Lucky escape for many households as damage bill likely to be lower than first feared.
Bank reports 38% profit fall, sees lower margins ahead.
Ares’ offer has an implied value of $A1.85 a share.
Prospect part-owned by NZ Oil & Gas.
Outgoing chief executive Mark Cairn's fishing skills got a mention at his final annual meeting.
Annual meeting hears company must raise money to pay bills.
Co-op still profitable but Covid-19 hit results.
Greg Allen will stay with the company until April at the latest.
The company in September announced a strategic review of all its assets.
Professor Jeffrey Sachs also lavishes praise on Jacinda Ardern and New Zealand's handling of the pandemic.