MARKET CLOSE: NZ shares mixed; Restaurant Brands soars on takeover talk

Thu, 18 Oct 2018

By Paul McBeth Oct. 18 (BusinessDesk) - New Zealand shares were mixed as a dip by blue-chips Spark New Zealand, A2 Milk and Contact Energy took the sheen off Restaurant Brands New Zealand's double-digit spike on a takeover bid. The S&P/NZX 50 index decreased 1.2 points, or 0.01 percent, to 8,910.59. Within the index, 21 stocks gained, 18 fell and 11 were unchanged. Turnover was $108.8 million, of which Restaurant Brands accounted for $17.4 million. The fast-food operator was the biggest mover on the day, climbing 14 percent to a reco...

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