Airline says it may need to take ‘further pricing action and adjust its network and schedule’ as Middle East conflict pumps up fuel costs.
The NZX-listed retailer is looking to reduce its cost of doing business to below 31% of sales.
Shareholders have rejected Florenz’s takeover offer, and Bougen is still talking of putting a recapitalisation plan before the board.
Chair Bridget Coates told today’s special meeting the board is working urgently with advisers and banking partners to look at funding alternatives.
The strong result will help justify chief executive Sukhinder Singh Cassidy’s remuneration, which created controversy at the last annual general meeting.
Investment company reports half year profit of $631.5m.
The company gave shareholders a candid assessment of challenges it could face if its takeover deal falls over.
Shares in the company continue to nosedive as shareholders vote against the deal.
The listed transport company expects group performance to improve as it navigates patchy economies.
Shareholders aligned with Brent Robinson prevented Mark Bregman from becoming chair at the August AGM, leaving Lorraine Witten as caretaker.