Two agribusiness companies, Seeka and PGG Wrightson, have raised their forecast earnings for the year, with Seeka expecting profits between $21 million to $25 million, compared to a loss last year, and PGG Wrightson forecasting EBITDA of $51 million. Seeka attributes its improved forecast to strategy, fruit quality, and efficiencies, leading to a dividend declaration of 10c/share. Despite challenging market conditions in the rural sector, positive indicators are emerging, with confidence returning to the dairy sector and a quicker restoration of dividends for Seeka’s shareholders.
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Why our biggest power companies should be broken up (and why they shouldn’t) – Power to the People, part 4
As New Zealand households face rising electricity costs, the New Zealand Herald's Power to the People campaign suggests reforms like best-price promises and abolishing disconnection fees, though critics argue that deeper market changes are needed. Former energy minister Simon Bridges highlights the dominance of four companies—Mercury, Contact, Genesis, and Meridian—that control 85% of the market and made daily profits of $7.8 million last year. Want More Context? 🔎
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