Jarden Brief: Details of Biden s capital gains tax on the rich 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.
Jarden Brief: F&P leads healthcare sector rise, energy volatile, bitcoin tanks
22 Apr, 2021 08:42 PM
7 minutes to read
The top-performing stock of the NZX50 yesterday was medical equipment producer, Fisher & Paykel Healthcare, which rose 4.2 per cent. Photo / File
The top-performing stock of the NZX50 yesterday was medical equipment producer, Fisher & Paykel Healthcare, which rose 4.2 per cent. Photo / File
NZ Herald
New Zealand The NZX50 recovered some ground yesterday, up 0.4 per cent. The rise was led by the healthcare and consumer cyclicals sectors, up 2.6 and 1.0 per cent, respectively.
Meanwhile, utilities and consumer non-cyclicals were the worst-performing sectors, down 1.0 and 0.9 per cent, respectively.
Photo: Unsplash / Hanson Lu
It reported a net loss of $1.8 million for the first half of the financial year, down 114 percent on the year earlier when it made $13m.
During the period the company worked hard to bring down debt levels - down from $175m in March last year, to $22m at the end of December.
This was done mostly though selling its vehicle fleet, with a 132 percent increase in global vehicle sales revenue compared to the year before, contributing to overall revenue down only 1 pct year-on-year.
Chief executive Grant Webster said that freed up cash and allowed the business more flexibility across its various markets.
Tourism Holdings is facing the biggest single challenge in its history with international borders closed to tourism.
Tourism Holdings has managed to keep its revenue stable in the first half of the year by selling down its campervan fleet as cash from rentals was cut in half after Covid-19 wiped out the international travel market that underpinned the business. However that wasn’t enough to prop up profits, and the company on Friday posted a loss of $1.8 million for the six months to the end of December, from a profit of $13.1m in the year earlier period. Revenue slipped 1 per cent to $205.8m, as money from rentals fell 50 per cent to $64.8m, while vehicle sales jumped 132 per cent to $137m.
Summary Appeal allowed in relation to Tessa, Sam and Ana. Appeal dismissed in relation to Wendy. Parties directed to prepare and seal final adoption orders under the Adoption Act 1955 in respect of Tessa, Sam and Ana. Leave reserved to apply to the Court for approval of the orders for sealing.
Family and Domestic Relationships Intercountry Adoption.
Ms Norman is a New Zealand citizen. She is the aunt of four young people who live in Ethiopia: Wendy (aged 20), Tessa (aged 19), Sam (aged 17) and Ana (aged 15) (the children). The children’s parents have not been heard from since 2013: it is likely they are no longer alive. The children are being cared for by another aunt, Ms May, who is Ms Norman’s sister. The children, Ms May and Ms May’s 10 year-year-old daughter all live together in one bedroom in a house owned by an extended family member. They live in financial and material poverty and are supported by funds sent f