Comvita shares slump 11% as honey products maker tips 1H loss
By Fiona Rotherham Oct. 26 (BusinessDesk) - Comvita shares dropped after the manuka honey and health products maker warned a first-half loss was on the cards, which chief executive Scott Coulter described as a “blip”. The company today told shareholders at its annual meetin...
Skellerup projects 2017 profit to rise as much as 7%, heightens focus on water and food safety
By Paul McBeth Oct. 26 (BusinessDesk) - Skellerup Holdings expects annual profit to rise as much as 7 percent, recovering from last year's decline, as the industrial rubber goods maker puts greater emphasis on potable water applications and food safety. The Auckland-based...
Pumpkin Patch tipped into receivership, appoints adminstrators
By Paul McBeth Oct. 26 (BusinessDesk) - Children's clothing retailer Pumpkin Patch has been tipped into receivership by its lenders and appointed voluntary administrators after failing to reinvent itself in the face of shrinking sales and too much debt. Auckland-based Pumpk...
NZ gets thumbs up on tax as it tops World Bank ease of doing business report
By Paul McBeth Oct. 26 (BusinessDesk) - New Zealand has been ranked the easiest country in the world for doing business in the World Bank's 2017 Doing Business report, getting kudos for tax changes that dropped cheque duties and lowered Accident Compensation Corp levies. T...
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