Rubicon shareholders give green light for sale of Tenon Clearwood stake
By Rebecca Howard Jan. 12 (BusinessDesk) - Shareholders have voted in favour of Rubicon's proposal to sell a 45 percent stake in Tenon Clearwood Partnership, a large clearwood sawmill and manufacturing operation in Taupo. The US$14.9 million purchase price - including its s...
Body massages and Uber are in, DVDs are out, says Stats NZ
By Rebecca Howard Jan. 12 (BusinessDesk) - Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players. "People are spending more online to rent a taxi, or a...
NZ dollar falls against Aussie after strong retail sales data across Tasman
By Rebecca Howard Jan. 11 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after stronger-than-expected November retail sales across the Tasman added to the view that consumer spending is picking up and fuelling Aussie growth. The kiwi declined to...
Warehouse expects first-half earnings to fall by up to 28%
By Rebecca Howard Jan. 11 (BusinessDesk) - Warehouse Group expects first-half adjusted earnings from continuing operations to fall 22-to-28 percent as it keeps investing to transform the business. The Auckland-based company said first-half adjusted net profit from continui...
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