Jarden clips Aussie costs, sets up new NZ entities

Jarden clips Aussie costs, sets up new NZ entities
Dealmakers have been finding it tougher in recent times. (Image: Getty)
Paul McBeth
Jarden has been trimming its expense lines in Australia after another year of red ink, while also establishing new entities in New Zealand as the investment house enters a new phase with clearer lines between the investment banking and wealth divisions.The investment house lodged its Australian financial statements on June 30, reporting a loss of A$13.3 million (NZ$14.3m) in the 15 months ended March 31 on revenue of A$93.2m. Jarden Australia changed its balance date to match the NZ parent, having previously reported a loss of A$5.1m on revenue...

More Markets

Serko: a decade of ups and downs on the NZX
Markets

Serko: a decade of ups and downs on the NZX

The travel tech company that grew through covid.

Infratil's share offer to retailers looks fair
Markets

Infratil's share offer to retailers looks fair

The price and pro-rata offer make it a good opportunity, an analyst says.

NZX 50 ends the week down 1.5% in flurry of index reweighting
Markets Market close

NZX 50 ends the week down 1.5% in flurry of index reweighting

The S&P/NZX 50 index dropped 89.42 points, or 0.8%, to 11,682.39.

Paul McBeth 21 Jun 2024
KMD Brands guidance undershoots analysts' forecasts
Retail

KMD Brands guidance undershoots analysts' forecasts

Group sales between February and May have fallen 8.4% year-on-year.