The A2 Milk Co’s profit warning triggered its worst week since May 2021.
The fuel terminal operator’s storage contracts are indexed to producer price inflation, which has strong links to fuel prices.
Ebos came in for some selling ahead of next week’s investor day.
Investors are concerned about impairments and cash reserves, and have previously voted against the company's remuneration report.
Long-term shareholders are ‘wanting to get on the horse again’, Neil Craig says.
Air New Zealand rose after Forsyth Barr research showed recent price hikes would ease pressure on the bottom line in the face of deepening losses.
The company’s Destination 2030 strategy, targeting $530m in revenue, is ‘on track’.
The regulator is not satisfied that a sale of the business to the owners of Godfrey Hirst would not substantially lessen competition.
Heavily discounted rights issue halves Briscoe holding.
Proceeds will be used to facilitate a bank refinancing, with Fraser and Neave backing the raise.
