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.
The mega fund manager hopes its $2b renewables fund will make its first investments by the end of the year.
Eastland is also raising capital for the project.
Morrison & Co CIO Will Smales says geopolitical risks of recent China deal were ‘carefully weighed’.
Christchurch International Airport reports annual result, including $27.6m dividend.
A partnership funded by Hong Kong interests should have gained permission before buying the property, LINZ says.
BWA Insolvency’s quarterly report shows construction firm failures are up 78% on a year ago: ‘A miscalculation can prove to be fatal, as is so often the case.’
Agreeing in principle to the $2b deal, subject to public consultation, is a major step forward, says Auckland Mayor Wayne Brown.
Net profit jumps 34% to $175 million, with the economic chill starting to bite in second half.
Company debt increased by more than half over the year.