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Retail
NZ stocks smacked by smelter review, SkyCity fire
New Zealand shares dropped as the threat of Rio Tinto pulling the pin on the Tiwai Point smelter saw Meridian Energy and its electricity sector peers sold off sharply. The S&P/NZX 50 Index dropped 169.1 points, or 1.5 percent, to 10,922.11 at 1.30pm, with 27 of the top 50 stocks...
Retail
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SkyCity shares hit 7-week low as fire engulfs convention centre
SkyCity Entertainment Group shares dropped to a seven-week low in a knee-jerk reaction to news of a major fire at the already-delayed building site for the international convention centre. The stock fell as low as $3.82 after headlines started to emerge at 1.10pm, and was recentl...
Retail
Rip Curl buy a done deal on Kathmandu proxies
Enough Kathmandu shareholders backed the $368 million acquisition of surf brand Rip Curl to approve the deal just on the number of proxy votes held by the board.The special meeting in Sydney was to ratify the deal, which will turn Kathmandu into a billion-dollar-revenue business...
Retail
SkyCity hoses down union claims over potential job losses
SkyCity Entertainment Group has hosed down union claims that almost half its convention centre workforce was at risk, saying just eight jobs were affected by a consultation process. The casino operator said the looming closure of the convention centre and delayed opening of the n...
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