MARKET CLOSE: NZ shares rise, boosted by Sky TV-Spark deal

MARKET CLOSE: NZ shares rise, boosted by Sky TV-Spark deal
Rebecca Howard
By Rebecca Howard July 30 (BusinessDesk) - New Zealand shares rose, boosted by gains in Sky Network Television and Spark New Zealand after they cut a deal that will let the pay-TV operator's commercial customers access the rugby world cup using a Sky decoder. The S&P/NZX 50 Index increased 27.59 points, or 0.3 percent, to 10,878.95. Within the index, 24 stocks rose, 19 fell and seven were unchanged. Turnover was $106.6 million with six companies trading on volumes of more than a million shares. Sky TV was the biggest gainer, adding 4.1...

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Volatile stocks drive NZ sharemarket down nearly 0.5%
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Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
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Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

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Sky CFO Ciara McGuigan resigns in surprise departure
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Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

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Ex-contractors reveal Harvey Norman business model pressures
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The promise of big money can require extreme flexibility from ‘proprietors’.

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