Sky continues sports drive with extension to netball rights
Sky Network Television continued its drive to keep a grip on domestic sports, signing up Netball New Zealand's broadcasting rights for another three years. The pay-TV operator's existing rights have been extended to 2024, covering all Silver Ferns matches and the country's top ti...
Apple's asset-shuffling puts $270m value on PowerbyProxi
Multinational tech company Apple valued PowerbyProxi at almost $270 million as it shifted the Kiwi firm's assets to a related US entity, more than nine times what investors put into the wireless power developer. Apple bought PowerbyProxi in 2017 for an undisclosed sum, and whi...
MARKET CLOSE: NZ shares edge lower as global ructions weigh; Tourism Holdings sinks
New Zealand shares edged lower as global investors were unnerved by the uncertainty over the Brexit outcome and a slowing pace of growth in China. Tourism Holdings dropped to a two-month low. The S&P/NZX 50 Index decreased 4.37 points, or 0.04 percent, to 11,062.75. Within th...
MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
New Zealand shares fell, led by blue-chip stocks such as Meridian Energy and A2 Milk Co, as weaker than expected Chinese growth weighed on Asian markets. The S&P/NZX 50 Index dropped 74.74 points, or 0.7 percent, to 11,067.12. Within the index, 25 stocks fell, 19 rose, and six we...
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