Business
Retail
Warehouse lifts Q3 sales 1.9%, Red Sheds' same-store sales up 1.7%
By Jenny Ruth May 10 (BusinessDesk) - The Warehouse Group says its third quarter sales rose 1.9 percent with its flagship Red Sheds brand returning to positive same-store sales growth. The latest result follows 2.7 percent growth in first-half sales. “We’re encouraged th...
Primary Sector
Seeka cuts earnings forecast on smaller crop
By Gavin Evans May 10 (BusinessDesk) - Kiwifruit grower and marketer Seeka has cut its full-year earnings guidance by $4 million due to reduced harvests in both New Zealand and Australia. Group earnings before interest, tax, depreciation and amortisation are likely to range...
Infrastructure
Infratil in talks to buy Vodafone NZ
By Rebecca Howard May 10 (BusinessDesk) - Infratil says it is in talks with another party to buy Vodafone Group's New Zealand business. Infratil, which is managed by Morrison and Co, was put on a trading halt by the New Zealand stock exchange. The stock last traded at $4.6...
Policy
First Gas eyes national energy centre for hydrogen pipeline trial
By Gavin Evans May 9 (BusinessDesk) - First Gas says a hydrogen pipeline trial it plans is likely to be among the first projects undertaken at the National New Energy Development Centre being set up in Taranaki. The company, which operates the trunk gas transmission network...
Prev
