Listed Companies
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Retail
Rip Curl buy a done deal on Kathmandu proxies
Enough Kathmandu shareholders backed the $368 million acquisition of surf brand Rip Curl to approve the deal just on the number of proxy votes held by the board.The special meeting in Sydney was to ratify the deal, which will turn Kathmandu into a billion-dollar-revenue business...
Primary Sector
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Comvita chair Neil Craig is planning to step down after the honey products company appoints a new chief executive and probably before the end of the company's financial year next June.Craig confirmed that he told shareholders at Thursday's annual meeting both that he is planning...
Infrastructure
Mercury raises guidance on increased storage, high spot prices
Mercury NZ has raised its full-year earnings guidance by $25 million on the back of rising storage in its Waikato catchment and sustained high wholesale electricity prices.Storage in Lake Taupo has climbed steadily since May. It is at a 19-month high and about 20 percent above av...
Infrastructure
Eroad reports strong 3Q sales growth, eyes ASX listing
Eroad reported strong third-quarter sales growth but didn't pick up as many small to medium business customers as expected. It is also looking at a possible secondary listing on the ASX. The Auckland-based firm installs electronic distance recorders and tracking devices in road t...
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