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The Warehouse, Ryman take a tumble as the S&P/NZX50 inches lower


Shares in The Warehouse closed down 4.3 per cent at $3.49, compared with the $3.26 each the Foodstuffs stake sold for, said Hamilton Hindin Greene director Grant Williamson​.
“It’s lost a bit of ground, that’s to be expected, it’s still trading above the bookbuild placement price.
RICKY WILSON/Stuff
“The people that participated in that will be looking alright at this stage.”
Shares in retirement village operator Ryman Healthcare were down 5.26 per cent at $13.15, their lowest point in eight months.
On Friday the company reported a 60 per cent jump in annual profit to $423.1 million, with record sales in the second half of the year. ....

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Government should face reality and do the heavy lifting to regulate cryptos


3 days ago
For a government that has embraced fintechs and blockchain wholeheartedly in the past few years, its stance on crypto-currencies is perplexing. Is it a lack of understanding, or a lack of institutional capacity, that is preventing the government from stepping up and regulating crypto-currencies?
In January, the government announced that it plans to enter the global race of digital currencies or CBDCs while at the same time banning “private” crypto-currencies like Bitcoin and Ethereum among others. However, in the last few months it has indicated that it will give some room to crypto-entrepreneurs and blockchain founders to continue building, developing and running new and innovative systems. As far as crypto-investors are concerned, the government has said there will be some protections under the proposed law. ....

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