NZ building activity slows in September quarter as commercial work flatlines
By Paul McBeth Dec. 5 (BusinessDesk) - New Zealand's building activity slowed in the September quarter as flat commercial construction offset a pick-up in residential work. The volume of building work put in place increased a seasonally adjusted 0.7 percent in the three mo...
Auckland houses sales jump from 2017 lull in November
By Paul McBeth Dec. 5 (BusinessDesk) - Auckland house prices rose from a lull last year in November in the busiest month for city's biggest realtor since May. Barfoot & Thompson said sales rose to 941 in November from 747 the same month a year earlier, when Auckland's hous...
Fonterra reaches provisional deal with Beingmate to unwind Darnum JV
By Paul McBeth Dec. 5 (BusinessDesk) - Fonterra Cooperative Group has reached a provisional deal with Chinese partner Beingmate Baby & Child Food to unwind their Darnum joint venture in Australia. The joint venture - 51 percent owned by Beingmate and 49 percent Fonterra -...
Trade Me attracts another suitor with a sweeter offer
By Paul McBeth Dec. 5 (BusinessDesk) - Trade Me has attracted a second private equity suitor willing to pay $2.56 billion for the country's dominant online marketplace. The Wellington-based company today said it's received a non-binding indicative offer from Hellman & Frie...
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