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Wellington-Based Investment Team Stays Together In New Venture

Wellington-Based Investment Team Stays Together In New Venture
Wellington, Jan 13 NZPA - The Wellington-based AllianceBernstein funds management team led by Andrew Bascand is staying together in a new vehicle facilitated by stock broker First NZ Capital.

Allied Farmers Shares Plunge As Hanover Investors Start Sell

Allied Farmers Shares Plunge As Hanover Investors Start Sell
Wellington, Dec 21 NZPA - Allied Farmers shares fell 32 percent to 10c today as investors in Hanover Group started trading the shares they received in the deal that only just got investor approval last week.

IG Markets Expands Into New Zealand With CFD Trading Platform

IG Markets Expands Into New Zealand With CFD Trading Platform
Wellington, Oct 12 NZPA - On-line trading platform provider IG Markets is hoping to have 1000 active clients in New Zealand within a year. The listed British company has been in Australia since 2002 and is now expanding into New Zealand where rival CMC Markets is already operating.

ABN AMRO Withdraws From New Zealand

ABN AMRO Withdraws From New Zealand
Wellington, Feb 27 NZPA - Global financial services firm ABN Amro is withdrawing from New Zealand with the loss of jobs. The move is an embarrassment for the Government and NZX chief executive Mark Weldon on the day of the jobs summit.

ABN Amro Deal Falls Over

Wellington, Aug 13 NZPA - Commonwealth Bank of Australia has pulled out of a deal that could have led to it owning half of ABN Amro Craigs, the largest stock broker in New Zealand by number of advisers.