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22 stories mentioning NZE:SPKUpdated 3d ago

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Asia

New Zealand Shares Reach All-Time High; Spark New Zealand Starts Review of Digital Services Division

New Zealand shares rose to their all-time high as most Asian markets saw gains amid a pause in the Middle East conflict.The S&P/NZX 50 Index rose 0.57% or 78.40 points to close at an all-time high of 13,850.69.Iran said it would halt its attacks if the United States did the same, Reuters reported on Sunday, citing a senior Iranian official, as Washington paused its bombing campaign after advisers warned Trump that viable targets were dwindling and raised concerns about straining the US arsenal.On the domestic front, total new residential mortgage lending in New Zealand fell to NZ$8.45 billion in June from NZ$8.63 billion in May, according to data from the Reserve Bank of New Zealand.In corporate news, Spark New Zealand (ASX:SPK, NZE:SPK) started a strategic review of its Digital Services division.Meridian Energy (ASX:MEZ, NZE:MEL) has received approval to develop the 110 megawatt Morrinsville Solar Farm in Waikato, with around 230,000 solar panels expected to generate up to 200 gigawatt-hours of renewable electricity annually, enough to power more than 25,000 homes.

^NZ50ASX:MEZASX:SPKNZE:MELNZE:SPK
Asia

Update: Spark New Zealand Starts Review of Digital Services Division

(Updates to add stock movement in the fifth paragraph)Spark New Zealand (ASX:SPK, NZE:SPK) started a strategic review of its Digital Services division, according to a Monday filing with the Australian bourse.The review is expected to be completed in the first half of fiscal year 2027, the filing said.The company will shift to a new organizational structure comprising two divisions, namely Connectivity and Digital Services, with both enabled by centralized shared functions.In line with the restructure, Chief Commercial Officer Mark Beder was named Chief Customer Officer of Connectivity, per the filing.The company's shares rose past 3% in recent Monday trading on the Australian bourse. Its New Zealand shares gained over 2%.

ASX:SPKNZE:SPK
Asia

Spark New Zealand Starts Review of Digital Services Division

Spark New Zealand (ASX:SPK, NZE:SPK) started a strategic review of its Digital Services division, according to a Monday filing with the Australian bourse.The review is expected to be completed in the first half of fiscal year 2027, the filing said.The company will shift to a new organizational structure comprising two divisions, namely Connectivity and Digital Services, with both enabled by centralized shared functions.In line with the restructure, Chief Commercial Officer Mark Beder was named Chief Customer Officer of Connectivity, per the filing.Shares fell nearly 1% in morning trade in New Zealand.

ASX:SPKNZE:SPK
Asia

New Zealand Shares Rise Slightly; Spark New Zealand Appoints COO

New Zealand shares ended slightly higher on Thursday as most Asian markets saw gains amid an escalating Middle East conflict.The S&P/NZX 50 Index rose 0.23% or 32.13 points to close at 13,795.31.The Houthis, Yemen's Iran-backed group, struck two Saudi oil tankers on Thursday under a naval blockade of the kingdom, raising the prospect of simultaneous disruptions to oil flows through both the Red Sea and the Strait of Hormuz, according to a Reuters report.In corporate news, Spark New Zealand (ASX:SPK, NZE:SPK) appointed Tommy Bjorkberg as chief operating officer, effective Oct. 1.Genesis Energy (NZE:GNE, ASX:GNE) reported total retail electricity sales of 1,543 gigawatt-hours (GWh) for the fiscal fourth quarter ended June 30, down from 1,696 GWh in the same quarter a year earlier.

^NZ50ASX:GNEASX:SPKNZE:GNENZE:SPK
Asia

Spark New Zealand Appoints COO

Spark New Zealand (ASX:SPK, NZE:SPK) appointed Tommy Bjorkberg as chief operating officer, effective Oct. 1, according to a Thursday Australian and New Zealand bourse filing.Bjorkberg currently serves as vice president of network and cloud at KPN, the filing added.

