NZME shares slide on weak outlook
Chief executive cites drop in business confidence behind advertising slowdown.
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Shares in media group NZME slumped 16% as the market digested the implications of its half-year result, featuring falling profits and a weak outlook.
In the first two hours of trading NZME shares were down 13c to 70c on low volume, representing a $25 million fall in the company’s market
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Tim Hunter
Thu, 23 Aug 2018
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