MARKET CLOSE: NZ shares fall as Vista sinks on slowing sales growth

MARKET CLOSE: NZ shares fall as Vista sinks on slowing sales growth
Paul McBeth
By Paul McBeth Aug. 29 (BusinessDesk) - New Zealand shares fell, led lower by Vista Group International, which was punished for dialling back its expectations for revenue growth.  The S&P/NZX 50 Index declined 46.10 points, or 0.4 percent, to 10,580.07. Within the index, 24 stocks fell, 23 rose, and three were unchanged. Turnover was $139.2 million, of which Vista accounted for $20.8 million.  Vista slump to a seven-month low after scaling back its projections for revenue growth to 10-12 percent and reporting a 23 percent slide in firs...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024