Midday Business News for 16 August 2022

News from the business sector The electricity company Mercury Energy has posted a bumper profit boosted by a $367 million net gain on the sale of Tilt Renewables, as well as investment in new wind generation. Rural services company PGG Wrightson has an upbeat view of its business and the broad farming sector after it posted an improved full year profit. The Reserve Bank may have to get into a fight with financial markets as it tries to bring inflation back within its target range.