As part of the compromise, two of James Grenon’s former director nominees would get positions with the company.
Group net profit up 20% to $562m, with decline in bank’s net interest margin and customer deposits.
The board has rejected a revised offer for its Australian Glass Group.
The country's largest tourism and recreational vehicle company has slashed its net profit after tax guidance as bookings slow and it struggles to sell ex-fleet vehicles.
Telco is seeing ‘significantly reduced demand in IT service management and professional services’.
Group cites weakening commodities, global markets and asset management businesses.
Foote ‘demonstrated courage in standing up for her convictions and reflecting those to stakeholders,’ NZSA says.
Despite management turmoil and earnings downgrades, Morningstar believes that the automotive aftermarket supplier holds a dominant position in the market that shouldn't be ignored.
CEO Mark Peterson and chair John McMahon on levelling the regulatory playing field, the IPOs that got away, and the ASX.
The airport unveils its ‘functional’ design, but critics say the project’s $3.9b price tag is too high.