PaySauce completes capital raising
Services

PaySauce completes capital raising

PaySauce has completed the final instalment of its $5.8 million capital raising.The payroll software company today issued the remaining 1.65 million shares - two weeks earlier than expected - to bring another $560,000 into the business.Chair Nick Lewis said having an oversubscrib...

Staff reporters 15 May 2020
Freightways arranges extra $50m of funding
Services

Freightways arranges extra $50m of funding

Freightways has increased its banking facilities by $50 million to ensure the firm can cope with the weaker economy.Chief executive Mark Troughear said some facilities that had been set to mature in 2021 had also been extended by two years.Troughear said the firm had been nimble...

Staff reporters 14 May 2020
Abano raises earnings guidance
Services

Abano raises earnings guidance

Abano Healthcare Group said 2020 operating earnings may be up to $3 million higher than forecast as it starts to reopen dental practices.In New Zealand, restrictions have eased following the move to level 2 and in Australia the relaxation announced last week is now taking effect....

Staff reporters 14 May 2020
Bunnings to close seven stores; 145 jobs at stake
News in Brief

Bunnings to close seven stores; 145 jobs at stake

Wesfarmers-owned Bunnings New Zealand plans to close seven provincial stores across the country, affecting 145 jobs. The hardware chain is consulting with its staff and may be able to redeploy them elsewhere, it said. It plans to close the stores in Ashburton, Hornby, Hastings, C...

Staff reporters 12 May 2020