MARKET CLOSE: NZ shares gain as investors take stock in earnings season; Skellerup hits new highs
By Paul McBeth Aug. 17 (BusinessDesk) - New Zealand shares rose as investors took stock in a brief lull to the domestic corporate earnings season, with Skellerup Holdings extending yesterday's gain to break a new record. The S&P/NZX 50 index advanced 53.86 points, or 0.6 p...
Steel fabricator NDA back in the black on dairy, food recovery
By Paul McBeth Aug. 17 (BusinessDesk) - Kiwi steel fabrication firm NDA Group returned to profit in 2017 as a recovery in its key markets and an expanding footprint at home and abroad underpinned a 52 percent increase in sales. The Hamilton-based company reported a profit...
Brilliance International fined $540k over steel mesh representations
By Paul McBeth Aug. 17 (BusinessDesk) - Brilliance International has been fined $540,000 after pleading guilty to breaking fair trading law by claiming steel mesh met standards that it actually did not. In the Auckland District Court yesterday, Judge Robert Ronayne sentenc...
Tourism Holdings CFO Davis on medical leave until next month
By Paul McBeth Aug. 17 (BusinessDesk) - Tourism Holdings chief financial officer Mark Davis is on medical leave until next month and will miss an already delayed annual results announcement. Chief executive Grant Webster and financial controller Steven Hall will pick up Da...
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