Pacific Edge shares drop 9.4% as slow sales progress bring cash burn in focus
By Rebecca Howard May 29 (BusinessDesk) - Pacific Edge shares fell 9.4 percent after the company stayed in the red and said commercial deals in the US were taking longer than expected, raising questions about whether its cash reserves are deep enough. "Things seem to be mo...
Bounty Fresh launches Tegel takeover with minimum target already achieved
By Rebecca Howard May 29 (BusinessDesk) - Philippines-based poultry group Bounty Fresh Foods has sent the offer document for its $437.8 million takeover bid for NZX-listed Tegel Group to all shareholders and said the minimum acceptance condition will be satisfied. The $1.2...
Govt creates taskforce to recommend changes to Holidays Act
By Rebecca Howard May 29 (BusinessDesk) - Workplace Relations and Safety Minister Iain Lees-Galloway has announced a new taskforce to recommend changes to the Holidays Act 2003 in a bid to unravel the legislation's complexity to cope with a fast-changing labour market. Lees...
Pacific Edge narrows FY loss by 13% on 7% lift in revenue
By Rebecca Howard May 29 (BusinessDesk) - Pacific Edge narrowed its full-year loss by 13 percent on improving revenue as more urologists and healthcare organizations adopt its Cxbladder cancer diagnostics tests. The Dunedin-based company reported a loss of $19.7 million in...
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