Exec's departure boosts SkyCity
25 Jun 2007
NEW ZEALAND -- As reported by the New Zealand Stuff: "A surprise exit by SkyCity's managing director boosted the casino company's shares, and stopped the sharemarket from slipping too far into the red following falls offshore.
"The benchmark NZSX-50 ended down 14.23 points, or 0.3 per cent, at 4270.91 after closing down 15.42 points on Friday.
"More than 48.26 million shares worth $138.35 were traded. Falls outnumbered rises 63 to 40 among the 149 stocks traded
"...SkyCity shares closed up 18c at 519, a cent below the day's high, after the company said Evan Davies was standing down and director Elmar Toime would step into the role of executive director until a replacement was found..."