Listed Companies

Cavalier hangs onto spinners, sells manufacturing site

Brent Melville
Thu, 17 Sep 2020

Brent Melville
Thu, 17 Sep 2020
Cavalier Corp. has shelved plans to sell its Napier and Whanganui spinning sites after shareholders signed off on the sale and leaseback of its South Auckland manufacturing facility to Kinleith Land and Infrastructure for $24.6 million today. Chief executive Paul Alston said the firm had been comfortable with the return which would be used to extinguish debt and cover initial restructuring costs of about $1.5 million during the current financial year. In a disrupted online special meeting of shareholders, Alston said the shift back to nat...

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MARKET CLOSE: Profit taking pulls shares down
Dan Brunskill | Mon, 21 Sep 2020

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress.    The S&P/NZX 50 Index fell 94.42 points, or 0.8 percent, to 11,539.10. Within the index, 34 stocks fell, 11...

Power market trading rules 'unsatisfactory' - review
Gavin Evans | Mon, 21 Sep 2020

Spot electricity market trading conduct rules are flawed, legal experts say.

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Victoria Young | Mon, 21 Sep 2020

Former owner's behaviour "random and unhelpful," court told in Turner's car yard battle. 

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