ASX:SPKNZE:SPK
Asia

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Friday.SkyCity Entertainment Group (NZE:SKC): 12.5 million sharesPacific Edge (NZE:PEB): 2 million sharesSpark New Zealand (NZE:SPK): 553,790 sharesTower (NZE:TWR): 536,818 sharesikeGPS Group (NZE:IKE): 477,067 shares

^NZ50NZE:IKENZE:PEBNZE:SKCNZE:SPKNZE:TWR
Asia

NZX Midday Sector Update: Finance Advances, Communications Decline

Finance shares gained the most on New Zealand's Exchange, rising almost 2% by midday Thursday.Westpac Banking (NZE:WBC, ASX:WBC) gained 2% in recent trade.Meanwhile, the communications sector shares fell past 1%.Spark New Zealand (NZE:SPK, ASX:SPK) was down past 1% in recent trade.

^NZ50ASX:SPKASX:WBCNZE:SPKNZE:WBC
Asia

New Zealand Shares Flat; Bremworth Says New Zealand Commerce Commission Clears Floorscape Acquisition Proposal

New Zealand shares closed flat with a negative bias on Wednesday as markets weighed in on continued uncertainty around a US-Iran peace deal.The S&P/NZX 50 Index was little changed to close at 13,610.50.Iran said on Tuesday it would not meet top U.S. envoys who traveled to the region after hostilities broke out, dimming prospects for a lasting peace between the two countries, according to a Tuesday Reuters report.In domestic news, the national average asking price in New Zealand's property market held steady at NZ$866,314 in June, with new listings rising 4.3% year over year to 7,942 during the month, according to a report from realestate.co.nz.Also, the Reserve Bank of New Zealand (RBNZ) is likely to focus on risk management given current uncertainty, which should push it to raise the official cash rate by 25 basis points to 2.5% at a policy meeting next week, ANZ said.Further, the data suggests credit conditions are improving in New Zealand for many households and businesses, but confidence remains measured, and pockets of financial strain are still evident, Centrix said in its June Credit Indicator report.In corporate news, Bremworth (NZE:BRW) said the New Zealand Commerce Commission has granted clearance for Floorscape to acquire all of its shares under a scheme of arrangement.Spark New Zealand (ASX:SPK, NZE:SPK) said the New Zealand Government's proposed changes to its policy approach for the renewal of spectrum in the 2300MHz and 2600MHz bands are not expected to have a "material" direct operations impact.

^NZ50ASX:SPKNZE:BRWNZE:SPK
Asia

Spark New Zealand Says Government's Proposed Changes on Spectrum Policy Not Expected to Have 'Material' Operations Impact

Spark New Zealand (ASX:SPK, NZE:SPK) said the New Zealand Government's proposed changes to its policy approach for the renewal of spectrum in the 2300MHz and 2600MHz bands are not expected to have a "material" direct operations impact, according to a Wednesday filing with the Australian bourse.However, the company expressed concerns that the decision introduces uncertainty for the telecommunications sector, the filing said.The government's approach reduces the amount of spectrum the company can utilize to serve its customers and raises questions about access to essential bands, per the filing.Spark New Zealand shares fell 1% in recent New Zealand trade.

ASX:SPKNZE:SPK
Asia

Spark New Zealand's Share Price Underperformance Creates More Compelling Entry Point, Jarden Says

Spark New Zealand's (NZE:SPK, ASX:SPK) share price has underperformed since mid-May relative to the NZX50 index, creating a more compelling entry point at the current level, Jarden said in a Wednesday note.The investment firm said there is only a small prospect of growth in dividends unless the company makes a meaningful reduction to capital expenditure or boosts its overall earnings, which could prove difficult due to legacy pressures in the business.Jarden continues to be constructive on Spark New Zealand's mobile services, but also noted the company is highly reliant on the continuation of benign regulatory and competitive dynamics."We reiterate our view that a key potential positive catalyst lies in SPK's willingness to simplify away from non-core businesses (IT) where we see potential value upside if SPK can reduce capital intensity while giving up little in the way of cash earnings," the equity research firm said.It raised the rating on Spark New Zealand to overweight from neutral, noting that a sufficient value gap has re-emerged, with an unchanged target price of NZ$2.27.The company's Australia and New Zealand shares both advanced around 5% in recent Thursday trade.

