Rua Bioscience supply contract on notice

Rua Bioscience has advised that Cann Group has given 12 months’ notice that it is terminating its existing supply contract with Rua Bioscience. In response to Cann’s decision, Rua Bioscience has engaged legal advice to consider options. Rua says in its NZX statement...

Turners cracks the indices

  S&P Dow Jones Indices have confirmed that Turners Automotive Group (NZX/ASX: TRA) will be added to the NZX 50 Portfolio Index and MidCap Index prior to the opening of trading on December 18. Chairman Grant Baker said “this is a major milestone for the...

Tower announces strategic review

4.12.23 Insurer Tower Limited advised this morning that it is undertaking a strategic review of its ownership structure. The purpose of the review – which is supported by 20% shareholder Bain Capital – is to explore options to maximise value for all Tower shareholders...

WasteCo half has expenses impact

1.12.23 Recently listed WasteCo has reported 1H24 revenue was up 22% to $20.8m. Other income and business acquisition gains of $1.7m took total income and revenue to $22.5m (1H23: $17.2m). A net loss of $1.1m (1H23: profit of $0.4m) was due in large part to one off...

Genesis outlines $1.1bn energy plan

30.11.23 Genesis Energy intends to use profits from the Kupe gas field to support a $1.1 billion programme to build new renewable generation and grid scale battery storage between now and 2030. As part of a strategy reset, Gen35, investment will be made into solar,...

Out-performance by Blackpearl

29.11.23 Blackpearl Group's financial performance since listing on NZX has been notable, with first half of FY24 subscription revenue reaching $1.5 million – a 163% increase. And Annual recurring Revenue, ARR, soaring to $4.6 million — a 221% year-on-year increase....