Tourism Holdings says it has resolved a banking covenants breach issue with its banks.

Tourism Holdings said it won't meet full-year profit guidance because forward bookings have been hit by the spate of floods and storms in Australia and softening tourism demand locally and in the UK.

Trading in Pike River Coal shares was suspended and trading in the shares of its biggest shareholder New Zealand Oil & Gas (NZOG) was halted yesterday as the investment community extended their sympathies and also waited for news.