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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...
CORRECT NZ growth to hang on construction sector in 2013 as recovery slows
(Fixes pace of construction growth in 2nd graph) By Paul McBeth Dec. 20 (BusinessDesk) - New Zealand's economic recovery will increasingly lean on the reconstruction effort in Canterbury and a bubbling Auckland property market next year as figures show growth slowed through th...
Sam Morgan trims holding in Xero to below 5 percent as stock charts record highs
Dec. 20 (BusinessDesk) – Sam Morgan, who made his fortune when Trade Me was sold to Fairfax Media, has trimmed his holding in Xero, taking advantage of a share price that has soared by 179 percent this year. Morgan, a director of Xero, sold 1 million shares at $7.40 apiece in a...
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