All News

Spencer family sells Cardlink to NYSE-listed FleetCor for undisclosed sum
By Paul McBeth May 2 (BusinessDesk) - The Spencer family, whose fortune was originally built on the Caxton paper empire, has sold its CardLink Systems fuel card programme to New York Stock Exchange-listed FleetCor Technologies for an undisclosed sum. Norcross, Georgia-based Fl...

Skellerup cuts annual earnings forecast as drought hits agri business
May 2 (BusinessDesk) - Skellerup, the industrial rubber goods maker, has cut its annual earnings guidance for a second time after the drought across the North Island sapped demand at its agri business as farmers put off buying until next season. The Auckland-based company expe...

NZ dollar sinks as weak US jobs data saps global risk sentiment, dairy prices fall in Fonterra auction
By Paul McBeth May 2 (BusinessDesk) - The New Zealand dollar dropped by more than half a US cent as weaker than expected private payrolls figures in the US eroded investors' appetite for higher yielding assets. The kiwi may extend its decline after dairy prices sank in the lates...