Export focus for Rua Bioscience

24.3.23 Rua Bioscience is to cease local GMP manufacturing and accelerate its global brand strategy and building its export product pipeline. . Working with manufacturing partners, Rua expects New Zealand patients will ultimately benefit from a wider range of...
Half-year profit plunge for The Warehouse

Half-year profit plunge for The Warehouse

23.3.23 A combination of rising costs and trimmed margins has been a tough mixture for The Warehouse Group in the January 29 half-year. While group sales of $1.813 billion are up 4.8% compared to FY22 half year, the bottom line reported net profit dropped 60.9% to...
US Fed lifts interest rate

US Fed lifts interest rate

The US Federal Reserve’s Federal Open Markets Committee has stayed on course in its anti-inflation strategy – despite recent turmoil in the edges of the American banking sector - and raised the target range for the federal funds rate to 4-3/4 to 5% “Recent indicators...

Hotelier to purchase landmark in Brisbane

  22.3.23 The Sofitel Brisbane Central hotel holds a landmark location in the Queensland city and Millennium & Copthorne Hotels have committed to a NZ$189m deal that will fold it into the hotelier’s property portfolio. Millennium & Copthorne Hotels New...

GEO making rights and warrants issue

  Geo is proceeding with an offer to shareholders of New Shares and Warrants to raise up to $1.51 million. The offer will complete the capital raising plans we announced in November 2022, and comprises: • a one for four renounceable rights issue priced at $0.033...

Ripping half year for KMD Brands

22.3.23 The melding of three brilliant brands and the resurgence of the outdoor experience has propelled KMD Brands out of losses and upwards to a spectacular result for the six months ended 31 January 2023 1H FY23 key highlights (vs 1H FY22): Sales growth up 34.5% to...