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Hamilton airport operator buys hotel out of receivership for $3 mln
By Paul McBeth Feb. 7 (BusinessDesk) - Waikato Regional Airport, which operates Hamilton airport, bought the Hamilton Airport Hotel and Conference Centre out of messy receivership for $3 million as it seeks to cut its reliance on regulated transport revenue. The airport o...
CBL expects credit downgrade as it seeks to raise capital after RBNZ, Irish central bank investigations
By Sophie Boot Feb. 7 (BusinessDesk) - CBL Corp is expecting a credit rating downgrade as it seeks to raise cash to deal with a mandated increase to its reserves from the Reserve Bank of New Zealand and Central Bank of Ireland. The announcement comes after CBL's statement o...
Seadragon shares gain on improved earnings outlook, capital needs
By Paul McBeth Feb. 7 (BusinessDesk) - Seadragon shares swam against the market today, rising on the company's forecast for earnings to improve in the current financial year with solid demand for its fish oil products. The shares rose 20 percent, or 0.1 cents, to 0.6 cents...
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