New Zealand's biggest listed business, Fletcher Building, has
just reported net earnings of $339 million for the June 2014
year, up on last year's $326 million.
Mighty River Power will pay an increased dividend of 13.5
cents a share after this morning reporting a sharp increase
in operating earnings and a $97 million lift in full year
profit to $212 million.
Finance Minister Bill English goes into the election campaign
with his money management credentials intact but only just
because there are warning signs his prized surplus is in
danger of disappearing.
The Treasury's pre-election fiscal update turned into a
slanging match between politicians yesterday as Finance
Minister Bill English defended his economic strategy.
The Environmental Protection Authority (EPA) has been
criticised by marine consent applicant Chatham Rock
Phosphate, for releasing a staff report on its application.
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