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Comvita turns to FY operating profit

Article – BusinessDesk

Aug. 21 (BusinessDesk) – Comvita, the worst performer on New Zealand’s benchmark index this year following two poor honey harvests, turned to a full-year operating profit from a loss a year earlier and said it has a positive outlook for the current … Read more »

SeaDragon asks shareholders to pay 10% premium

Article – BusinessDesk

Aug. 21 (BusinessDesk) – SeaDragon is calling on its shareholders to pay a 10 percent premium to participate in a $14.9 million pro-rata renounceable offer to help struggling fish oil manufacturer remain afloat. Read more »

Mercury delivers record earnings on high inflows, production

Article – BusinessDesk

Aug. 21 (BusinessDesk) – Mercury NZ reported a record $561 million in operating earnings on the back of record generation and high wholesale power prices. Read more »

NZ dollar drifts higher as Trump bemoans rate hikes

Article – BusinessDesk

Aug. 21 (BusinessDesk) – The New Zealand dollar drifted higher in quiet trading as investors latched on to reports US President Donald Trump complained of the Federal Reserve’s interest rate hikes. Read more »

MARKET CLOSE: NZ shares at record

Article – BusinessDesk

MARKET CLOSE: NZ shares at record as Skycity, Fisher & Paykel Health rally By Sophie Boot Read more »

NZ dollar edges lower

Article – BusinessDesk

NZ dollar edges lower as ANZ Bank sees heightened chance for rate cut By Rebecca Howard Read more »

CORRECT: Taranaki block offer timetable slips

Article – BusinessDesk

Aug. 20 (BusinessDesk) – The timetable for offering new onshore exploration acreage appears to be slipping as the government looks at ways to protect itself from potential legal challenges. Read more »

Bathurst ordered to pay L&M US$40M, plans appeal

Article – BusinessDesk

Aug. 20 (BusinessDesk) – Bathurst Resources has been ordered to pay a US$40 million performance payment on coal production from its Buller operations. Read more »

Taranaki block offer timetable slips

Article – BusinessDesk

Aug. 20 (BusinessDesk) – The timetable for offering new onshore exploration acreage appears to be slipping as the government looks at ways to protect itself from potential legal challenges. Read more »

Animates joint owner Greencross continues push into NZ

Article – BusinessDesk

Aug. 20 (BusinessDesk) – Animates owner Greencross continued to open new instore vet clinics on this side of the Tasman, helping drive sales growth for the Australian pet care firm, albeit at skinnier margins. Read more »

Countdown sees faster price deflation in 4th qtr

Article – BusinessDesk

Aug. 20 (BusinessDesk) – Woolworths Group’s Countdown chain of supermarkets in New Zealand says grocery prices fell at an even faster pace in the fourth quarter, although growing demand for online sales helped boost annual revenue. Read more »

Nib NZ’s earnings +3.8% as it focuses on innovation

Article – BusinessDesk

Aug. 20 (BusinessDesk) – Nib Holdings New Zealand reported a 3.8 percent lift in earnings as it stepped up its focus on innovation and customer experience but the outlook for both New Zealand and Australia was guarded. Read more »