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Meridian earnings strong, but smelter deal cuts value nearly $500m
By Pattrick Smellie Aug 12 (BusinessDesk) - Meridian Energy has turned in a strong 53 percent increase in underlying net profit after tax of $162.7 million, but has had to write down the total value of its assets by $476 million to reflect the lower power prices it will get from...
Heartland heads off low-ball offers with plan to pick up brokerage on small share parcels
By Paul McBeth Aug. 12 (BusinessDesk) - Heartland New Zealand, the parent of the country’s newest bank, is trying to head off low-ball offers to its investor base with a plan to pick up the broking fees for small shareholders who want to sell. The Christchurch-based lender ha...
Ralph Norris to lead Fonterra board inquiry, helped by Judith Potter, Jack Hodder
Aug. 12 (BusinessDesk) – Former Commonwealth Bank of Australia chief Ralph Norris is to lead Fonterra Cooperative Group’s board inquiry into the botulism contamination scare, helped by former High Court judge Judith Potter and Chapman Tripp lawyer Jack Hodder QC. Norris, an ind...
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