News in Brief
News in Brief
News in Brief
SkyCity in trading halt over capital raise announcement
SkyCity is in trading halt over equity raise speculation.
News in Brief
Mercury’s profit drops $289m to $1m amid tough power conditions
Mercury has blamed tough power-generating conditions for a sharp decline in its earnings over the June year.The company, 51% owned by the Government, said its net profit for the year came to just $1 million, down $289m from the prior year.The fall was due to lower earnings before...
News in Brief
Synlait Milk in talks over potential sale of Pōkeno factory
The neighbouring plant at Pōkeno was just sold.
News in Brief
Government keeps AA+ credit rating, Fitch warns to keep ‘culture of fiscal responsibility
The Government has kept its AA+ credit rating from Fitch, one of the big three ratings agencies – but the agency warned that a slackening culture of fiscal responsibility, a more severe housing market correction, or an unemployment spike could see the rating reduced in future.The...
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