Recent Posts

Seeka sees annual profit growth of up to 11%, planning for beefed-up capacity

Seeka Kiwifruit Industries, the country’s biggest kiwifruit grower, sees annual profit growth of up to 11 percent and is planning to expand its capacity in coming years as kiwifruit crops recover from the outbreak of the Psa-V vine disease. The Te Puke-based company forecasts net profit of between $2.6 million and $3 million in the 12 months ending Dec. 31, compared to $2.7 million …

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Nuplex agrees to sell ANZ units to Champ-backed company for A$127.5 million

Nuplex Industries, the specialty chemicals maker, agreed to sell two of its Australasian units to a company backed by Champ Private Equity for A$127.5 million, using the funds to repay debt and possibly make a capital return. Axieo, an investment vehicle of Sydney-based Champ, will buy Nuplex Masterbatch, the plastic additives business, and Nuplex Specialities, the distribution business, Auckland-based Nuplex said in a statement. Sam Bastounas, formerly Nuplex’s …

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While you were sleeping: US housing recovers

Wall Street advanced, up more than 1 percent, amid better-than-expected data on existing US home sales, and solid corporate earnings including from Apple. In afternoon trading in New York, the Dow Jones Industrial Average rose 1.13 percent, the Standard & Poor’s 500 Index climbed 1.61 percent, while the Nasdaq Composite Index advanced 1.90 percent. Gains in shares of Chevron and …

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