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Goodman Fielder 1H profit more than doubles on asset sales; revenue falls

Goodman Fielder, the biggest food company in Australia and New Zealand, said first-half earnings more than doubled on gains from asset sales while revenue fell with the rise of supermarket inhouse baking and grocery brands. Profit rose to A$51 million, or 2.6 cents a share, in the six months ended Dec. 31, from $21.5 million, or 1.4 cents, a year …

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Rakon cuts annual earnings guidance again, matching market expectations

Shares of Rakon tumbled about 24 percent to a record low after the former local tech darling cut its annual earnings guidance for the second time since December, blaming increasing price competition in the smart device market. best part time jobs The stock fell 9 cents to 29 cents, slicing about $17 million off its market value to $55.4 million. …

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Ring May 16 for Bill English’s 5th Budget

Finance Minister Bill English will present Budget 2013 on Thursday 16 May against a background of continued fiscal restraint. “This will be the National-led Government’s fifth Budget in what have been extremely challenging global economic times,” English  says. “It will continue to implement the Government’s programme to deliver a more competitive and faster-growing economy, more jobs and a return to fiscal …

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