesses such as builders to manage their workforce, dropped to its lowest price since listing last year, as investors shunned growth stocks in a shift to more cautious sentiment. The...
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