Steel & Tube to sell $80.9M of shares to repay debt and restructure business
By Tina Morrison Aug. 7 (BusinessDesk) - Steel & Tube Holdings, the steel supplier whose shares have lost almost a third of their value this year, plans to raise about $80.9 million to repay debt and strengthen its balance sheet as it restructures its business under new manage...
UPDATE: Wrightson shares jump 9.4% on plans to sell seeds unit for $439M; may distribute cash
(Adds share price reaction, broker comment) By Tina Morrison Aug. 6 (BusinessDesk) - Shares in PGG Wrightson jumped as much as 9.4 percent after the country's largest rural services business said it had agreed to sell its seed and grain business to Danish cooperative DLF Se...
NZ new vehicle sales post second-strongest July ever, on track for record year
By Tina Morrison Aug. 3 (BusinessDesk) - New Zealand new vehicle sales continued to accelerate in July, posting the second-strongest level of sales for the month. New vehicle registrations increased 6 percent to 12,324 in July from the same month a year earlier, marking the...
NZ farmer confidence falls to weakest level in 6 years due to government policies
By Tina Morrison Aug. 1 (BusinessDesk) - New Zealand farmer confidence has fallen to the lowest level in six years amid uncertainty over government policies. A net 39 percent of farmers surveyed were pessimistic about general economic conditions over the next 12 months, a d...
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