SkyCity will put ‘compliance ahead of short-term profits’, chair Julian Cook says

SkyCity will put ‘compliance ahead of short-term profits’, chair Julian Cook says
SkyCity chair Julian Cook says regulatory issues will remain a focus for the company. (Image: NZME)
Dileepa Fonseka
SkyCity is sticking with its earnings guidance but says tough market conditions and regulatory issues continue to pose challenges.At SkyCity Entertainment Group's AGM on Thursday, chair Julian Cook acknowledged that the suspension of dividends and the share price – sitting at $1.39 by mid-morning – represented a “disappointing outcome” for shareholders. “The board's view is that business prospects will improve as we work through the regulatory improvement programmes, as the NZICC [New Zealand Internati...

More Markets

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...

F&P Healthcare urges Govt to shut patent loophole
Markets

F&P Healthcare urges Govt to shut patent loophole

The company says the current patent loophole threatens its NZ operations.