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

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025
Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Staff reporters 02 Jul 2025