Australia-based Humm Group falls after ending partnership discussions

Humm

05/09/2022 01:43

** Shares of Australia-based Humm Group  HUM.AX  fall as
much as 2.9% to A$0.505, their lowest since Aug. 3
    ** Shares dip after co and Air New Zealand  AIR.NZ  end
partnership discussions  urn:newsml:reuters.com:*:nASX4P7N6K
    ** The consumer finance products provider advises that
commercial terms between it and Air New Zealand  AIR.NZ  could
not be reached
    ** Co contemplates that strategic partnership will not
proceed
    ** Stock posts its biggest intraday pct fall since Aug. 30
    ** Co set for seventh straight losing session
    ** More than 47,000 shares change hands, vs the 30-day
average volume of 658,465 shares
    ** Stock has fallen 42.2% this year, as of last close

($1 = 1.4715 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))