ANZ takes $22m stake in Pacific Edge

ANZ takes $22m stake in Pacific Edge

ANZ New Zealand Investments has bought $22 million of new shares in cancer diagnostics company Pacific Edge at a premium. Pacific Edge will issue 33.8 million shares to ANZ at 65 cents per share, a 14 percent premium to the volume weighted average share price over the previous...

Dan Brunskill 24 Jul 2020
MARKET CLOSE: NZ shares fall; Oceania reports weak earnings
Markets

MARKET CLOSE: NZ shares fall; Oceania reports weak earnings

New Zealand shares fell, led lower by Oceania Healthcare after it reported annual earnings significantly weaker due to covid-19. The S&P/NZX 50 Index declined 29.56 points, or 0.3 percent, to 11,693.41. Within the index, 24 stocks rose, 19 fell, and seven were unchanged. Turno...

Dan Brunskill 23 Jul 2020
Recovery for Sky TV not insurmountable - Jarden
Markets

Recovery for Sky TV not insurmountable - Jarden

Establishing a sustainable operating model should not an insurmountable task for struggling pay-TV provider Sky Network Television, according to Jarden research. With live sport returning more quickly than expected, Sky could outperform its initial recovery expectations, resea...

Dan Brunskill 23 Jul 2020
MARKET CLOSE: NZ shares dip as A2, F&P Healthcare weigh
Markets

MARKET CLOSE: NZ shares dip as A2, F&P Healthcare weigh

New Zealand shares edged lower as the two biggest companies - Fisher & Paykel Healthcare and A2 Milk - weighed on the broader index, following Australia lower amid concerns over the latest wave of new covid-19 cases across the Tasman.  The S&P/NZX 50 Index declined 13.8 points...

Dan Brunskill 22 Jul 2020