27 stories mentioning ASX:SKCUpdated 12d ago
Every FINWIRES story that references ASX:SKC, newest first.
Industrial services stocks advanced 2% at midday Wednesday.Ventia Services Group (NZE:VNT, ASX:VNT) gained 2% in recent trade.On the flip side, the consumer services sector struggled, shedding 2%.Skycity Entertainment Group (NZE:SKC, ASX:SKC) shares were down 3% in recent trade.
New Zealand shares fell on Tuesday while most Asian markets saw losses after Monday's lower Wall Street close.The S&P/NZX 50 Index fell 0.94% or 130.40 points to close at 13,786.90.On Friday, the Nasdaq Composite fell 0.1%, the S&P 500 lost 0.3%, and the Dow Jones declined 0.7%.In domestic news, business credit demand in New Zealand is down 0.8% year over year, and defaults are down 12%, but company closures and liquidations remain elevated, Centrix said in a report.Also, a rebound in diesel prices is putting pressure on construction costs in New Zealand in August, QV said in a report.In corporate news, SkyCity Entertainment Group (ASX:SKC, NZE:SKC) confirmed the settlement of the sale of certain Auckland, New Zealand properties to Mainland Capital in a joint venture with Russell Property Group for NZ$74.5 million.ANZ Group Holdings (ASX:ANZ, NZE:ANZ) is said to have held potential talks about an acquisition of Judo Capital Holdings (ASX:JDO), The Australian reported late Monday, citing various unnamed sources.
SkyCity Entertainment Group (ASX:SKC, NZE:SKC) confirmed the settlement of the sale of certain Auckland, New Zealand properties to Mainland Capital in a joint venture with Russell Property Group for NZ$74.5 million, according to a Tuesday Australian bourse filing.The properties include the 99 Albert Street office building and investment properties on Victoria Street.
SkyCity Entertainment Group (ASX:SKC, NZE:SKC) said it received two indicative takeover proposals in May, but its board unanimously determined that the offers did not adequately reflect the company's underlying value, according to a Tuesday filing with the Australian and New Zealand bourses.A fund managed by Oaktree Capital Management proposed to acquire SkyCity at an indicative price of NZ$0.70 per share in cash, while another party offered to acquire the company for NZ$0.75 per share in cash.SkyCity said it was prepared to engage further with both parties if they provided revised proposals, but neither party submitted improved offers.SkyCity issued the statement in response to recent media speculation that it is in discussions with Oaktree Capital for a potential takeover of the company.SkyCity's New Zealand shares rose 5% in recent Tuesday trade.
Consumer services stocks advanced nearly 4% in midday trade on Monday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 11% in recent trade.Meanwhile, shares of the communications sector fell almost 3%.Chorus (ASX:CNU, NZE:CNU) drove the decline, with shares dropping nearly 6%.The company on Monday logged NZ$0.07 in earnings per share for fiscal 2026, compared with NZ$0.01 a year ago.
SkyCity Entertainment Group (ASX:SKC, NZE:SKC) logged NZ$0.037 in underlying earnings per basic share for the fiscal 2026, compared with NZ$0.094 a year ago, a Thursday filing showed.For the 12 months ended June 30, revenue was NZ$878.9 million versus NZ$825.2 million previously, the dual-listed tourism and leisure group added.The company expects fiscal 2027 capital expenditure to be in the range of NZ$80 million to NZ$100 million.
New Zealand shares ended higher on Thursday as Asian markets saw gains after the latest US inflation data lowered expectations of a Federal Reserve rate hike.The S&P/NZX 50 Index rose 0.64% or 87.64 points to close at 13,825.30.On Wednesday, the S&P 500 rose 0.3%, the Nasdaq gained 0.5% while the Dow Jones was little changed.The US consumer price index rose 3.4% last month from a year earlier, decelerating from a 3.5% rise in June and marking the slowest pace of growth since March, Bureau of Labor Statistics data showed Wednesday.In domestic news, New Zealand housing market prices remained steady in July, but the pace of activity has slowed due to cautious buyers, according to a report from the Real Estate Institute of New Zealand.Further, the Reserve Bank of New Zealand said the respondents for its September quarter survey of expectations expect the country's annual consumer price index growth to be 2.6% one-year-out and 2.34% two-years-out, data showed.Also, high fuel prices are weighing on terms of trade, but it is not anticipated to derail New Zealand's economic recovery, ANZ said.In corporate news, ANZ Group Holdings (ASX:ANZ) logged AU$1.901 billion in cash profit for fiscal Q3, up 2% from a year ago.SkyCity Entertainment Group (ASX:SKC, NZE:SKC) is considering restructuring its operations, which could lead to 200 roles being affected, media reports said.
