A2 Milk forecasts FY revenue of $900M-$920M, says 2H margins held at 1H levels
By Jonathan Underhill May 16 (BusinessDesk) - A2 Milk Co forecast a surge in full-year sales and said its gross margin in the second half has stayed in line with its first half, as expected. Revenue in the 12 months ending June 30 is expected to be $900 million-to-$920 mill...
Fletcher raises $132M in retail entitlement offer, concludes USPP noteholder negotiations
By Jonathan Underhill May 15 (BusinessDesk) - Fletcher Building said it completed the retail component of its one-for-4.46 pro-rata entitlement offer, raising about $132 million and leaving a shortfall of about $97 million to be made up from the retail shortfall bookbuild....
NZX to raise up to $40M in subordinated notes to repay debt, provide corporate funding
By Jonathan Underhill May 15 (BusinessDesk) - NZX, New Zealand's securities market operator, plans to raise as much as $40 million via the sale of subordinated notes that mature in June 2033 to repay existing bank debt and for general corporate purposes. The interest rate i...
Infratil says it wouldn't approve Mercury move above 19.99% of Tilt
By Jonathan Underhill May 15 (BusinessDesk) - Infratil, the investment company that owns 50.8 percent of Tilt Renewables, says it wouldn't approve new shareholder Mercury NZ increasing its current 19.99 percent holding, having made its own offer for the stock. Yesterday Mer...
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