Summerset Group to sell $100m of six-year retail bonds
By Rebecca Howard May 30 (BusinessDesk) - Summerset Group announced a retail bond offer of $75 million with the ability to accept up to $25 million in over-subscriptions. The six-year fixed-rate bonds maturing July 11, 2023, have been offered to New Zealand institutional an...
Moa Group narrows its FY17 loss as revenue continues to lift
By Rebecca Howard May 30 (BusinessDesk) - Moa Group, the Marlborough-based brewer, reported a slightly narrower full year net loss as revenue lifted 26 percent and gross margin improved. The loss was $2.4 million in the 12 months ended March 31 versus a loss of $3 million ...
ERoad reports wider FY17 net loss but slightly better than forecast
By Rebecca Howard May 30 (BusinessDesk) - ERoad reported a wider net loss in the 2017 financial year driven by US investment and changes to the way it amortises development costs, although the result was slightly ahead of its forecast. The Auckland-based company reported a...
MARKET CLOSE: NZ shares fall in light holiday trading, weighed on by ANZ, Westpac
By Rebecca Howard May 29 (BusinessDesk) - New Zealand shares fell in quiet holiday trading as dual-listed banking stocks Australia and New Zealand Banking Group and Westpac Banking Corp weighed on the local market, while positive earnings spurred some buying interest in stocks...
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