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UPDATE: Methven books $2.7M after cancelling earn-out with Chinese factory owner
(Recasts with CEO comment) By Fiona Rotherham Aug. 25 (BusinessDesk) - Listed shower and tapware maker Methven booked a $2.7 million gain in its full-year net profit adjustments after cancelling an earnout agreement with the owner of the Chinese manufacturing facility it bo...
NZ insolvency practitioners face new licensing regime
By Paul McBeth Aug. 25 (BusinessDesk) - New Zealand's insolvency practitioners look likely to face a new licensing regime after a report to Commerce Minister Paul Goldsmith found that gaps in existing rules enable dishonesty and incompetence. The public has until Oct. 7 to...
Countdown FY earnings slip 3.7% on record revenue
By Pattrick Smellie Aug. 25 (BusinessDesk) - The Countdown supermarket chain posted a 3.7 percent drop in annual earnings due to a combination of food price deflation, competitive pressures and increased team-based performance payments as part of a customer service improvement...
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