Z Energy exits electricity retail.
The battered financial services giant sees a path to future prosperity through New Zealand, alongside four other business units.
Statutory net profit fell 11% to $749 million in the six months ended December 31.
The market delivered a savage reaction to the company's results announcement this morning, which included a $122m impairment and the exit of the chair and CEO.
December quarter report shows some positive sentiment returning to markets, as total KiwiSaver AUM cracks $100b.
Industrial services outperformance saved the conglomerate from a struggling media sector.
Ross Taylor and Bruce Hassall to go as company reveals a $122m impairment charge on Australian unit Tradelink.
Guanglin Lai, the rural services company's disgraced former chair, has called a special meeting to vote on his re-election.
Company’s surprise announcement of material impairments and possible exit of CEO Ross Taylor has analysts questioning competence of directors.
The bank concedes it will be tough to match last year’s record A$5.2b profit.