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Crowd-funding craft brewer gets to $700k target early
By Pattrick Smellie Aug. 24 (BusinessDesk) - Blenheim boutique beer brewer, Renaissance, has wooed small investors to fill its order for $700,000 of new capital in just a week and a half, a quarter of the time the novel offer was open for punters to commit funds. Offered on...
Cavalier's annual profit falls 13 percent, signals "modest increase" in 2015 earnings
By Suze Metherell Aug. 22 (BusinessDesk) - Cavalier Corp, the listed carpet maker, posted a 13 percent drop in earnings last year, as a high currency crimped export sales and margins were squeezed by rising wool prices and increased rivalry. Profit fell to $5.8 million in t...
MARKET CLOSE: NZ shares rise; Sky TV gains on earnings, Tower leads on capital gain
By Suze Metherell Aug. 22 (BusinessDesk) - New Zealand shares rose for the fourth consecutive day as reporting season gave investors confidence in the market. Sky Network Television advanced after beating analysts' expectations for annual profit. Tower rose to a year-high afte...
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