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Cavalier warns on earnings again, shares fall 5.4%
By Pam Graham June 26 (BusinessDesk) – Shares of Cavalier Corp dropped after the carpet maker warned annual earnings will be lower than an already reduced forecast. The carpet maker said normalised profit after tax will be between $5 million and $6 million in the 12 months ...
BDO Spicers cuts $18.5 mln deal over Capital + Merchant claim
June 26 (BusinessDesk) – Audit firm BDO Spicers has agreed to an $18.5 million settlement of a claim against it from the liquidator of failed lender Capital + Merchant Finance. The agreement is a full and final settlement of claims relating to the audits of the company’s 2006...
UPDATE: Big deals bring big ships to New Zealand at last
(Updates with briefing) By Pam Graham June 26 (BusinessDesk) – A rare 10-year shipping contract will pave the way for global shipping line Maersk to bring 6,500 TEU container ships to New Zealand by the end of 2016, but they will initially call only in Tauranga. Kotahi,...
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