NZ dollar climbs to 2-month high vs. British pound on 'hard Brexit' fears
By Paul McBeth Jan. 10 (BusinessDesk) - The New Zealand dollar rose to a two-month high against the British pound after the UK's currency was sold off on concerns about the nation's ability to access the single European market once it leaves the European Union. The kiwi ro...
Thailand's Oaks Hotels given all-clear to buy Auckland's Metropolis apartments
By Rebecca Howard Jan 9 (BusinessDesk) – New Zealand’s Overseas Investment Office has given Thailand’s Oaks Hotels and Resorts NZ a green light to buy the Metropolis Apartment Complex in central Auckland. Oaks Hotels and Resorts NZ, a unit of Minor International, plans to i...
Michael Hill lifts sales 5.7% as retailers generally upbeat on Christmas
By Rebecca Howard Jan. 9 (BusinessDesk) - Jewellery chain Michael Hill International said preliminary results show total stores sales growth of 5.7 percent in the six months to December, bolstered by trading in the Christmas period. Group sales from its stores in Australia...
Pengxin's Milk NZ posts 37% slump in 2016 revenue on weak milk price, sharemilking deal
By Paul McBeth Jan. 9 (BusinessDesk) - Shanghai Pengxin's Milk New Zealand Holdings unit widened its annual loss in 2016 as revenue sank by more than a third on a lower global milk price and the company's sharemilking agreement with state-owned enterprise Landcorp. The Auc...
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