Euro Corp allowed to resume selling ductile steel mesh under new testing regime
By Fiona Rotherham April 22 (BusinessDesk) - Euro Corporation, one of three companies involved in Commerce Commission concerns about testing on their ductile steel mesh products, has reached an interim agreement that would allow it to resume selling the product used in residen...
Kiwi startup Dotterel wins innovation award for noise reduction drone technology
By Fiona Rotherham April 22 (BusinessDesk) - New Zealand startup Dotterel Technologies has won an innovation award for its noise-reducing drone technology at the 2016 NAB Show, the world’s largest annual convention to launch innovative products to key influencers in media, ent...
Finance company FEI faces ratings downgrade after loan restructure to Tomizone
By Fiona Rotherham April 22 (BusinessDesk) - NZ finance company FE Investments (FEI) had its ‘B’ long-term and short-term credit ratings placed on CreditWatch Negative by Standard & Poor’s following the restructuring of its $1.7 million loan to loss-making wi-fi company Tomizo...
Zespri indicates early profit range for 2017 season with upside from looming tender
By Fiona Rotherham April 21 (BusinessDesk) - Kiwifruit marketer Zespri International has indicated an after-tax profit of $25 million to $30 million for the 2017 financial year, excluding revenue from the release of 400 hectares of Gold3 licence being tendered next month. T...
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