Market close: Covid-battered stocks make strong headway
16 Mar, 2021 04:40 AM
4 minutes to read
SkyCity Entertainment rose 16c or 4.78 per cent to $3.51. Photo / 123RF
NZ Herald
By: Graham Skellern
The re-opening stocks – those battered by the Covid pandemic – continued to make strong headway as the more confident New Zealand sharemarket posted its sixth successive day of rises. The S&P/NZX 50 Index gained 96.79 points or 0.77 per cent to 12,689.05, after reaching an intraday low of 12,584.85. There were 83 gainers and 61 decliners with 50.4 million shares worth $200.76 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said it was a day investors were willing to take risks and pay for re-opening stocks. Some of them are having strong runs.
NZ Rural Land buys its first dairy farm for $10 4m nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
NZ Rural Land Company is poised to make its first dairy farm purchase since listing in December.
New Zealand Rural Land Company has agreed to buy its first dairy farm in Southland since listing. The company raised $75 million in an initial public offering and listed on the sharemarket in December, which together with debt gave it about $100m to buy rural land. At the time, the company said it was eyeing 21 dairy farms in the South Island, covering 9239 hectares. On Monday it announced its first planned purchase, a 456 hectare dairy farm in Mokoreta, Southland for $10.4m. It has agreed to lease the farm to Southland dairy farmer Fortuna Group for 10 years for $515,667 a year, representing a 4.97 per cent lease yield after transaction costs.
iGaming news | New CEO for igaming operator Rabbit intergameonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from intergameonline.com Daily Mail and Mail on Sunday newspapers.
Tal Zamstein becomes Rabbit Entertainment CEO
15th December 2020
| By Richard Mulligan
Tal Zamstein has been named chief executive of operator and supplier Rabbit Entertainment.
The Malta-headquartered group said Zamstein (pictured) plans to invest in infrastructure and expand in key markets in his new role.
Zamstein took over at Löwen Play, which is part-owned by Gauselmann Group, in January 2020 following senior positions at a number of major operators in the igaming sector, including Fortuna Group’s head of gaming and Merkur Interactive operations director.
His new employer Rabbit operates the brands Lapalingo and Lord Lucky, as well as offering white label and content to clients.