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APN’s NZ shares plunge to record low on board exodus; ahead of ASX trading
Feb. 19 (BusinessDesk) - Shares in APN News & Media plunged to a record low in New Zealand trading after the media group's chief executive, chairman and three independent directors walked over strong-arm tactics by its two biggest shareholders to stop a capital raising. The sha...
Precinct first-half operating income falls 1.5 percent as costs rise
Feb. 19 (BusinessDesk) - Precinct Properties New Zealand, formerly known as AMP NZ Office, posted a 1.5 percent decline in first-half net operating income as costs rose and occupancy fell. It lifted its first-half dividend for the first time since 2008. Operating profit, which...
Comvita flags 15 percent fall in FY profit as expensive honey, supply shortages prompt downgrade
Feb. 19 (BusinessDesk) - Comvita, which produces health products from manuka honey and olive leaves, expects a 15 percent fall in annual profit because of expensive honey, supply shortages and tough trading conditions in the UK and Australia. The Te Puke-based company expects...
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