News in Brief

News in Brief

Xero restructures Asia Pacific as NZ MD leaves
Staff reporters | Fri, 05 Aug 2022

Xero is promoting Australian managing director Joseph Lyons to Asia Pacific managing director with three country managers reporting to him.

Briscoe Group says first-half margins squeezed
Staff reporters | Thu, 04 Aug 2022

The retailer said it would report a 4% decline in first-half profit but second quarter sales were up 3.5% at $191.7m.

Shopping Centre Investments lists on the USX
Staff reporters | Wed, 03 Aug 2022

The company owns and operates The Hub Hornby Shopping Centre in Christchurch.

A2 Milk trading halted after 8.6% spike
Rebecca Howard | Tue, 02 Aug 2022

Trading has been halted after a spike in the price. 

Share price drops – but Third Age is not the same firm
Staff reporters | Tue, 02 Aug 2022

The shares have dropped about 20% since Third Age Health Services sought to liquidate a company with a similar name.

Credit accounts in arrears up 14% in July on a year ago
Staff reporters | Tue, 02 Aug 2022

Business demand for credit was down 12% in July compared with July last year while mortgage applications were down 29%.

Plexure’s shares up 53% on McDonald’s contract renewal
Staff reporters | Mon, 01 Aug 2022

The mobile phone marketing company will continue to provide McDonald’s with its platform for a further five years.

Class action against ASB and ANZ wins 'opt out' status
Staff reporters | Mon, 01 Aug 2022

All customers who were affected will be included in the legal action, unless they specifically opt out of it.

Fletcher cleared to buy timber stores and manufacturing plant
Greg Hurrell | Fri, 29 Jul 2022

The Commerce Commission has cleared Fletcher Distribution to acquire six timber stores and a Hastings frame and truss plant

Pacific Edge to stay in trading halt while legal team assesses proposal
Dan Brunskill | Fri, 29 Jul 2022

Novitas provides government-sponsored healthcare in 11 US states and Washington DC, under the Medicare program.

Laybuy to cut jobs rather than raise capital
Riley Kennedy | Fri, 29 Jul 2022

The company expects to be profitable by the fourth quarter of the March 2023 year.

Cooks Coffee looks to secondary listing overseas
Riley Kennedy | Wed, 27 Jul 2022

With its business growing overseas, the company is eyeing up a UK listing.

NZX ponders ways to promote SPAC, dual-class share listings
Staff reporters | Wed, 27 Jul 2022

The NZX is seeking feedback on numerous proposals – including introducing special purpose acquisition companies (SPACs) and dual-class share structures.

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