Chair David Kirk says combining multiple surf brands that directly compete with each other ‘is not a strategy that has proven effective’.
Details of discounted placement and rights issue come with record half-year profit.
Exporters A2 Milk and Sanford were the top gainers with the kiwi on track for its worst week since November.
Commercial returns from Arrowtown's Ayrburn precinct helped trim the net loss after tax to under $1 million.
The result came after the collapse of merger talks with rival Glencore, but there is still a chance a deal could be struck.
Auckland Airport gained momentum through the day.
The company is continuing its rapid transition from a property company to a key player in the digital economy.
The company is predicting a marginal increase in profit in for the full year as airline capacity remains below pre-Covid levels.
The introduction of mandatory carded play takes a bite out of the casino operator’s half-year results.
Spark declared an 8 cent dividend for the first half, down from 12.5 cents in February 2025. Will shareholders need to get used to this new normal?