UPDATE: McDonald's NZ beats Burger King to post larger profit, sales in 2016
(Clarifies McDonald's origin of sales in third paragraph) By Sophie Boot June 12 (BusinessDesk) - In the battle of the burgers, McDonald's has come out ahead of Burger King in New Zealand, although both fast-food chains lifted revenue and profit over the course of 2016....
MARKET CLOSE: NZ shares down in subdued market; Investore falls, Sky TV, Metro Glass gain
By Sophie Boot June 12 (BusinessDesk) - New Zealand shares dipped in a quiet market without Australian investors, as Investore Property fell while Sky Network Television and Metro Performance Glass rose. The S&P/NZX 50 Index fell 3.36 points, or 0.045 percent, to 7,432.74....
NZ guest nights rise in April, boosted by Easter holidays and Aussie travellers
By Sophie Boot June 12 (BusinessDesk) - New Zealand national guest nights rose in April, boosted by the busy Easter holiday period. Total guest nights climbed 6.9 percent to 3.46 million in April compared with the same month a year earlier, Statistics New Zealand said. Dome...
MARKET CLOSE: NZ shares fall as UK election creates Brexit uncertainty; Xero, Comvita, Auckland Airport down
By Sophie Boot June 9 (BusinessDesk) - New Zealand shares fell with turnover low as investors went into a holding pattern following the UK general election, with Comvita, Xero and Auckland International Airport declining. The S&P/NZX50 Index dropped 24.52 points, or 0.3 per...
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