KMD held above its deeply discounted offer price in its trading return.
The giant telco is in the NZX’s top dozen companies by market cap, so such a shift would be ‘not very popular’ for local investors, says one observer.
Fonterra chief Miles Hurrell will leave the cooperative later this year.
Trading in recently NZX-listed mining company’s shares were halted last week after it inappropriately published models that should not be relied on.
NBR reported earlier this month speculation was emerging he could soon announce exit plans.
The local benchmark was weighed down by trade-exposed firms on Friday.
There was some chunky trading among the property investment firms.
Briscoe’s shrinking margins didn’t spook investors.
The group’s last record profit was made during the 2022 fiscal year.
Air NZ pulled its earnings guidance amid spiking jet fuel prices.
