While the copper tariffs will impact the two global miners, Australia will be more directly affected by the prospect of 200% tariffs on pharmaceuticals.
Stock falls as much as 22% after casino operator cans dividends until 2026 and cuts profit outlook.
The division’s underlying ebitda will be positively affected by the orchard purchases.
Casino operator seeks to protect debt covenant headroom as market conditions weaken.
The debt-burdened milk processor has a shareholder loan and says it is working on an equity raise, but it won't be enough, says a Forbar note.
Deal with lenders places potential restrictions on dividend payments.
A significant majority of farmers supplying the company have submitted cessation notices.
No purchase price was disclosed, but the mining multinational was given confidence in the long term viability of Tiwai Pt after its 20-year deal with NZ's energy generator trifecta.
Meridian, Contact and Mercury have reached agreement with the NZ Aluminium Smelter for the supply of electricity to its Tiwai Pt operation.
The NZX-listed Burger Fuel Group outlined the financial cost of its recent court hearing.