Simon Mander News Today

Tourism Holdings plunged 36 per cent and Spark fell nearly 5 per cent on significant earnings downgrades that rattled the New Zealand sharemarket. The...

The loss was largely down to a $9.1 million write-down of intangible assets in New Zealand due to the negative outlook for the sector.

Sale of Australian business in sight.

The country's biggest glass manufacturer Metro Performance Glass has been grilled by shareholders over the potential sale of its Australian business and its overall performance.

The company has rejected the takeover offer.

Metroglass is facing a challenge and Pacific Edge has a Medicare problem.

Metro Performance Glass has posted a deeper full-year loss, following a $10 million non-cash write-down in the value of its assets due to the softer outlook for the construction sector.

Group earnings up 100pc, aided by surge in Australian revenue.

Covid restrictions, rising costs and international shipping disruptions has led to the glass manufacturer Metro Performance Glass posting a full-year loss.

Investors in the embattled shipping firm QEX Logistics are in the dark after the company was booted from the stock exchange.