ASX:SPKNZE:SPK
Asia

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Wednesday.Tourism Holdings (NZE:THL): 3.2 million sharesSpark New Zealand (NZE:SPK): 1.4 million sharesStride Property Group (NZE:SPG): 827,060 sharesAir New Zealand (NZE:AIR): 571,327 sharesVulcan Steel (NZE:VSL): 562,340 shares

^NZ50NZE:AIRNZE:SPGNZE:SPKNZE:THLNZE:VSL
Asia

NZX Midday Sector Update: Miscellaneous Sector Soars, Communications Stocks Struggle

Miscellaneous shares gained the most on New Zealand's Exchange, rising past 4% on Tuesday.Shares of Marlin Global (NZE:MLN) surged more than 4% in recent trade.Meanwhile, communications shares fell nearly 2%.Shares of Spark New Zealand (NZE:SPK, ASX:SPK) drove the decline, falling roughly 3% in recent trade.

^NZ50ASX:SPKNZE:MLNNZE:SPK
Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.a2 Milk Company (NZE:ATM): +11%, NZ$7.29Santana Minerals (NZE:SMI): +6%, NZ$0.67Scott Technology (NZE:SCT): +3%, NZ$2.82Heartland Group Holdings (NZE:HGH): +3%, NZ$1.23Fletcher Building (NZE:FBU): +3%, NZ$3.19EBOS Group (NZE:EBO): +3%, NZ$21.25Ryman Healthcare (NZE:RYM): +3%, NZ$2.33Spark New Zealand (NZE:SPK): +3%, NZ$1.95Mercury NZ (NZE:MCY): +2%, NZ$6.92Sky Network Television (NZE:SKT): +2%, NZ$3.18

^NZ50NZE:ATMNZE:EBONZE:FBUNZE:HGHNZE:MCYNZE:RYMNZE:SCTNZE:SKTNZE:SMINZE:SPK
Asia

Spark New Zealand to Deploy Wildfire Detection System at Waitangi Endowment Forest

Spark New Zealand (NZE:SPK, ASX:SPK) said it will roll out an advanced ultra-early fire detection system at the Waitangi Endowment Forest in partnership with the Far North District Council and Dryad, the first of its kind in New Zealand, according to a Tuesday statement.The company said the system uses sensors trained to detect variations in air quality and the presence of pollutants associated with smoldering and smoke to safeguard one of New Zealand's cultural landmarks against wildfires.Spark's New Zealand shares fell 2% in recent Tuesday trade.

ASX:SPKNZE:SPK
Asia

New Zealand Shares Rise; Infratil Allocates AU$200 Million of Capital Bonds Under Offer

New Zealand shares ended higher on Friday, while most Asian shares saw a sell-off as a peace deal in the Middle East remains elusive.The S&P/NZX 50 Index rose 0.46%, or 60.36 points, to close at 13,161.97.The Lebanon-based Hezbollah has rejected a new ceasefire on Thursday, and Israel said it will not withdraw its troops from Lebanon, according to a Thursday Reuters report.In domestic news, New Zealand's total new lending decreased to NZ$14.17 billion in April from NZ$15.13 billion in March, according to data from the Reserve Bank of New Zealand.In corporate news, Infratil (ASX:IFT, NZE:IFT) said its capital bond offer closed after it allocated AU$200 million of unsecured, subordinated, repayable, cumulative, interest-bearing capital bonds maturing on June 15, 2057, including AU$50 million of oversubscriptions.Spark New Zealand (NZE:SPK, ASX:SPK) launched Verified Call, a feature that helps customers identify legitimate Spark calls by displaying the company's name, logo, a verified badge, and the reason for calling on the mobile phone screen before picking up.

^NZ50ASX:IFTASX:SPKNZE:IFTNZE:SPK
Asia

Spark New Zealand Launches Verified Call Feature to Protect NZ Users From Scammers Impersonating Spark

Spark New Zealand (NZE:SPK, ASX:SPK) launched Verified Call, a feature that helps customers identify legitimate Spark calls by displaying the company's name, logo, a verified badge, and reason for calling on the mobile phone screen before picking up, according to a Thursday statement from the company.The company said Verified Call works by sending a notification to the Spark app just before the call connects, allowing Spark's verified branding and call intent to appear on the customer's screen while the phone is ringing and during the call."We're also exploring how this capability could be extended more broadly across other organizations, as part of a wider, coordinated approach to strengthening trust in phone communications," said Ross Dickson, Spark Fraud lead.The company's New Zealand shares rose past 1% in recent Friday trade.

