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Shock bid for London Stock Exchange

Hong Kong Exchanges & Clearing Ltd made a business call at the London Stock exchange today and shocked their hosts by dropping on them a $36.6 billion bid for London Stock Exchange Group Plc,.

Corporate raider dies

T. Boone Pickens, the Texas oil wildcatter who became a billionaire energy investor and television pitchman for wind and natural-gas power, has died reports Bloomberg He was 91. ...

Dividend by Senior Trust

Senior Trust Retirement Village Listed Fund is planning to pay the distribution for the quarter ending 30 September 2019, at a rate of 6.5% per annum (before tax), ahead of the long term targeted distribution rate of 6% per annum (before tax).

Z Energy trims guidance

Z Energy’s operational performance for the first five months of FY20 has been negatively impacted by unprecedented levels of discounting and price competition in its retail business. ...

Synlait tops billion revenue

Milk products exporter Synlait has topped $1 billion of revenue for the first time and has increased profit 10% to $82.2 million for its 2019 year ending July 31. ...

Market Report 11.9.19

The recent climb to above 11,000 on the NZX50 index was rapid by any terms – the fall off the peak has been even faster. After two weak sessions the market slid 1.95% today.  Translated into points loss it was 217.70, dropping the index under 11,000 and to 10,924.85. No blame could be attached to tweet-mad Wall Str – the Dow Jones closed last night up a neat 73.92 at 26,909.43. What then could cause a peeling away from the ascent?  Flagship exporter Fonterra is sorting out some structural issues. But several major stocks went backwards today. Z Energy fell 29c to $6.30 and investors also cropped gains from energy stocks – Contact down 32c ore 3.65% to $8.45, Genesis of 8c at $3.53, Mercury down 21c or 3.4% to $5. AS the Rugby World Cup nears uncertainty around digital delivery dogged Spark NZ, its shares falling 22.5c to $4.42, -4.84%. Auckland Airport fell 21c to $9.24 and Air NZ shed a further 6c at $2.70. F&P Healthcare slid 45c trio $16.90, Mainfreight 23c to $39.85, Port of Tauranga 15c at $6.38, Restaurant Brands 23c to $10,35, Vista 15c to $4.01, Ryman 13c at $13.17.   Gaining ground was Synlait, up 19c to $9.64 ahead of tomorrow’s annual results. Cannasouth churned 14c up to 68c, a swing of 26% after coming off a high yesterday. ...

Equity market slides under 11,000

The recent climb to above 11,000 on the NZX50 index was rapid by any terms – the fall off the peak has been even faster. ...

Moa buys Parnell restaurant

Moa Group has unconditionally agreed to acquire the business of ithe Parnell, Auckland restaurant and bar, Non Solo Pizza through its subsidiary Savor Group Limited. ...

Transition on Precinct board

Precinct Properties New Zealand appointed Anne Urlwin as an Independent Director, effective 16,9.19. ...

AMP SPP raises A$784m in two moves

AMP Ltd today confirmed the successful completion of its Share Purchase Plan (“SPP”), following the closing of the offer at 5.00pm (Sydney time) on Thursday 5 September 2019. ...
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