BusinessDesk Explains: The good, the bad and the ugly of share buybacks

BusinessDesk Explains: The good, the bad and the ugly of share buybacks
Air NZ could buy back up to 160 million shares. (Image: NZME)
Rebecca Stevenson
Listed telco Spark splashed the cash to buy back its own shares and returned money to shareholders before its shares plummeted in price and its debt levels started worrying market watchers. Fletcher Building had a previous share buyback dredged up as a reference point of shareholder value lost and poor governance as it raised hundreds of millions to shore up its books. New Zealand Exchange-listed (NZX) aged care and health provider Radius Healthcare announced it would undertake a share buyback, citing its board’s confidence in t...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025