NZ dollar heads for 0.2% weekly dip as Brexit vote keeps markets nervous
By Paul McBeth June 17 (BusinessDesk) - The New Zealand dollar is heading for a 0.2 percent decline against the greenback this week as investors shy away from taking strong positions ahead of June 23 referendum in the UK on whether to quit its membership of the European Union....
Reckitt Benckiser cuts goodwill in year when Nurofen packaging scrutinised
By Paul McBeth June 17 (BusinessDesk) - Reckitt Benckiser (New Zealand), the local division of the consumer goods business, sliced off more than a third of its goodwill in 2015, a year when its Nurofen painkiller packaging attracted the attention of competition regulators. ...
British American Tobacco scales back NZ business to distribution
By Paul McBeth June 17 (BusinessDesk) - British American Tobacco's New Zealand business has lost responsibility for strategic decisions, leaving it principally a distribution point for the cigarette maker in an increasingly hostile market. Since July last year, the local h...
Envirowaste lifts 2015 profit 50% as Mastagard purchase, expanding population drive revenue
By Paul McBeth June 16 (BusinessDesk) - Envirowaste Services, New Zealand's second-biggest waste management firm, boosted annual profit 50 percent as its Mastagard acquisition and a growing population helped lift sales. Net profit rose to $8.9 million in calendar 2015 from...
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