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Rakon to shut UK plant in cost cutting drive, flags wider full-year loss
By Suze Metherell Jan. 16 (BusinessDesk) – Rakon, whose shares have halved in the past year, plans to close its UK factory as soon as this year, taking a provision that would widen its full-year loss. The maker of quartz crystals used in navigation systems and smart phones has...
Hallenstein says first-half profit top drop 39 percent after weaker December sales
Jan. 16 (BusinessDesk) – Hallenstein Glasson Holdings, whose shares have shed 21 percent in the past 12 months, said first-half profit will fall about 39 percent, a bigger drop than it flagged in November, after a decline in sales during December. Sales in December were down ab...
NZ dollar touches 8-year high vs. Aust. dollar before jobs data across the Tasman
By Paul McBeth Jan. 16 (BusinessDesk) - The New Zealand dollar touched an eight-year against its trans-Tasman counterpart ahead of Australia employment figures, which will give investors another update on how that economy is tracking. The kiwi rose as high as 93.96 Australian...
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