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Delegat's FY profit falls 22 percent on lower harvest, drop in sales
By Hannah Lynch Aug. 29 (BusinessDesk) - Winemaker Delegat's Group's full year profit fell 22 percent after higher rainfall and cooler than usual growing conditions resulted in a lower harvest and drop in sales. Profit decreased to $25.5 million in the 12 months ended June 30...
Wellington Drive says profit in 2013 ‘challenging’, seeks funding partner
Aug. 29 (BusinessDesk) - Wellington Drive Technologies, which makes energy-efficient motors, narrowed its first-half loss and said achieving a profit in 2013, its first since listing in 2001, will be “challenging” given the weak outlook for Europe The Auckland-based company had...
NZ dollar falls to 2 12-month low vs euro after EU hints at Spanish rescue
By Hannah Lynch Aug. 29 (BusinessDesk) - The New Zealand dollar fell to a two and a half month low against the euro after European Union President Herman Van Rompuy said the region’s rescue fund is ready for rapid action to aid Spanish banks. The New Zealand dollar fell to 63.9...
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