Sharechat Logo

Share information merger

By Christine Nikiel

Friday 20th September 2002

Text too small?
An independent voice has entered the country's sharemarket information services market.

Sharemarket advisers McEwen & Co and Datex Services say their merger into Investment Research Group is timely given recent US corporate scandals.

McEwen & Co director David McEwen said the time was right for an independent adviser which gave investors an alternative to mainstream businesses with a vested interest.

Mr McEwen said the new company would not shy away from bagging bad investments. "We're here to keep everyone honest. We won't be scared to say what we think." The new company would not replace brokers but instead provide a second opinion on New Zealand and the top 200 Australian listed companies, Mr McEwen said.

Datex Services is a veteran in this country's data services market.

Set up in 1983, Datex was one of this country's first providers of information on listed companies. It took over from Investment Research which was set up in the 1960s.

Datex director Peter Saunders said the merger was a logical step for two companies with complementary services and create a cross pollination of ideas.

Datex has also been publishing the New Zealand Investment Year Book since 1973 and supplies information to overseas vendors such as Reuters. Mr McEwen will be Investment Research Group director while Mr Saunders will act as chairman. The new company will officially merge on October 1.

  General Finance Advertising    

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.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report