Fletcher led the index higher as building consents point to increased activity.
Decision means $130m loan from 39% shareholder Bright Dairy likely to be approved, averting milk processor's receivership.
More than three months after being tapped by Fletcher’s recruitment consultants Cairns had not heard back from the company.
Vote to approve ‘lifeline’ $130m loan could get over the line without A2 Milk’s support, but would require strong turnout from remaining shareholders.
Company says shareholders can expect an improved dividend as increased generation comes on stream , though that's diluted by spending on its Wairakei replacement project.
The NZX-listed milk processor faces receivership if special meeting vote does not approve $130m shareholder loan from Bright Dairy.
It may be ‘back to basics’ for port operations, but it’s not cheap as the country’s second-busiest port looks to secure $1.1b in profits over the next decade.
Growth pipeline drives revaluation of 48%-owned Australian data centre business.
New Talisman Gold Mines shares resume trading after suspension as fresh loan facilities mollify auditor.
Shares in the company have doubled on the ASX over the past year on hopes for the Bendigo-Ophir gold project.
