Forsyth Barr’s Aaron Ibbotson says global markets have largely powered through on the basis that the Strait of Hormuz will reopen ‘one way or the other’, while mega tech firms cull jobs.
As the two state-owned companies choose different strategic directions, some disruption was always inevitable.
Shares up 16%, or 42c, to $2.91 in midday trading.
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The new funds will help the listed company in two major infrastructure projects and to return it to dividend payments next year.
Retirement village operator says its Australian expansion plans are on track
Sale process to start immediately.
Elsewhere, JP Morgan predicts the health of next year's oil market while OECD forecasts 2019.
The naturopathy company's trying to raise $2m.
AFT Pharmaceuticals reports reduced losses in latest results.