Tourism Holdings jumps 57.5% on buyout offer, lifts NZX 50

Tourism Holdings jumps 57.5% on buyout offer, lifts NZX 50
THL helped the NZX 50 rise 1.09%. (Image: Supplied)
Gregor Thompson
A bid to take over Tourism Holdings has given the benchmark a boost in what otherwise would have been a quiet day on the New Zealand share market. The S&P/NZX 50 was up 1.07% to 12,690.130 points with gainers outnumbering decliners 53 to 41. Trading volumes were dominated by Tourism Holdings (THL), which disclosed it had received an unsolicited, conditional, non-binding indicative offer (NBIO) before the market opened.  Of the $147.1 million in value traded across the main board, over $50m was in THL shares. Another buyo...

More Markets

Rising volumes push Port of Tauranga profit outlook higher
Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

SkyCity faces Adelaide reckoning by year-end
Markets

SkyCity faces Adelaide reckoning by year-end

Casino operator releases details about regulatory situation in Adelaide.

Beyond Meat rally tempts Kiwi traders
Markets

Beyond Meat rally tempts Kiwi traders

Meme stock mania puts Beyond among top traded stocks on Sharesies and Hatch.

Freightways outlook and Fonterra vote drive upbeat day
Markets Market Close

Freightways outlook and Fonterra vote drive upbeat day

Freightways shares climbed after Mark Troughear flagged easing economic headwinds.

Tom Raynel 30 Oct 2025