Serko raising $55 million as it faces revenue uncertainty
The company says the timing of 'meaningful' revenue generation is uncertain.
The company says the timing of 'meaningful' revenue generation is uncertain.
After being down for most of the day, the index went into positive territory late.
A2 Milk dragged the New Zealand sharemarket down for the second day running.
Market rebounds after a2 drags index down in morning.
Synlait is expected to report a flat earnings for the July 2020 year on Monday.
The airline has already started drawing down a Government loan.
The New Zealand sharemarket had a late surge after a sleepy day.
Corporates are lining up for cheap funding through the bond market.
Fisher and Paykel recovered the previous day's losses and more.
The New Zealand sharemarket fell for the fifth time in the last seven trading days.
News that house prices are rising again highlights the big economic challenge we face.
The S&P/NZX 50 finished at 11,633.52, a fall of 143.61 points or 1.22 per cent.
Despite drifting down, the NZX was largely unfazed by today's GDP announcement.
Stronger NZ dairy prices offer silver lining for battered NZ economy.
Good news? NZ achieved a record current account surplus in the June quarter as Covid hit.
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On a quiet day of trading, only a handful of stocks made significant gains.
The S&P/NZX 50 Index finished at 11,748.30, down 63.75 points or 0.54 per cent.
Sky Network Television was savaged after reporting a full-year net loss of $156.97m.
But the fall wasn't as bad it could have been.
Will waiting for the wind-up be worth it?
Telecommunications network operator Chorus had its day in the sun.
The sharemarket rose on a quiet and steady day of trading.
Laybuy is one of several NZ tech companies headed for the ASX.
Serko shares have rallied sharply in anticipation of joining the S&P/NZX50.
New Zealand's total gross debt is now $603.5b - about $120,000 per head of population.