News in Brief
News in Brief
Revolution Fibres raises $6 million
Auckland’s Revolution Fibres confirmed today it raised $6 million in a Series A funding round, led by technology investment firm Movac.The nanofibre company, founded in 2009, has developed technologies for the production of nanofibres for use in filtration, skincare, sound absorp...
Big Chill founder emerges as Moa backer
Big Chill founder Colin Neal has emerged as the new cornerstone investor in Moa Group, taking a 17.4 percent stake in a $2.5 million placement. Neal will also participate in a rights issue, taking up his full amount and offering to make up any shortfall. Since selling his stake i...
NZ businesses reeling, confidence shattered
Covid-19 has shattered business confidence with a net 61 percent of firms expecting lower activity in the year ahead in ANZ’s preliminary April data. The number was 34 points lower than the March read.Headline business confidence fell another 9 points to 73 percent of businesses...
Rakon to meet earnings guidance
Rakon expects to report underlying earnings before interest, tax, amortisation and depreciation of between $9 million and $11 million in the year ended March 31 once it completes its final accounting and audit, meeting earlier guidance.That’s despite uncertainty about its supply...
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