NZ shares pare back losses after rocky open
New Zealand’s benchmark index saw its biggest fall since June 12, dropping 2.5 percent before recovering to 1.3 percent by about 1:30pm.This morning, every stock in the S&P/NZX 50 fell as Auckland went into a three-day lockdown at midday after four unexplained cases of covid-19 w...
Sky Network sells live sports filming subsidiary
Sky Network Television has sold its subsidiary Outside Broadcasting Limited, which is responsible for filming live sports, to global production conglomerate NEP. The transaction enables Sky to dodge spending roughly $50 million to buy broadcast equipment in the next five years...
MARKET CLOSE: NZ shares fall as investors look for bargains
New Zealand shares fell as investors rotated out of the best-performing stocks such as Fisher & Paykel Healthcare, and into some of the cheaper, beat-up firms including Air New Zealand, on the prospect of their recovery. The S&P/NZX 50 Index declined 38.12 points, or 0.3 perce...
MARKET CLOSE: NZ shares rise in step with ASX
Shares in New Zealand’s benchmark index were buoyed by strength in the Australian market and an as-expected earnings report from Contact Energy. The S&P/NZX 50 closed up 0.3 percent, or 36.76 points, at 11,683.44. Within the index, 31 stocks were up, 14 were down and five were...
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