AFT narrows 1H loss as profit margin rises
By Jenny Ruth Nov. 22 (BusinessDesk) - AFT Pharmaceuticals narrowed its losses in the latest first half year and says it’s on track to return to profitability The Maxigesic painkiller manufacturer’s net loss for the six months ended September eased to $4.2 million from $6.9...
CORRECT: Energy Mad choice: 3% of PaySauce or 100% of nothing
(Fixes issue price for new shares in 6th paragraph in story that ran Wed Nov. 21) By Jenny Ruth Nov. 21 (BusinessDesk) - Energy Mad says it’s calling a special meeting for Dec. 6 to vote on the company’s future, including a reverse takeover by PaySauce valuing it at $10 mil...
Tax Working Group is unlikely to agree on a capital gains tax regime
By Jenny Ruth Nov. 21 (BusinessDesk) - The 11-member Tax Working Group is unlikely to be able to meet its key task of designing a capital gains tax because the group can’t agree on it, says former Inland Revenue deputy commissioner Robin Oliver. Those who read the group’s i...
UDPDATE: British private equity firm signals $2.54b takeover of Trade Me
(Updating to add some of Apax’s other investments in last paragraph; updates share price in 2nd paragraph.) By Jenny Ruth Nov. 21 (BusinessDesk) - Trade Me Group says British private equity firm Apax Partners has approached it with a non-binding indicative offer to take it...
Prev
