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NZ business confidence slips in December, continuing monthly ‘see-saw’
Dec. 20 (BusinessDesk) - New Zealand business confidence fell this month, while holding at reasonably upbeat levels, continuing a monthly see-saw in the sentiment in an economy that’s only recording tepid growth. A net 23 percent of respondents in the ANZ Bank Business Outlook e...
Meridian sells Energy for Industry unit to Pioneer for more than $50M
Dec. 20 (BusinessDesk) – State-owned Meridian Energy sold its Energy for Industry subsidiary to Central Otago-based Pioneer Generation in a transaction worth more than $50 million. Energy for Industry, which was established in 2000, provides energy management services to compan...
Rakon cuts full-year guidance on delayed sales, thinner consumer margins
Dec. 20 (BusinessDesk) – Rakon, which makes crystal oscillators used in mobile phones and navigation systems, cut its full-year earnings guidance because of sales delays and thinner margins. Earnings before interest, tax, depreciation and amortisation would be $8 million to $12...
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