MARKET CLOSE: NZ shares fall as Turkey woes ripple through markets; blue chips include F&P, Fletcher drop
By Paul McBeth Aug. 13 (BusinessDesk) - New Zealand shares fell in a global rout as fears over the Turkish economy and its potential threat to the European banking system weighed on risk-sensitive assets and emerging markets in particular. Blue-chip stocks including Fisher & P...
Scales sells bulk liquid storage unit for $20M, building war chest for acquisitions
By Paul McBeth Aug. 13 (BusinessDesk) - Scales Corp will sell its bulk liquid storage unit to Taranaki's SBT Group for $20 million as the agriculture group builds up a war chest to seek out new acquisitions. Christchurch-based Scales said the Liqueo Bulk Storage division r...
JB Hi-Fi expects another year of shrinking NZ sales as turnaround programme continues
By Paul McBeth Aug. 13 (BusinessDesk) - JB Hi-Fi expects to see another year of declining revenues on this side of the Tasman as the ASX-listed discount consumer electronics retailer attempts to drive profitability in its New Zealand unit. The local division of the Melbour...
NZ services sector activity perks up in July, allaying fears of manufacturing slowdown
By Paul McBeth Aug. 13 (BusinessDesk) - New Zealand's services sector activity picked up in July as strong tourism numbers continued to underpin the wider economy, allaying fears about the impact of slowing manufacturing. The BNZ-Business New Zealand performance of service...
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