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Investors should wait until after Z Energy float to buy shares at a lower price, Morningstar says
By Tina Morrison Aug. 14 (BusinessDesk) – Investors would be better to wait until after the Z Energy float to buy shares in the petrol station chain as volatility in the sector means the price is likely to slip in the future, according to research house Morningstar. Z Energy, o...
SkyCity FY profit falls 8 percent on flat Auckland result, one-off 2012 benefits
Aug. 14 (BusinessDesk) – SkyCity Entertainment Group, which has won increased gaming concessions in Auckland and Adelaide, said full-year profit fell 8 percent, missing estimates, on a flat result in New Zealand’s biggest city and one-time benefits the previous year, which weren...
Regulator clips Orion’s attempt to claw back $86 mln in earthquake costs
Aug 14 (BusinessDesk) - The Commerce Commission plans to let Christchurch electricity lines company Orion New Zealand hike its prices to recover earthquake rebuilding costs, but in a much smaller way than Orion is seeking. The regulator’s draft decision would let Orion lift pri...
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