Recent Posts

World Week Ahead: Data key to rally

Wall Street is at record highs, backed by the US Federal Reserve’s ongoing commitment to providing easy money to help accelerate the economic recovery, and investors will be looking to a flurry of fresh data to provide further impetus. Today, investors will eye the release of the latest China manufacturing purchasing managers’ index to gauge if the world’s second largest …

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Diligent 1Q profit jumps 58% as sales increase 40%

Diligent Board Member Services, the governance app maker which was forced to restate its financial statements, posted a 58 percent rise in first quarter profit as it increased the number of Diligent Boardbooks users. Profit jumped to US$1.94 million in the three months ended March 31, from US$1.23 million a year earlier, the New York-based and locally listed company said in a statement. First quarter …

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SeaDragon sales to more than double on new contracts

SeaDragon, which manufactures fish oil for health supplements, expects to more than double annual sales as two squalene contracts worth US$6 million boost revenue in the second half. The Nelson-based company’s two contracts to supply squalene, an oil refined from shark’s liver, will bring combined gross sales to US$6 million for the year starting Oct. 1, and chief executive Ross Keeley told BusinessDesk he …

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