NZ dollar firms after government's "wellbeing" budget
By Jenny Ruth May 30 (BusinessDesk) - The New Zealand dollar rose a little after the Labour-led government’s “wellbeing” budget forecast fiscal surpluses will be smaller as spending ramps up. The kiwi was trading at 65.24 US cents at 5pm in Wellington from 65.11 at 7:50am....
Fonterra shares, units plumb record lows as milk production falls
By Jenny Ruth May 30 (BusinessDesk) - Fonterra shares and units have fallen to record lows after the dairy giant said total New Zealand milk production fell 10 percent in April from a year ago and Australian production fell 10 percent in March. Fonterra Co-operative shares,...
Restaurant Brands lifts first-qtr sales 1.6% as NZ KFC chain shines
By Jenny Ruth May 30 (BusinessDesk) - Restaurant Brands’ New Zealand KFC chain was the star of its first-quarter report, lifting sales 6.7 percent from a year earlier and contributing the most to the company’s overall 1.6 percent sales increase. The fast food operator’s sal...
Long-delayed Metro Sports contract boosts non-residential building consents
By Jenny Ruth May 30 (BusinessDesk) - The contentious $300 million Metro Sports centre in Christchurch and convention centres in Auckland and Christchurch are the main reasons for social building consents jumping 44 percent in the year ended April. Stats NZ construction sta...
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