NZ sharemarket lifts despite a2 Milk downgrade and takeover bid for KFC owner Restaurant Brands

A2 Milk was downgraded to "underweight" by Jarden. (Image: Getty)

Wed, 15 Oct 2025

The New Zealand sharemarket rose on Wednesday, despite an analyst downgrade of a2 Milk and confirmation of a takeover offer for Restaurant Brands from its largest shareholder.The S&P/NZX 50 Index closed up 0.23% or 30.41 points to 13,307.40 after 40.8 million shares worth $137.7m were traded.The S&P/NZX 20 index was up, closing at 7,615.49 points, up 0.13%, while the S&P/NZX 10 index ended the day at 12,666.06, rising 0.06%.There were 87 gainers and 49 decliners on the main board.'Stretched'Hamilton Hindin Greene invest...

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