Sky TV’s tightened purse delivers for investors

Sky TV’s tightened purse delivers for investors
CEO Sophie Moloney, left, and chair Philip Bowman are confident in the future of Sky as streaming gains momentum. (Image: Sky TV)
Ben Moore
Sky Network Television's shares have jumped 6.18% as it's joined the ranks of companies set to pay back shareholders, with the board approving both a dividend and a share buyback amid strong results in the June 2022 financial year.Sky TV (SKT) shares are currently sitting at $2.75, up 16c since the market opened.After a rocky few years, a focus on streaming has seen the company grow its overall customer base to 991,000, up 4% over the previous period, entirely driven by Neon and Sky Sport Now.A refocused strategy of reducing costs, alon...

More Markets

Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Listed property firms welcome ‘Investment Boost'
Property

Listed property firms welcome ‘Investment Boost'

The tax policy could translate into millions in extra cash.

Drury’s ASX stag, MetroGlass’s new owner, and more
Markets Small Cap Wrap

Drury’s ASX stag, MetroGlass’s new owner, and more

Rod Drury goes ‘pre-revenue’ again, plus small cap news from NZ.

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Tom Raynel 03 Jul 2025