The sharemarket rose as investors look forward to a brighter horizon for travel, said Greg Smith, head of research at Fat Prophets. “Potentially by the end of this year the international gates are going to be open,” he said.
Another Crown Resorts director steps down as NSW regulator flexes muscle
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VIEWS
John Poynton has become the fifth Crown Resorts director to step down in less than a month as the company’s boardroom makeover continues in the wake of the recent Bergin Report.
Crown announced Monday morning that Poynton, who had previously resisted calls to step aside, had agreed to make way following pressure from the NSW Independent Liquor and Gaming Authority (ILGA). The Authority had questioned Poynton’s independence from majority shareholder James Packer given his former role as a consultant to Packer’s Consolidated Press Holdings.
“The ILGA has advised Crown that it considers it appropriate that John step down as a director of all companies within the Crown group, due to a perceived lack of independence arising out of his past relationship with Mr James Packer and CPH, notwithstanding the recent termination of John’s consultancy arrangement with CPH,” said Executive Chairman
Jarden Brief: Figures show which cars Kiwis bought in February
3 Mar, 2021 08:28 PM
6 minutes to read
Kiwis bought 787 Toyota Hilux utes in February. Photo / Supplied
NZ Herald
Jarden
New Zealand: The NZX 50 ended the day up 0.1 per cent. The financial sector was the best performer, up 2.3 per cent, followed by the consumer cyclicals sector, up 1 per cent. Technology was the worst performing sector down 0.5 per cent.
The top performer yesterday was Genesis Energy up 2.7 per cent. Skycity Entertainment Group had the second biggest increase up 2.6 per cent, followed by electricity and gas distributor, Vector, up 2.5 per cent.
Sanford lost some of its gains from Tuesday down 3.4 per cent and the worst performer of the day. Spark was down 1.4 per cent as was infrastructure investment company, Infratil.
Grant was denied parole in her first appearance in September but reappeared before the parole board on February 3. The parole board report states it was made clear that the main cause of Grant’s offending was greed. The Board took into account a variety of information before it including oral submissions by counsel, a board report and a full psychological report. While in prison Grant was described as consistently positive, she attended the Kowhiritanga Programme, which targets the attitudes and behaviours that contributed to their offending and teaches skills and new ways of thinking. The Board noted that Grant has paid reparation in full to both Waikato Diocesan and SkyCity.
Company results so far: Positive signs as Covid recovery kicks in
22 Feb, 2021 11:00 PM
6 minutes to read
Skellerup s share price is up over 100 per cent over the 52 weeks to Feb 23. Photo / Supplied
Skellerup s share price is up over 100 per cent over the 52 weeks to Feb 23. Photo / Supplied
NZ Herald
Retirement village owner-operator
Summerset Group pushed up its bottom line profit 32 per cent but underlying profit fell 7 per cent when the company spent more during the pandemic. Net profit after tax, which includes unrealised property revaluations, rose 32 per cent to $230.8 million for the year to December 31 but full-year underlying profit was $98.3m. The net uplift was driven by major revaluation rises of $221.1m.