Listed Companies
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Retail
Michael Hill may spend A$25m on staff underpayments; June-qtr sales flat
By Margreet Dietz July 11 (BusinessDesk) - Michael Hill International said an initial review of its Australian retail employment contracts and rostering practices showed non-compliance with some industry requirements over the past six financial years and may cost the jewellery...
Infrastructure
Eroad says June-qtr sales up 6%, North America strong
By Rebecca Howard July 11 (BusinessDesk) - Logistics and fleet management technology company Eroad said sales grew 6 percent in the June quarter, with growth in North America particularly strong. The company said it had 102,202 units contracted at June 30, up from 96,390 un...
Services
Ike June-qtr revenue up 26%; earnings flat
By Rebecca Howard July 11 (BusinessDesk) - Utilities measurement specialist IkeGPS reported strong first-quarter revenue but earnings dipped. The company reported revenue of $2.4 million in the three months to June 30, up 26 percent from a year earlier. Its gross margin was...
Infrastructure
Infratil's Vodafone purchase cleared by Commerce Commission
By Rebecca Howard July 11 (BusinessDesk) - Infratil's plan to buy up to 50 percent of Vodafone New Zealand has been cleared by the Commerce Commission. Infratil and Brookfield Asset Management sought Commerce Commission approval for their $3.4 billion purchase of Vodafone G...
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