Comvita's amended statement on Olé sees 'multimillion dollar' removed from title

Comvita's amended statement on Olé sees 'multimillion dollar' removed from title
The honey exporter said it signed the long-term deal with Olé. (Image: Comvita)
Riley Kennedy
The market watchdog put Comvita into a trading halt this morning, which saw it remove “multimillion dollar” from the title of its announcement of a partnership with a Chinese supermarket chain.The honey exporter announced this morning that it signed the long-term deal with Olé – one of China’s largest premium retail chains with more than 100 stores across mainland China. The agreement, the company said, aimed to grow Comvita’s current revenue “significantly” with Olé over the next few...

More Markets

NZ sharemarket dips despite strong US, Australian gains
Markets Market Close

NZ sharemarket dips despite strong US, Australian gains

The S&P/NZX 50 Index closed down 25 points or 0.19%.

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs
Primary Sector

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $...

Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Why Promisia's promised land is Cromwell
Retail Small Cap Wrap

Why Promisia's promised land is Cromwell

Plus chicken and eggs with BlackPearl, Rua goes for gold in Reefton, and more.