The Board of Directors of Argosy Property Limited has determined that Alex Cutler is an Independent Director for the purposes of NZX Listing Rule 2.6.2.
The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.
The CEO says Lyttelton Port does not generate sufficient returns on its capital base.
Falling market share and margins in the broadband market look entrenched.
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