Balex Marine, Snowball crowdfunder participant, sunk by high costs, slow sales
By Paul McBeth May 16 (BusinessDesk) - Balex Marine, the automatic boat loader maker, has been washed away after the high cost of manufacturing and slow sales saw the Tauranga-based company burn through the crowdfunded $330,000 it raised last October. BDO's Kenneth Brown a...
NZ dollar falls in tight range with subdued volatility measures as dairy auction looms
By Paul McBeth May 16 (BusinessDesk) - The New Zealand dollar fell while continuing to trade in a narrow range as investors brushed off heightened uncertainty around North Korea and the Trump administration in the US and push stocks on Wall Street to new highs. The kiwi tr...
Methven shares drop to 15-month low on profit warning
By Paul McBeth May 16 (BusinessDesk) - Methven shares fell to a 15-month low after the company said it expects annual profit will fall by as much as 15 percent after steady investment didn't deliver the anticipated growth for the listed shower and tapmaker. The Auckland-ba...
ASX-listed Cimic expects $82 mln of revenue from Tauranga's SH2 upgrade
By Paul McBeth May 16 (BusinessDesk) - ASX-listed Cimic Group subsidiary CPB Contractors will generate $82 million of revenue from the design and build of the State Highway 2 Baypark-to-Bayfair link upgrade in Tauranga. The company, formerly known as Leighton Holdings, was...
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