ASX:SPKNZE:SPK
Asia

New Zealand Shares Rise; Spark New Zealand Unit Secures NZ$500 Million Bank Facility in Refinancing Deal

New Zealand shares ended higher on Friday, while most Asian stocks rose after a report said that the US and Iran agreed on a 60-day truce, pending US President Donald Trump's sign-off.The S&P/NZX 50 Index rose 0.29% or 38.44 points, to close at 13,244.55.The US and Iran have reached a tentative agreement to extend their ceasefire by 60 days and continue talks on Tehran's nuclear program, according to a Thursday Bloomberg report, citing a person with knowledge of the matter.In domestic news, consumer confidence in New Zealand rose 6 points in May to 86.5, tracking a small uplift, although the index remained 21 points lower than its January peak, with Wellington remaining the most downcast region, ANZ Research said.Also, business confidence in New Zealand increased by 21 points in May, reaching +10, but still lower than pre-Middle East conflict levels, according to a report by ANZ.Further, the impact of the Middle East conflict will probably be supportive of New Zealand agricultural commodity prices in the short term, but prices could soften under a scenario of prolonged hostilities as product is diverted to markets that already have sufficient supply, Westpac said.Meanwhile, New Zealand housing loans increased in April, while personal, business, and agricultural lending declined from the previous month, according to the Reserve Bank of New Zealand.In corporate news, Spark New Zealand's (NZE:SPK, ASX:SPK) wholly owned subsidiary Spark Finance has completed a refinancing of its bank debt, establishing a new NZ$500 million committed facility to replace existing arrangements.Chorus (ASX:CNU, NZE:CNU) said its fiber-regulated asset base (RAB) rose to NZ$6 billion in the 2025 disclosure year, up from NZ$5.9 billion in 2024.

^NZ50ASX:CNUASX:SPKNZE:CNUNZE:SPK
Asia

Spark New Zealand Unit Secures NZ$500 Million Bank Facility in Refinancing Deal

Spark New Zealand's (NZE:SPK, ASX:SPK) wholly owned subsidiary Spark Finance has completed a refinancing of its bank debt, establishing a new NZ$500 million committed facility to replace existing arrangements, according to a Friday New Zealand and Australian bourse filing.The facility will support general corporate funding needs following the sale of a 75% stake in its data center business in January, per the filing.The revised structure extends maturities to up to five years and preserves existing lender and bondholder undertakings along with the negative pledge provisions, the filing said.The company said the refinancing does not affect its fiscal 2026 guidance or its capital management framework, the filling added.The company's Kiwi shares were down 1% in recent Friday trade.

ASX:SPKNZE:SPK
Asia

Spark New Zealand Deploys Private 5G Network at Port Nelson in Partnership With Ericsson

Spark New Zealand (NZE:SPK, ASX:SPK) said Tuesday that Port Nelson has deployed a private 5G network in partnership with Spark and Ericsson Enterprise Wireless Solutions, covering about 30,000 square meters across three warehouses in Nelson and Blenheim.The company said in a statement that its 5G+ Private Network solution uses Ericsson Private 5G to provide a high-availability core at Port Nelson that connects to small cell radios, delivering reliable coverage inside the warehouses and across outdoor yard areas."Port Nelson is a great example of how private 5G is unlocking new value for New Zealand businesses operating in complex, production‑critical environments," said Greg Clark, chief customer officer at Spark.Spark's Australian shares and New Zealand shares both rose almost 1% in recent Tuesday trade.

ASX:SPKNZE:SPK
Japan

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Monday.Vital Healthcare (NZE:VHP): 2.1 million sharesPrecinct Properties NZ & Precinct Properties Investments (NZE:PCT): 2 million sharesSpark New Zealand (NZE:SPK): 1.2 million sharesInfratil (NZE:IFT): 587,218 sharesAir New Zealand (NZE:AIR): 463,071 shares

^NZ50ASX:IFTNZE:AIRNZE:PCTNZE:SPKNZE:VHP

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