News in Brief
News in Brief
Property for Industry pulls guidance
Property for Industry has withdrawn its earnings and dividend guidance, saying the company may need to provide assistance to tenants in order to be in a strong position when the covid–19 outbreak is over.The company said it had been performing in line with guidance until the enfo...
Govt ministers, CEOs take pay cut
The prime minister, government ministers and public service chief executives will take a pay cut of 20 percent over the next six months, Prime Minister Jacinda Ardern announced.“It is the right thing to do, and I acknowledge chief executives for volunteering to take the pay cut a...
Cannasouth looking to raise $3 million
Listed medicinal cannabis company Cannasouth hopes to raise $3 million under a share purchase plan to its shareholders. The company, which raised $10 million through its NZX-listing last June, says it aims to accelerate development of its initiatives under New Zealand’s medicinal...
Former PepsiCo boss takes charge at Frucor Suntory
Australasian soft drink company Frucor Suntory has appointed former PepsiCo boss, Darren Fullerton as chief executive.Fullerton spent 18 years at PepsiCo, rising to chief executive for Australia and New Zealand before taking the helm at Winc, a billion-dollar Australasian office...
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