Friday, 5 February 2021, 6:19 am
The Commerce Commission has granted clearance for NEP
Broadcast Services New Zealand Limited to acquire from Sky
Network Television Limited the assets of its outside
broadcasting business, Outside Broadcasting
Limited.
Chair Anna Rawlings said the Commission is
satisfied that the acquisition is unlikely to substantially
lessen competition in any New Zealand market.
Central
to the Commission’s decision was its assessment of what
Sky would otherwise do if the proposed acquisition did not
proceed. In particular, the Commission considered and tested
whether there was a realistic prospect that OSB would
otherwise continue providing outside broadcasting services
in competition with NEP.
Market close: Sharemarket etches out small gain after jobs data
3 Feb, 2021 04:37 AM
4 minutes to read
Under-fire retirement village operators had positive days. Summerset Group rose 26c or 2.16 per cent to $12.32. Photo / File
NZ Herald
By: Graham Skellern
An unexpected drop in the unemployment rate – showing the economy is rebounding strongly – provided good and bad news for the New Zealand sharemarket which etched out a small gain. The S&P/NZX 50 Index seesawed in a 150-point range before finishing at 13,091.21, up 46.71 points or 0.36 per cent, after being ahead one per cent in the morning. The index hit a low of 13,023.09 and a high of 13,169.84 during the day on the back of the latest economic developments.
Sky TV has lifted its forecast for full-year profit and chief executive Sophie Moloney says she is encouraged to see improvements in its satellite customer loyalty and growth in streaming revenues.
Market review: The winners and losers in 2020
28 Dec, 2020 02:02 AM
5 minutes to read
The gap between the winners and losers was bigger than usual as Covid badly affected some stocks and benefited others. Photo / Getty Images
NZ Herald
By: Graham Skellern
In the year of Covid-19, the New Zealand sharemarket has staged a resilient and almost out-of-this-world performance, with a solid group of stocks reaching new highs. When the S&P/NZX 50 Index increased 17.73 points or 0.14 per cent to a record 13,037.94 last Thursday – its third successive day of rises – before closing for the Christmas break, the index had risen 13 per cent for the year.