Midday Report

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Midday News for 28 August 2015

12:00 PM. John Key acknowledges the link between children in state care and crime rates and moves are afoot to take Canterury's economic reliance off the rebuild.

Mighty River Power profit hit by record low hydro generation

12:17 PM. Mighty River Power's full year net profit has tumbled 78 percent, due to in part to record-low hydro generation, although strong cash flows means it's increasing its full year dividend payout by half.

New Zealand Post lifts its annual profit

12:18 PM. Kiwibank has made a significant contribution to New Zealand Post, as the company's mail and logistics business struggles to break even.

Kiwibank lifts profit

12:20 PM. Kiwibank has lifted its full-year profit, thanks to higher mortgage lending.

Vector lifts earnings

12:21 PM. The Auckland based network company, Vector, has lifted its underlying earnings due to growth in Auckland and the expansion of its smart metering business.

Fliway profit falls due to one-time listing costs

12:22 PM. The transport and courier company, Fliway, has reported a drop in profit, due to the costs of listing on the stock exchange.

Vista Group's first half profit more than doubles

12:24 PM. Vista Group International's first half profit is more than double the year earlier, due to the expansion of its business and improved operating performance.

Midday Markets for 28 August 2015

12:24 PM. For the latest from the markets we're joined by James Malden at Macquarie Private Wealth

Midday Sports News for 28 August 2015

12:26 PM. The New Zealand golfer, Danny Lee, has produced another impressive first round on the PGA Tour, shooting a four under 66 at The Barclays tournament in New Jersey.

Midday Rural News for 28 August 2015

12:35 PM. News from the rural and farming sectors.