MARKET CLOSE: NZ shares fall as Spark seen threatened by Sky TV-Vodafone tie-up

Wed, 08 Jun 2016

By Jonathan Underhill June 8 (BusinessDesk) - New Zealand shares fell, led by Spark New Zealand on concern it will face a stronger rival if talks between Sky Network Television and Vodafone Group result in a formal alliance. SkyCity Casino Group rose after completing its $263 million capital raising. The S&P/NZX 50 Index fell 45.80 points, or 0.7 percent, to 6991.51. Within the index, 23 stocks fell, 18 rose and nine were unchanged. Turnover was $172 million. Spark dropped 4.3 percent to $3.485 after Sky TV, the nation's largest pay-TV...

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