SkyCity remains on track for 'modest growth' in full-year earnings
By Tina Morrison Nov. 13 (BusinessDesk) - SkyCity Entertainment Group said revenue in the first four months of the financial year lifted 1.7 percent and it remains on track for "modest growth" in full-year earnings. New Zealand's only listed casino company said group normal...
Icebreaker inks $100M 10-year supply contract for NZ merino wool
By Tina Morrison Nov. 10 (BusinessDesk) - Merino outdoor clothing company Icebreaker has signed the longest ever supply contract with growers of New Zealand merino wool, worth $100 million over 10 years. The Auckland-based company, which announced this week that it is being...
Warehouse 1Q sales drop 1.7% as discount stores change to 'everyday low pricing' model
By Tina Morrison Nov. 9 (BusinessDesk) - Warehouse Group's first quarter sales were weaker than the year-earlier period after the retailer changed the pricing strategy at its flagship 'red shed' discount department stores to "everyday low pricing". Sales fell 1.7 percent to...
Rural Equities eyes investment outside of NZ rural property, citing 'uncertain' outlook
By Tina Morrison Nov. 8 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, is eyeing investments outside New Zealand rural property where it sees an “uncertain” future. The Hastings-based company, which owns 22 farms in New Zealand, tol...
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