SkyCity Entertainment Group (ASX:SKC, NZE:SKC) is considering restructuring its operations, which could lead to 200 roles being affected, media reports said on Thursday.The company is reviewing its operating model in the face of "sustained pressure on customers' discretionary spending" in New Zealand and Australia, partly due to the economic impact of the Middle East conflict, SkyCity Chief Executive Jason Walbridge said in an emailed statement to.The company is "reshaping how our people are deployed across the group, so we're simpler, smarter and more connected," Walbridge added.However, no decisions have been made, and the casino operator will consult with its people before making a decision, Walbridge said.The restructuring would mainly be in the company's operations in Auckland, Radio New Zealand said in its report.
SkyCity Entertainment Group (ASX:SKC, NZE:SKC) was informed by New Zealand Superannuation Fund Nominees as nominee for the New Zealand Superannuation Fund that the fund's stake in the firm fell to 4.211% as of Aug. 6 from 5.103% previously, thus ceasing its substantial holding status, according to a Monday Australian bourse filing.The fund now holds 46.4 million ordinary shares of the firm.Its shares fell over 1% in recent trading on the Australian bourse on Monday.
SkyCity Entertainment Group (ASX:SKC, NZE:SKC) has extended and consolidated two existing bank facility tranches of NZ$57.5 million and NZ$80 million into a single NZ$140 million revolving credit facility, which will mature on Sept. 15, 2029, according to a Wednesday filing with the Australian and New Zealand bourses.The amended facility retains the same key terms, including pricing, demonstrating the continued support of the company's banking syndicate, per the filing.The company retains access to NZ$277.5 million in undrawn revolving credit facilities following the transaction, the filing added.The company's New Zealand shares rose by around 1% in Wednesday trading, while its Australian shares fell by about 2%.
Consumer services stocks advanced over 3% on midday trade on Wednesday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 9% in recent trade.The company on Wednesday said it has entered into a non-binding heads of agreement to sell The Grand Hotel as part of its asset monetization program.Meanwhile, shares of the utilities sector fell 1%.Contact Energy (ASX:CEN, NZE:CEN) drove the decline, with shares dropping 2%.
(Updates to add share movement in the headline and the fifth paragraph)SkyCity Entertainment Group (ASX:SKC, NZE:SKC) said it has entered into a non-binding heads of agreement to sell The Grand Hotel as part of its asset monetization program, according to a Wednesday filing with the Australian and New Zealand bourses.The proposed transaction is subject to the completion of due diligence, execution of definitive sale documentation, and approval from New Zealand's overseas investment office, per the filing.The company expects to receive cash proceeds from the sale in late 2026 if all conditions precedent are satisfied, the filing said.The company said the proceeds will be used to repay debt and improve its financial flexibility amid current market conditions, the filing added.The company's shares rose 8% in recent Wednesday trade.
SkyCity Entertainment Group (ASX:SKC, NZE:SKC) said it has entered into a non-binding heads of agreement to sell The Grand Hotel as part of its asset monetization program, according to a Wednesday filing with the Australian and New Zealand bourses.The proposed transaction is subject to the completion of due diligence, execution of definitive sale documentation, and approval from New Zealand's overseas investment office, per the filing.The company expects to receive cash proceeds from the sale in late 2026 if all conditions precedent are satisfied, the filing said.The company said the proceeds will be used to repay debt and improve its financial flexibility amid current market conditions, the filing added.
