Invert Robotics raises $6.4 mln from private investors, expands into Europe
By Sophie Boot Jan. 30 (BusinessDesk) - Christchurch-based robot maker Invert Robotics raised more than $6 million from private investors as it expands into Europe and branches out into other sectors. The company first raised $740,000 through crowdfunding platform Equitise...
Five Boroughs liquidation to leave IRD, staff, suppliers out of pocket
By Sophie Boot Jan. 30 (BusinessDesk) - The liquidator for popular Wellington eatery Five Boroughs says employees, the tax department and suppliers owed at least $444,000 will get shortchanged in the administration with a smaller-than-expected return from the residual assets. ...
Comvita will report 1H profit over $3M, confirms annual guidance on normal honey harvest
By Sophie Boot Jan. 30 (BusinessDesk) - Comvita expects to report a "significant turnaround" in its first-half results, with net profit over $3 million, and says it is tracking in line with its full-year guidance after good weather in December and January boosted the honey har...
FNZC lifts target price for Oceania Healthcare despite 'mixed interim result'
By Sophie Boot Jan. 29 (BusinessDesk) - First New Zealand Capital has increased its target price for Oceania Healthcare despite cutting its profit expectations after the company reported first-half earnings last week. On Thursday, the Auckland-based aged-care operator repor...
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