Supplements, skincare firm poised for reverse listing
By Paul McBeth | Wed, 11 Dec 2019
Early-stage supplements and skincare firm Me Today is poised to list next year through shell company CSM Group in a deal valuing the company at almost $5.6 million. NZX-listed CSM, formerly Orion...
Gloomy building, farming sectors weigh on new car sales
By Dan Brunskill | Wed, 04 Dec 2019
Uncertainty among builders and farmers weighed on sales of new commercial vehicles in November, which dropped 12 percent from the year earlier.Motor Industry Association figures showed there were 4,21...
Hallenstein sales up ahead of key Christmas period
By Victoria Young | Wed, 04 Dec 2019
Hallenstein Glasson Holdings said its clothing retail chains had traded strongly ahead of Christmas, with sales up by 7.1 percent on the corresponding period. However, despite the increased sales...
Consumer confidence perks up heading into silly season
By Paul McBeth | Fri, 29 Nov 2019
Consumers are increasingly comfortable with making big-ticket purchases as retailers prepare for the all-important Christmas season. The ANZ-Roy Morgan consumer confidence index rose for a second...
Savour spruces up Moa accounts with positive earnings
By Paul McBeth | Thu, 28 Nov 2019
The Savour Group hospitality chain added a bright sheen to Moa Group’s first-half result with positive operating earnings, albeit a little softer than the brewer had flagged earlier this year.Moa’s ho...
Turners sees opportunity as smaller dealers exit market
By Paul McBeth | Wed, 27 Nov 2019
Turners Automotive Group said small car dealers quitting the industry is an opportunity for the firm, which grabbed more market share in the half-year September. The integrated car dealer, financie...
Rugby World Cup promotions bolster retail sales
By Paul McBeth | Tue, 26 Nov 2019
Discounted sales of big-screen TVs in the run-up to the Rugby World Cup helped boost September-quarter retail spending more than three times as much as economists had expected. Seasonally adjuste...
Warehouse, Kathmandu AGMs upbeat affairs
By Jenny Ruth | Mon, 25 Nov 2019
Profit guidance upgrades, beating said upgrades and other positive recent news meant the annual shareholders' meetings of retailers Kathmandu and The Warehouse on Friday were mostly upbeat affairs....
A2 shares surge on stronger margin outlook
By Jenny Ruth | Tue, 19 Nov 2019
A2 Milk shares jumped 14.2 percent after it said it expects annual operating profit margin will be stronger than previously communicated and in the range of 29-30 percent.The shares jumped to $14.62 f...
Kiwi Property eyes apartments, funds management
By Jenny Ruth | Tue, 19 Nov 2019
Kiwi Property Group is investigating ways of branching out from its core business, including moving into funds management, as Stride Property has done, and building apartment complexes to rent.Over th...
Card spending stalls; dearer petrol crowds out other goods
By Paul McBeth | Mon, 11 Nov 2019
Spending on credit and debit cards fell for the first time in four months, with dearer petrol prices in October blamed for soaking up more of people's pay packets. Statistics New Zealand figures s...