(Update to add stock movement on the Australian bourse in the third paragraph)SkyCity Entertainment Group (NZE:SKC, ASX:SKC) said the sale of its 99 Albert Street office building and Victoria Street investment properties has become unconditional, according to Friday filings with the New Zealand and Australian bourses.Mainland Capital, in partnership with Russell Property Group, has agreed to acquire the properties for NZ$74.5 million, with the transaction expected to settle on Sept. 1, the filing added.The company's New Zealand shares jumped 7% in recent Friday trade. Its shares also rose 4% in recent trading on the Australian bourse.
SkyCity Entertainment Group (NZE:SKC, ASX:SKC) said the sale of its 99 Albert Street office building and Victoria Street investment properties has become unconditional, according to a Friday filing with the New Zealand and Australian bourses.Mainland Capital, in partnership with Russell Property Group, has agreed to acquire the properties for NZ$74.5 million, with the transaction expected to settle on Sept. 1, the filing added.The company's New Zealand shares jumped almost 7% in recent Friday trade.
Consumer services stocks advanced over 0.7% on midday trade on Wednesday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 2% in recent trade.Meanwhile, shares of the producer manufacturing sector fell nearly 1.3%.Skellerup Holdings (NZE:SKL) drove the decline, with shares dropping over 1%.
Consumer services stocks advanced nearly 5% at midday Wednesday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 3% in recent trade.Meanwhile, shares of the distribution services sector fell almost 5%.Shares of Vulcan Energy (NZE:VSL, ASX:VSL) were nearly 6% lower in recent trade.
SkyCity Entertainment Group (ASX:SKC, NZE:SKC) received notice that AustralianSuper decreased their holdings in the company to 8.32% from 10.29%, according to a Wednesday filing with the New Zealand bourse.AustralianSuper now owns 91.7 million shares in the company, the filing said.
Australian shares retreated further on Friday, even as oil tankers began to move around the Strait of Hormuz after a peace deal signed between the US and Iran.The S&P/ASX 200 Index dropped 0.92%, or 82.40 points, to close at 8,828.70.On Wall Street, the Nasdaq Composite rose 1.9%, and the S&P 500 was up 1.1%.Brent crude oil futures traded around $79 per barrel. Meanwhile, US Vice President JD Vance cancelled a planned trip to meet Iranian negotiators in Switzerland on Friday. The Swiss Foreign Ministry confirmed the planned talks will not take place.In company news, BHP Group (ASX:BHP) increased the estimated investment for its Jansen stage two potash project to $6.9 billion from $4.9 billion after a detailed cost and schedule review, delaying first production by two years to late fiscal 2031. Shares fell 5% on market close.SkyCity Entertainment Group (ASX:SKC, NZE:SKC) and SkyCity Adelaide entered into a nonbinding heads of agreement with the Commissioner for Liquor and Gambling in South Australia, which provides for a total fine of AU$21 million. Its shares gained 15% on close.Lastly, Electro Optic Systems Holdings (ASX:EOS) said it has secured an order of about AU$175 million for its Slinger Counter-Drone remote weapon system (RWS) to be supplied to Generation 5 Holding, with systems to be manufactured in Australia and the UAE and delivered during 2027 and 2028. Its shares closed 14% higher.
New Zealand shares rose on Friday as markets weighed in on the 14-point agreement between the US and Iran that finally reopens the Strait of Hormuz.The S&P/NZX 50 Index rose 0.99%, or 132.32 points, to close at 13,495.63.On Thursday, the Nasdaq Composite rose 1.9%, the S&P 500 gained 1.1%, while the Dow Jones inched up 0.1%.In domestic news, New Zealand recorded a goods trade surplus of NZ$800 million in May, compared with a surplus of NZ$1.6 billion in April, Stats NZ data showed.Also, the March quarter New Zealand gross domestic product (GDP) data showed that monetary policy easing was working, but through business investment and trade rather than the consumer, Jarden said in a note late on Thursday.In corporate news, SkyCity Entertainment Group (ASX:SKC, NZE:SKC) and SkyCity Adelaide entered into a nonbinding heads of agreement with the Commissioner for Liquor and Gambling in South Australia, which provides for a total fine of AU$21 million.Rua Gold (NZE:RGI) continued to confirm "significant" potential to expand the gold-antimony resource at its Auld Creek project in South Island, New Zealand.
Showing 1-20 of 27
