Greg Smith: Devon Funds Management representative on market value results, Spark, Sky TV, Fonterra and Australian real estate giant

Spark has lost $1 billion in market value, a result that was greeted with shock by investors.

Sky TV also reflected a tough economy, while Fonterra jumped after lifting earnings forecasts. 

Crossing the Tasman, an American real estate giant has launched a A$2.6B bid for Australian real estate portal domain. 

Greg Smith of Devon Funds Management talks to Mike Hosking about the outcomes. 

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