Scott Technology shareholders vote overwhelmingly in favour of JBS deal
By Paul McBeth Nov. 26 (BusinessDesk) - Scott Technology shareholders overwhelmingly backed a deal handing control of the robotics manufacturer to Brazilian meat processor JBS. Some 97 percent of voting shares were in favour of a scheme of arrangement between Scott and JBS...
NZ dollar gains vs. Australian dollar after mining investment slumps across the Tasman
By Paul McBeth Nov. 26 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after figures showed Australian mining investment slumped in the third quarter, reigniting speculation the central bank may have to cut interest rates again. The kiwi...
Pumpkin Patch affirms guidance for weaker 2016 earnings, shares drop
By Paul McBeth Nov. 26 (BusinessDesk) - Shares of Pumpkin Patch fell 12 percent after the children's clothing chain affirmed guidance for weaker earnings in the current financial year, and is driving to restore earnings growth over the next three years. Managing director L...
Energy Mad nearly halves first-half loss by slashing staff costs, sales commissions and fees
By Paul McBeth Nov. 26 (BusinessDesk) - Energy Mad, the unprofitable lightbulb maker which counts NZX's SuperLife as its biggest shareholder, almost halved its first-half loss, after slashing staff costs and winding back sales commissions and other external fees. The net l...
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