Business
Primary Sector
Countdown March-qtr sales growth underpinned by produce, perishables
By Paul McBeth May 2 (BusinessDesk) - The Woolworths-owned Countdown supermarket chain lifted sales 3.2 percent in the March quarter, which the retailer put down to growth in fruit, vegetables and perishables. Sales across the 180 Countdown stores were $1.69 billion in the...
Retail
Moa says 2nd half trading loss narrowed on path to breaking even
By Paul McBeth May 2 (BusinessDesk) - Moa Group says it narrowed its trading loss in the second half of the financial year as it works towards breaking even after seven years of red ink since the beer brewer listed. The company said it's trading loss was $600,000 in the si...
Infrastructure
Z Energy FY earnings fall 13% on refinery outage, crude price hike
By Gavin Evans May 2 (BusinessDesk) - Z Energy reported a 13 percent decline in full-year net profit after an extended outage at the Marsden Point refinery raised its costs and record pump prices reduced sales volumes industry-wide. The country’s biggest fuel retailer said...
Law & Regulation
Vodafone fined $350,000 for billing former customers
By Paul McBeth May 1 (BusinessDesk) - Vodafone New Zealand has been fined $350,000 for charging more than 29,000 customers after the end date of cancelled contracts with the country's biggest mobile carrier. The telco was today sentenced in the Auckland District Court afte...
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