NZ shares steady despite Air NZ's descent

NZ shares steady despite Air NZ's descent
Dan Brunskill
New Zealand's sharemarket was flat on Thursday, even though Air NZ fell to a two-year low after announcing its deeply discounted capital raise. The S&P/NZX 50 Index rose 11 points, or 0.1%, to 12,110.26. Turnover was high at $277.2 million.A huge chunk of this volume was traded through Air NZ with investors swapping almost 11m shares at a value of just under $14m.Shares in the airline fell 6.2% to $1.29, which is a significant drop but small relative to the 35% discount – at 53 cents ­– offered in the $1.2 billion c...

More Markets

Pacific Edge 'star of the day' on NZX
Markets Market Close

Pacific Edge 'star of the day' on NZX

The S&P/NZX 50 Index closed up 0.17% or 22.50 points.

Tom Raynel 10 Sep 2025
US CMS recommends 30% increase for Pacific Edge's Cxbladder Triage Plus price
Markets

US CMS recommends 30% increase for Pacific Edge's Cxbladder Triage Plus price

Cancer diagnostics company Pacific Edge has announced that the United States' Centers for Medicare & Medicaid Services (CMS) recommended a final “gapfill” price for its Cxbladder Triage Plus.CMS is proposing a price of US$1,328.32 (NZ$2,241.71), which is about 30% higher than...

Staff reporters 10 Sep 2025
Briscoe's bottom line squeezed despite flat first-half sales
Retail

Briscoe's bottom line squeezed despite flat first-half sales

Rod Duke expects full-year profits to come in lower than previously signalled.

Gregor Thompson 10 Sep 2025
ANZ's NZ operation may escape worst of 'Nuno-geddon'
Finance

ANZ's NZ operation may escape worst of 'Nuno-geddon'

ANZ NZ’s performance might be its potential saving grace.

Andy Macdonald 10 Sep 2025