MARKET CLOSE: NZ shares fall as blue chips take a breather; Metlife buoys retirement sector
New Zealand shares fell in light holiday trading as blue-chip stocks including Auckland International Airport, Spark New Zealand and A2 Milk ended the day weaker. Retirement village stocks continued to gain with Metlifecare’s takeover one step closer. The S&P/NZX 50 Index decr...
Facebook to pitch good work to Kiwis… from Sydney
Facebook is looking for someone to demonstrate the value of the social media platform to Kiwi and Pacific policymakers, although they’ll be doing it from Sydney.The social media giant is continuing a charm offensive as it seeks to shore up a reputation dented in recent years by p...
Metlifecare buyer needs weekend to finalise $1.49b bid
Metlifecare’s mystery buyer has completed due diligence for its $1.49 billion takeover bid but needs the weekend to get final approval for the deal. The retirement village operator’s board completed negotiations for a scheme implementation agreement – which needs a lower level of...
MARKET CLOSE: NZ shares rise in subdued Christmas trading
New Zealand shares rose in shortened holiday trading, as retirement village operators continued to be buoyed by the prospect of Metlifecare’s takeover. The S&P/NZX 50 Index increased 95.55 points, or 0.8 percent, to 11,642.78. Within the index, 31 stocks rose, 11 fell, and eig...
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