Meridian Energy and Rio Tinto-controlled New Zealand
Aluminium Smelters have extended their electricity agreement
for another month, giving the Tiwai Point smelter owner a
little more time to sort out its electricity needs.
Briscoes has launched a surprise intention, of more than
$360million, to take over struggling leisure and sports
retailer Kathmandu, with an offer of cash and script to be
made to all shareholders.
Retailer Smiths City Group used an $8.5 million insurance
payout to substantially boost its reported profit for the
year ended April 30.
Alliance Group shareholders are now seeking the same support
as a group of Silver Fern Farms shareholders in a bid to get
an analysis of the potential benefits and risks of a merger.
The ongoing Greek debt crisis could mean further official
cash rate cuts for New Zealand in the short term, with the
first coming later this month.
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