KMD Brands’ hugely discounted equity raise, ANZ’s confidence survey drop, and house price doldrums indicate a difficult path forward.
The group has launched a new brand for younger consumers as a standalone business.
But closures across its physical store network lead to profit slump.
Covid had a ‘modest positive impact’; product roll-outs expected to drive growth.
Pay cuts continue into September as Fletcher slashes costs and jobs.
No dividends for shareholders.
Michael Page has been hit by the downturn in corporate hiring.
Float would bring second cannabis company to the NZX after Cannasouth's 2019 listing.
Share price lifts 4.2% today on the news.
Full-year net profit of $207m in a ‘testing’ year.