Forget Australia and choose US

Infratil and Morrison & Co director Lloyd Morrison is urging the New Zealand Stock Exchange and its members to abandon merger talks with Australia and look to the US as a partner.

Mr Morrison is circulating a paper attacking the logic put forward for a merger with the Australian Stock Exchange.

Among his concerns are that the merger will impose higher compliance costs on listed companies, will lead to a loss of corporate head offices and highly-qualified financial services professionals to Sydney and Melbourne, and won't deliver the investor attention some have suggested.

He says the US is the critical country in the globalisation process.

The exchange should be aligning itself with US market practice.

The full text is available at <www.nbr.co.nz>.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 10 September 2025
ArborGen FY26 Guidance and Market Opportunities
BGP - Half Year Results to 27 July 2025
SkyCity Completes Retail Entitlement Offer
AIA - Annual Meeting and Nomination of Directors
NZK confirms acquisition of a commercial site in Blenheim
September 9th Morning Report
Heartland announces DRP strike price and AUD FX rate
Devon Funds Monthly Investor Report - August 2025
THL - Strategic initiative update - Australian Retail Sales