NZ Market Report 23.4.24

There was a sharp dip in share prices on NZX today with several leading shares shunted lower. The NZX50 ended up 49.56 points lower at 11,803.28. The NZ market had no mirrored uplift from a solid rise of 253 points on the Wall Street barometer Dow Jones index...

Westpac provides market update

23.4.24 Westpac provided a head’s up for the market this morning that reported net profit after tax in 1H24 will be reduced by A$164 million due to Notable Items. All Notable Items relate to unrealised fair value gains and losses on economic hedges and net...

Sky Network TV deal with BBC

NZX-listed Sky Network TV and BBC Studios are expanding their partnership with a multi-year wide-ranging deal that will give Sky audiences access to the best British drama content on BBC. BBC First will join the Sky channel line up from October 2024, bringing premium...

AoFrio upbeat in trading update

23.4.24 AoFrio  opened the business day by proving an update on trading performance for the three months ended 31 March 2024 (Q1-2024). Revenue for Q1-2024 was $16.6m, a 13% increase compared to $14.7m for Q1-2023. EBITDA improved by $0.6m to a surplus $0.2m (loss of...