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:

EROAD Appoints New Director Progressing Board Renewal
OCA delivered record full year result
BLT - Strong revenue and underlying earnings growth
MFB - Food Bag reports full year profitability up 5.3%
TWR - Tower reports strong HY earnings
IPL - FY26 Annual Results
May 21st Morning Report
May 20th Morning Report
May 19th Morning Report
PYS - PaySauce to announce F26 full year results on 27 May 2026