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NZX 50 back in favour as investors eye bargains following weakness

“We had a pretty good lead out of the US with markets over there rebounding, particularly in the growth stocks,” said Grant Davies, an investment adviser at Hamilton Hindin Greene. “Markets have been sold off quite aggressively over the last month, so there’s been a little bit of a buying in the dip.” Fisher & Paykel Healthcare, the largest stock on the market, rose 2.9 per cent to $29.12, tracking technology growth stocks higher. 123rf The sharemarket is back in favour as bond yields weakened. Like the Nasdaq, New Zealand s top-50 index was in a technical correction – a fall of 10 per cent or more from its recent peak of 13,558 on January 8.

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Savor doubles down on hospitality after ditching Moa Brewing

Stuff Savor is buying Amano (pictured here), Ortolana and The Store, as part of its focus on growing its hospitality business. Savor Group is buying three central Auckland eateries as it doubles down on hospitality after selling its unprofitable Moa Brewing business. The NZX-listed company has agreed to buy Britomart venues Amano, Ortolana and The Store from Hipgroup for $11 million in cash and shares. Savor is focusing on bars and restaurants after deciding last month to cut its losses and sell its original investment, Moa Brewing Company, which had failed to turn a profit since the company listed in 2012. The new hospitality businesses will immediately add about $3m to annual operating earnings, and savings are expected by merging the operations, the company said.

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Savor Group acquires Hipgroup s Amano, announces $6 million equity raise

Savor Group acquires Hipgroup s Amano, announces $6 million equity raise
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

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No-one wants to drink a beer that s angry : Marketing, not its beer, hurt Moa

“You don’t use the pioneer loosely, but [Scott] was doing some quite pioneering things in that he was applying winemaking techniques to beer,” said Donaldson. “He was doing this quite complicated and interesting stuff way before anyone else was doing it, so I could see why there was some value in that business - it was unique, it had that wine/beer crossover thing going on.” SUPPLIED Moa misread the market and missed out on a lot of customers, says Wellington blogger and bar manager Dylan Jauslin. However, it moved from being an artisan beer maker to aspiring to become a big volume brand.

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The old marketing made me sick , says Moa s new owner

Moa brewery sold in February for $1.9m, leaving behind an unsavoury legacy. Michael Andrew speaks to the new owner about how the brewery plans to move forward, while at the same time returning to its Marlborough roots. Moa Brewing Company’s new owner Stephen Smith has criticised the company’s old marketing strategy, saying it does not reflect the values of the brewery today. In response to a Spinoff story discussing the negative reputation of Moa beer, Smith, who has also been Moa’s managing director for the past three years, says the business is once again family-owned with a new vision and model, and is a world apart from the publicly listed company that was labelled misogynistic more than once over the past decade.

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