Comvita shares fall 13% as 1H loss disappoints
By Rebecca Howard Feb. 26 (BusinessDesk) - Comvita shares fell 13 percent after the honey products maker swung to a first-half loss and its planned shift to more formal sales channels into China is taking longer than expected. Comvita said its net loss was $2.7 million in t...
NZ dollar benefits from strong data, trade optimism
By Rebecca Howard Feb. 26 (BusinessDesk) - The New Zealand dollar continues to benefit from strong retail sales data yesterday and positive headlines on the US-China trade tensions. The kiwi was trading at 68.81 US cents at 8am in Wellington from 68.63 at 5pm yesterday. Th...
Third male Queensland fruit fly found; no evidence of breeding population - MPI
By Rebecca Howard Feb. 25 (BusinessDesk) - Scores of biosecurity staff are fanning out over Auckland's North Shore checking hundreds of surveillance traps and inspecting fruit in search of the Queensland fruit fly. A third male has been detected but the Ministry for Primary...
Bounce back in kiwifruit harvest lifts Seeka's annual profit
By Rebecca Howard Feb. 25 (BusinessDesk) - Kiwifruit grower and marketer Seeka reported a 27 percent lift in full-year profit as the domestic harvest volume recovered from a lull in 2017. The Te Puke-based company reported net profit of $7.4 million in the year to Dec. 3...
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