Retail
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Comvita shares tumble as it says honey production season was poor overall
By Rebecca Howard May 6 (BusinessDesk) - Comvita shares fell 9.3 percent after it said honey production had been "poor overall" for the third season in a row and it now expects a net loss of around $6 million for the year. The shares recently traded at $3.80 and are down 1...
Briscoe warns accounting change and margin squeeze may knock profit
By Paul McBeth May 6 (BusinessDesk) - Briscoe Group says it may struggle to deliver another record profit as accounting rule changes reduce earnings already facing a squeeze from higher wages and increased costs. Accounting rule changes to how firms can treat leases reduce...
Primary Sector
Countdown March-qtr sales growth underpinned by produce, perishables
By Paul McBeth May 2 (BusinessDesk) - The Woolworths-owned Countdown supermarket chain lifted sales 3.2 percent in the March quarter, which the retailer put down to growth in fruit, vegetables and perishables. Sales across the 180 Countdown stores were $1.69 billion in the...
Moa says 2nd half trading loss narrowed on path to breaking even
By Paul McBeth May 2 (BusinessDesk) - Moa Group says it narrowed its trading loss in the second half of the financial year as it works towards breaking even after seven years of red ink since the beer brewer listed. The company said it's trading loss was $600,000 in the si...
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