Retail
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Retail
Genesis underlying profit up 16% on improved retail earnings
By Gavin Evans Aug. 28 (BusinessDesk) - Genesis Energy reported a 16 percent increase in underlying full-year profit, with improved retail earnings offsetting a flat performance from its generation arm and weaker oil production from its Kupe interests. The country’s biggest...
Retail
MARKET CLOSE: NZ shares recover; demand for yield boosts Meridian, Spark
By Paul McBeth Aug. 27 (BusinessDesk) - New Zealand shares recovered some of yesterday's decline as the demand for reliable income boosted yield stocks such as Meridian Energy and Spark New Zealand. Tourism Holdings gained after confirming annual profit beat guidance. The...
Retail
Cavalier says price, volume increases needed to meet bank covenants
By Rebecca Howard Aug. 27 (BusinessDesk) - Cavalier Corp says the business is at risk of breaching its banking covenants if it can't sell more carpet this year or achieve higher prices. The firm, which today confirmed a $16.8 million net loss after $6.8 million of write-dow...
Retail
Ebos opens Shanghai office after daigou crackdown
By Jenny Ruth Aug. 27 (BusinessDesk) - A crackdown on the daigou trade by Chinese authorities has prompted Ebos to establish a presence on the ground in China by opening an office in Shanghai. The office opened in May and currently employs 10 people. Ebos chief executive...
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