UPDATE: Comvita shares climb as annual earnings beat guidance, outlook improves
(Recasts lede to include market reaction, adds comment from chief executive, analyst, updates share price) By Rebecca Howard Aug. 22 (BusinessDesk) - Comvita shares jumped 10 percent after the natural health products company beat full year guidance and said it expects to...
NZ dollar higher but rangebound ahead of Jackson Hole
Rebecca Howard Aug. 21 (BusinessDesk) - The New Zealand dollar was slightly higher in a quiet start to the week as investors look ahead to a meeting of the world's central bankers in Jackson Hole, Wyoming later this week. The kiwi traded at 73.16 US cents as at 5pm in Wel...
FMA expects to reach settlement with Prince and Partners Trustee Co shortly
By Rebecca Howard Aug. 21 (BusinessDesk) - The Financial Markets Authority expects to shortly reach a settlement with Prince and Partners Trustee Co just as civil proceedings kick off in the Auckland High Court. "The parties have been in settlement discussions and the matte...
Nib's NZ earnings rise 36% in 2017 as OnePath acquisition makes full year contribution
By Rebecca Howard Aug. 21 (BusinessDesk) - Nib Holdings's New Zealand earnings rose 36 percent as the country's second biggest health insurer benefited from a full year's contribution of the OnePath business it bought in 2015. The ASX-listed company said underlying operat...
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