Asahi's Better Drinks Co takes $3.7M impairment against brands, narrows full-year loss
By Jonathan Underhill July 10 (BusinessDesk) - Better Drinks Co, the New Zealand drinks company owned by Japanese brewer Asahi Group, has taken a charge against the value of its brands, the second year in a row it has recognised an impairment on its balance sheet. The Auckl...
NZ dollar falls vs Canadian dollar after jobs report points to Canuck rate hike this week
By Jonathan Underhill July 10 (BusinessDesk) - The New Zealand dollar fell to its lowest level in almost two months against the Canadian dollar after figures showed the Canadian economy added more than four times more jobs than expected in June, stoking talk of a rate hike as...
Michael Hill full-year sales rise 6% on new store openings
By Jonathan Underhill July 7 (BusinessDesk) - Michael Hill International reported a 6 percent gain in full-year sales, reflecting a net increase in new stores. Canada was the jewellery retailer's stand-out market in the latest year. Sales rose to A$583 million in the 12 mon...
NZ dollar falls vs euro after ECB minutes show discussion of end to easing bias
By Jonathan Underhill July 7 (BusinessDesk) - The New Zealand dollar fell against the euro after minutes of the last European Central Bank meeting showed policymakers discussed ending the bank's extraordinarily stimulatory monetary policy at their June 8-9 meeting. The kiwi...
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