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Solid Energy gearing stuck about 70 percent unless coal prices recover
April 11 (BusinessDesk) – Solid Energy continues to forecast far higher levels of debt than sector peers and does not expect that to improve until international coal prices recover, Parliament’s commerce select committee says in a report on the troubled state-owned enterprise, p...
NZ food prices fall in March on cheaper cakes and candy
By Suze Metherell April 11 (BusinessDesk) – New Zealand food prices fell in March as cheaper cakes and candy drove a fall in grocery prices, and offset more expensive meat and produce. The food price index fell 0.3 percent in March following a 1 percent fall in February, acco...
Pacific Edge shares slump to five-month low as growth stocks remain under pressure
By Suze Metherell April 11 (BusinessDesk) – Pacific Edge shares slumped to a five-month low, as the local stock market joined a global sell-off amid concerns high-growth companies may struggle to convert sales into profits. Shares in the Dunedin-based bladder cancer text devel...
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