Serko soars on booking.com backing; WDT seeks capital

Serko soars on booking.com backing; WDT seeks capital
Paul McBeth
Serko shares jumped 29 percent when trading resumed after institutional investors clamoured to buy into the travel management software developer after it emerged booking.com's owner was backing the firm. The shares rose 98 cents to $4.40 with 4.5 million shares traded at 3pm, well up on its 37,000 daily average over the past three months. Serko sold $40 million of new shares at $4.04 apiece, and shareholders including chief executive Darrin Grafton and chair Simon Botherway sold a further $16 million into the placement, which was over...

More Markets

New Talisman issues ultimatum to shareholders in fund raise
Markets

New Talisman issues ultimatum to shareholders in fund raise

Company says it has 'few options' if it can't raise at least $2m.

Average fibre data demand beats covid peak
Markets

Average fibre data demand beats covid peak

The average New Zealander used 623 GB of data in June 2024.

Grant Devonport for Auckland Airport
Markets

Grant Devonport for Auckland Airport

Retiring chief financial officer from across the ditch puts his hand up for airport board.

Energy and mining lead Australian stocks lower
Markets Aus market wrap

Energy and mining lead Australian stocks lower

The ASX200 fell 0.76% during trading.

AAP 7:45am