Tourism Holdings, Spark downgrades sink sharemarket - Market close
Tourism Holdings plunged 36 per cent and Spark fell nearly 5 per cent on significant earnings downgrades that rattled the New Zealand sharemarket. The...
Source: nzherald.co.nz
Stay updated with breaking news from Simon Mander. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Tourism Holdings plunged 36 per cent and Spark fell nearly 5 per cent on significant earnings downgrades that rattled the New Zealand sharemarket. The...
The loss was largely down to a $9.1 million write-down of intangible assets in New Zealand due to the negative outlook for the sector.
Sale of Australian business in sight.
The country's biggest glass manufacturer Metro Performance Glass has been grilled by shareholders over the potential sale of its Australian business and its overall performance.
The company has rejected the takeover offer.