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Resentful sharebroker denied remedy in dispute with fellow directors
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Resentful share broker denied remedy in dispute with fellow directors
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Online retail investors weather the market storm
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Auckland Airport was up 5.4 per cent at $7.61, with $39 million worth of shares traded. The A$22 billion (NZ$23.6 billion) offer for Australia’s biggest airport showed the potential in the sector, Williamson said.
RICKY WILSON/Stuff
A surge in Auckland Airport shares after a takeover offer for Sydney Airport helped boost the sharemarket. “Investors are saying Auckland Airport is undervalued.” The unsolicited offer for Sydney Airport from a group of infrastructure investors was at a significant 42 per cent premium to the shares’ close on Friday. Sydney Airport shares were up 32 per cent on Monday afternoon, at A$7.68. However, the aviation and tourism sectors remain under pressure, with further disruption to the trans-Tasman travel bubble. On Monday afternoon, the Government extended a pause on quarantine-free travel with the Australian states of New South Wales and Queensland due to the number of cases of Covid-19.