Latest from Markets

Stock Takes: The big deal, Meridian, Z and Moa
The Government's announcement of an early November listing for Meridian Energy confirmed market expectations although the timing was a little bit interesting.

Venture capital tech fund launches with $50m offer
Punakaiki Fund, set up by Lance Wiggs, is seeking to raise up to $50m to invest in early stage NZ technology, internet and design companies.

Editorial: Meridian float made much more enticing
Editorial: The Govt has recognised that it needs to make Meridian a much more enticing proposition if it is to attract a far better take-up from mum and dad investors.

Mobil fights clean up bill
A petrol company says it should not have to pay clean-up costs for decades of petrochemical pollution on prime waterfront land.

SkyCity eyes Manila casino
SkyCity Entertainment Group is eyeing a Manila casino opportunity but has stepped away from Gold Coast plans.

Brokers, institutions keen on Z Energy shares
Shares in Z Energy have been priced at $3.50 each - the middle of an indicative range - after a book-building process.

Chris Castle: Seabed mining claims red herrings
Let's get one thing straight. Chatham Rock Phosphate wouldn't be considering extracting phosphate nodules from a tiny fraction.

Mining boom could fall faster: RBA
Australia's mining investment boom could fall away faster than anticipated, but there's still uncertainty about how non-mining sectors will rebalance the economy.

Russia bans Kiwi dairy
Russia has made one of the most extreme responses to Fonterra's contamination scare so far, banning all goods made by the NZ dairy giant, according to media reports.

Brian Gaynor: Xero shows other companies how it's done
Xero, which held its annual meeting at Te Papa on Thursday, is head and shoulders above most New Zealand companies for meeting organisation and clarity of message.

Stock Takes: Ebos peaks
There has been much excitement about healthcare company Ebos since its spectacular $1.1 billion purchase of Australia's Symbion and its successful capital raising.

Xero revenue loses pace
Slowing revenue growth means Xero's soaring share price can no longer be justified, a fund manager says.

Stock Takes: Airport no sale
Shares in Auckland International Airport (AIA) have put on a strong burst over the past month and the market talk was that the company could be on the verge of selling its stake in North Queensland Airports.

Synlait shares snapped up
Synlait Milk shares debuted at $2.62 and went on to trade in a $2.61 to $2.90 range before closing at $2.74.

Gerard Morris: Cruel farce tears hearts of Pike families
The decision by the police not to lay criminal charges against Pike management again shreds the hearts of the victims' families, writes Gerard Morris.