Steel & Tube 2017 earnings will be up to 15% lower, company warns
By Sophie Boot July 7 (BusinessDesk) - Steel & Tube has issued a profit warning after a challenging second half and increased competition in the market. The company had previously said full-year earnings before interest and tax (ebit) in 2017 would be consistent with 2016,...
MARKET CLOSE: NZ shares up, Comvita and Contact Energy gain while Arvida, Metro Glass fall
By Sophie Boot July 6 (BusinessDesk) - New Zealand shares rose, led by Comvita and Contact Energy, while Arvida and Metro Performance Glass dropped. The S&P/NZX50 Index gained 33.94 points, or 0.4 percent, to 7,62961. Within the index, 24 stocks rose, 14 fell and 12 were un...
Independent Liquor back in black on fatter margins in face of shrinking sales
By Sophie Boot July 6 (BusinessDesk) - Independent Liquor NZ, which owns alcohol brands such as Woodstock Bourbon and Boundary Road beer, returned to profit in 2016 as the country's biggest RTD maker fattened its margins and slashed its marketing spend in the face of shrinking...
MARKET CLOSE: NZ shares down led by Spark; Xero, ERoad, Tegel rise
By Sophie Boot July 5 (BusinessDesk) - New Zealand shares dropped with North Korean tensions spooking investors as the US Independence Day holiday left markets lacking direction. Spark New Zealand and A2 Milk Co fell while Xero and ERoad gained. The S&P/NZX 50 Index decline...
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