A drop in critical mineral prices and weakened share prices of its listed peers are behind the move.
The State Services Commission is pleased pay rate growth is lower than in 2017.
Banks say they are already among the most secure in the world.
An Australian kitchenware firm plans a $118 million bid for the Auckland-based company.
Infratil reaffirms earnings guidance
More acquisitions could be on the cards, the company says.
Elsewhere, China nabs a second Canadian in tit-for-tat arrests.
Toy company Zuru has expanded into prefabricated housing. In this third Raw and Real interview with Todd Scott, co-founder Nick Mowbray discusses his other FMCG investments.
Roading problems in the Deep South becoming a headache for locals and the country's transport agency.
Australian consumer finance company Latitude on the hunt for more.