MARKET CLOSE: NZ shares recover; demand for yield boosts Meridian, Spark

MARKET CLOSE: NZ shares recover; demand for yield boosts Meridian, Spark
Paul McBeth
By Paul McBeth Aug. 27 (BusinessDesk) - New Zealand shares recovered some of yesterday's decline as the demand for reliable income boosted yield stocks such as Meridian Energy and Spark New Zealand. Tourism Holdings gained after confirming annual profit beat guidance.  The S&P/NZX 50 Index increased 29.69 points, or 0.3 percent, to 10,513.16. Within the index, 22 stocks rose, 20 fell, and eight were unchanged. Turnover was $185.4 million.  Stocks across Asia Pacific were generally stronger as fears over the US-China trade war subsided....

More Retail

The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024
Serato and AlphaTheta have abandoned deal
Retail

Serato and AlphaTheta have abandoned deal

The CMA said it has received written assurances from the parties. 

Rebecca Howard 24 Jul 2024
Warehouse share trading complaint filed
Retail

Warehouse share trading complaint filed

The Warehouse had confirmed a buyout proposal had been lodged.

Gregor Thompson 24 Jul 2024
Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.