Marlborough vineyards top Delegat to-do list

Marlborough vineyards top Delegat to-do list
Delegat has substantial land holdings in Marlborough. (Image: Deposit Photos)
Paul McBeth
Delegat Group is focusing this year’s capital investment on developing Marlborough vineyards as it pushes to grow global sales by 25% over the next three years.The winemaker expects to spend $29.7 million on capital investment in the year ending June, down from the $62.2m spent in the June 2021 year, as it plans to grow global case sales by 798,000 to hit 3.98 million in the 2024 year.“In the coming year, the main focus of capital development is vineyard development, particularly in Marlborough, where we have significant land holdin...

More Markets

NZX 50 dips despite Fletcher Building's 4.6% gain
Markets Market Close

NZX 50 dips despite Fletcher Building's 4.6% gain

Pacific Edge shares gained after it said it got a step closer to Medicare approval.

ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Trade Window looks to boost profile with ASX listing
Markets

Trade Window looks to boost profile with ASX listing

Trade Window is moving to broaden its investor base with a secondary listing in Australia.The Auckland-based trade software firm said on Monday that with its secondary listing, it was pursuing "the goal of increasing its profile among the broad pool of investors across the Tasman...

Banks revise economic outlooks for Q2 GDP contraction
Finance

Banks revise economic outlooks for Q2 GDP contraction

Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.