Ebos forecasts 10% lift in 2018 earnings after strong first quarter for healthcare, animal products
By Jonathan Underhill Oct. 17 (BusinessDesk) - Ebos Group, which posted a record profit in 2017 driven by acquisitions and sales growth, says earnings will rise about 10 percent in the current year after a strong first quarter for its healthcare and animal products divisions....
NZ dollar steady before inflation data as government talks keep it range-bound
By Jonathan Underhill Oct. 17 (BusinessDesk) - The New Zealand dollar was little changed ahead of figures expected to show inflation picked up in the third quarter, holding in a narrow trading range pending the outcome of talks to form the new government. The kiwi was tradi...
Bank of China NZ undeterred after offering 'premium' return in first NZD bond sale
By Jonathan Underhill Oct. 16 (BusinessDesk) - Bank of China New Zealand raised $150 million in its first NZ dollar bond sale and says having to offer a higher return than similarly rated local corporates hasn't put it off the local debt market. The lender, which has an A c...
Fisher Funds' Kingfish a late believer in Xero, sees ANZ profits
By Jonathan Underhill Oct. 16 (BusinessDesk) - Kingfish, a listed investment fund that targets New Zealand shares, has added Xero to its holdings because it is more confident in the unprofitable accounting software company's earnings in its biggest market, Australasia. "We...
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