In today's edition:
• Extreme heat puts burn on shares.
• The biggest IPO yet?
• F&P on a roll.
• Property trucks on.
Ever wondered what really drives markets?
According to an international study, it's the weather.
It turns out that extremely hot weather leads to declines in market value of shares on the stock market, according to research from Victoria University of Wellington, the University of Otago and the University of California, Davis.
The study quantifies the impact of extreme heat events on corporate market values in public companies in the United States but it has lessons for New Zealand, according to associate professor Martien Lubberink from Victoria University of Wellington's School of Accounting and Commercial Law.
Lubberink teamed up with Professor