SkyCity is pushing forward with a new capital raise, after confirming a significant drop in profit.

Underlying profit's plummeted 42 percent, according to new reports.

Costs have also been rising, particularly for regulatory compliance, online gaming, and the soon-to-open Auckland convention centre.

SkyCity CEO Jason Walbridge says he believes they're acting in the best interests of the company - despite the concerns.

LISTEN ABOVE

SkyCity is pushing forward with a new capital raise, after confirming a significant drop in profit.
Underlying profit's plummeted 42 percent, according to new reports.
Costs have also been rising, particularly for regulatory compliance, online gaming, and the soon-to-open Auckland convention centre.
SkyCity CEO Jason Walbridge says he believes they're acting in the best interests of the company - despite the concerns.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jason Walbridge: SkyCity CEO on the company's 42 percent profit drop

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/67dc2c59-4230-4ecf-95cb-b34000737e98/transcript

It's now a waiting game to see if UK police take legal action against David Walliams amid allegations he used his celebrity status to pursue teenage girls for sex.

The comedian and author tried to gain an injunction against ITV News and the Guardian, ahead of them reporting the allegations of sexual misconduct and potential criminal activity. 

UK correspondent Gavin Grey says it's unknown if charges will be filed at this stage.

LISTEN ABOVE

It's now a waiting game to see if UK police take legal action against David Walliams amid allegations he used his celebrity status to pursue teenage girls for sex.
The comedian and author tried to gain an injunction against ITV News and the Guardian, ahead of them reporting the allegations of sexual misconduct and potential criminal activity.&nbsp;
UK correspondent Gavin Grey says it's unknown if charges will be filed at this stage.
LISTEN ABOVE

Gavin Grey: UK correspondent on whether UK police will investigate David Walliams allegations

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5bc81332-b46d-48e2-98de-b4ff00749036/transcript

Westpac is taking steps to limit lending against 'risky' properties, particularly those in flooding and slip-prone areas.

This means customers will not be able to borrow as much as they wish to buy property that is particularly exposed to natural hazards in order to cut down on risks.

NZ Herald Wellington business editor Jenee Tibshraeny explains further.

LISTEN ABOVE

Westpac is taking steps to limit lending against 'risky' properties, particularly those in flooding and slip-prone areas.
This means customers will not be able to borrow as much as they wish to buy property that is particularly exposed to natural hazards in order to cut down on risks.
NZ Herald Wellington business editor Jenee Tibshraeny explains further.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on Westpac looking to limit lending against flood and slip-prone properties

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9f43a1cb-6235-4dac-9b7b-b4ff00728063/transcript

Inflation is starting to run hot in the US, and it's got experts speculating about the future.

The ongoing Iran conflict has contributed to a spike in fuel prices, which has inspired sell-offs in the bond markets.

Milford Asset Management expert Jeremy Hutton explained further.

LISTEN ABOVE

Inflation is starting to run hot in the US, and it's got experts speculating about the future.
The ongoing Iran conflict has contributed to a spike in fuel prices, which has inspired sell-offs in the bond markets.
Milford Asset Management expert Jeremy Hutton explained further.
LISTEN ABOVE

Jeremy Hutton: Milford Asset Management expert on the market reactions to latest US inflation print

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9af8ac7b-2b2e-4ba5-868a-b4ff0070c2ce/transcript

Jason Walbridge: SkyCity CEO on the company's 42 percent profit drop

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