Delegat shares jump as investors see upside to record sales
Delegat Group shares jumped as investors predict the winemaker played down its outlook after reporting a record first-half result. The New Zealand winemaker reported an operating profit of $34.4 million in the six months ended Dec. 31, up from $31.4 million a year earlier, as...
Gentrack CEO resigns days before AGM
Gentrack Group has announced the departure of chief executive, Ian Black, just three days before its annual general meeting and without explanation.However, the announcement follows a string of downgrades and missed forecasts dating back to the company's listing in mid-2014, alth...
MARKET CLOSE: NZ shares edge higher as earnings season rewards investors
New Zealand shares edged higher today, rounding out the second week of major earnings with a 2 percent weekly gain. The S&P/NZX 50 Index increased 8.48 points, or 0.07 percent, to 12,073.34. Within the index, 17 stocks gained, 30 fell, and three were unchanged. Turnover was $1...
Skellerup seeks US manufacturing to side-step tariffs
Skellerup Holdings chief executive David Mair heads to the US next month on the hunt for a manufacturing business to side-step increased costs from tariffs imposed on imports from China.Mair told BusinessDesk he was “looking hard” for a manufacturing business worth between $30 mi...
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