UPDATE: A2 shares soar to record after earnings upgrade on infant formula demand
(Recasts with share price, adds investor comment throughout) By Tina Morrison Dec. 18 (BusinessDesk) - Shares of A2 Milk Co soared to a record after the milk marketer raised its annual earnings forecast on strong demand for its a2 Platinum-branded infant formula, giving inv...
NZ dollar declines on greenback strength following Fed rate hike
By Tina Morrison Dec. 18 (BusinessDesk) - The New Zealand dollar declined amid greenback strength after the Federal Reserve raised interest rates and kept its outlook for further hikes next year intact. The kiwi fell to 67.03 US cents at 8am in Wellington, from 67.25 cents...
Solution Dynamics lifts profit forecast; shares jump to a record
By Tina Morrison Dec. 17 (BusinessDesk) - Solution Dynamics, the NZAX-listed software company, raised its forecast for annual profit following better-than-expected trading. Its shares jumped to a record. The Auckland-based company expects net profit of more than $850,000 in...
Restaurant Brands boosts Q3 sales 9.4% on KFC, Carl's Jr growth
By Tina Morrison Dec. 17 (BusinessDesk) - Restaurant Brands lifted third quarter sales 9.4 percent, ahead of the year earlier's 6.4 percent pace, as New Zealand's biggest fast food operator benefited from increased revenue at its largest KFC fried chicken business and expansio...
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