Business
Infrastructure
Govt risk from Tamarind's onshore activities limited - Woods
The government says it has taken additional measures to ensure Tamarind Resources meets obligations under its remaining New Zealand oil and gas licences. The firm, which surrendered the offshore Tui oil field earlier this year after the collapse of its Tamarind Taranaki busine...
Finance
How SkyCity ensured all shareholders were treated fairly in $230m capital raising
SkyCity Entertainment Group stared down its merchant bankers to ensure its existing shareholders were able to access their fair share of its $230 million capital raising. That resulted in key differences from other recent capital raisings, including setting a firm price on the...
Infrastructure
Air NZ sees underlying loss of up to $120m
Air New Zealand expects to report an underlying loss of up to $120 million in the June year due to the covid-19 pandemic, and that’s before one-off hits of up to $624 million. The national carrier said it expects to report a pre-tax loss before significant items of up to $120...
Policy
ACC to decarbonise investment portfolio
The Accident Compensation Corporation has announced a target to halve the carbon intensity of its $46 billion investment portfolio by 2030. ACC chair Paula Rebstock said the targets acknowledge the changed ethics of New Zealanders seen in the bi-partisan support for the Zero C...
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