Tegel owner refinances $268 mln of debt, lifts annual sales by 8.8%
By Jonathan Underhill Oct. 5 (BusinessDesk) - The parent company of Tegel Foods, New Zealand's largest poultry business, has refinanced $268 million of debt into new three-year bank loans, although its chief executive declined to take questions on whether the change would redu...
Snakk Media to raise up to $2.3M selling shares at discount to fund growth
Oct. 5 (BusinessDesk) - Snakk Media, the mobile advertisement developer, plans to raise up to $2.3 million selling shares at a discount to fund its growth plans and affirmed its intention to move its stock to the fledgling NXT market from the NZAX. Snakk is offering to raise $...
Cavalier group would extract 'monopoly rents' if scouring merger allowed, Godfrey Hirst says
By Jonathan Underhill Oct. 5 (BusinessDesk) - A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly that would use its market powers to hike prices as much as 25 percent, says carpet maker Godfrey...
NZ dollar gains against broadly weaker greenback after jobs report misses expectations
By Jonathan Underhill Oct. 5 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker greenback after soft US labour market data reduced expectations the Federal Reserve will rush to raise interest rates. The kiwi rose to 64.59 US cents as at 8am in Wellington,...
Prev
