Comvita shares tumble as it says honey production season was poor overall

Comvita shares tumble as it says honey production season was poor overall
Rebecca Howard
By Rebecca Howard May 6 (BusinessDesk) - Comvita shares fell 9.3 percent after it said honey production had been "poor overall" for the third season in a row and it now expects a net loss of around $6 million for the year.  The shares recently traded at $3.80 and are down 14 percent so far this year. In late May 2016, the stock was trading at $13. "Even though production per hive for Comvita was higher than the previous year, it was a poor production season overall. This has been put down to poor weather patterns but we also believe th...

More Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Liquidators investigate sale of three Pizza Hut stores
Retail

Liquidators investigate sale of three Pizza Hut stores

Maloita sold three Wellington Pizza Hut stores prior to its liquidation.

John Anthony 05 Jul 2024
Laybuy receivers considering offers
Retail

Laybuy receivers considering offers

About 10,000 merchants had signed up to the buy-now pay-later service.

John Anthony 05 Jul 2024
Foodstuffs alleges defamation over merger opinion piece
Retail

Foodstuffs alleges defamation over merger opinion piece

Chapman Tripp lawyers sent letters to the University of Auckland and Stuff.

Gregor Thompson 03 Jul 2024