Foley Family Wines turns to first-half loss on Kaikoura quake costs, falling sales
By Sophie Boot March 1 (BusinessDesk) - Foley Family Wines, whose brands include Vavasour and Martinborough Vineyard, turned to a loss in its first half as it battled falling wine sales and the aftermath of last year's Kaikoura earthquake. The net loss of $323,000 in the si...
TeamTalk lifts 1H profit 18%, forecasts annual gain in face of Spark takeover attempt
By Sophie Boot March 1 (BusinessDesk) - Network provider TeamTalk, which is under a $22.7 million hostile takeover offer from Spark NZ, lifted first-half profit 18 percent, forecast annual profit and will consider resuming dividends next year. Net profit rose to $1.3 millio...
Methven posts 32% drop in 1H profit, maintains full-year guidance
By Sophie Boot March 1 (BusinessDesk) - Methven, the shower and tapware designer, posted a 32 percent drop in first-half profit after a major supplier in its biggest market Australia shut down, but says it's on track for a stronger second half. Net profit fell to $3.2 milli...
Minter Ellison invests $2M in artificial intelligence technology to replace lawyers
By Sophie Boot Feb. 28 (BusinessDesk) - Law firm MinterEllisonRuddWatts has invested $2 million in a joint venture exploring the potential use of artificial intelligence (AI) for legal services. Chief executive Mike Schubert, who is chair of the joint venture with angel inv...
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