Warehouse says first-half profit may fall as much as 15% as rivalry crimps margins
By Tina Morrison Dec. 20 (BusinessDesk) - Warehouse Group says profit may fall between 10 and 15 percent in its first half its financial year as New Zealand's largest publicly listed retailer contends with a weaker-than-expected run up to Christmas both at its stores and its f...
Buoyant housing demand elevates structural log prices to 22-year high in 2016
By Tina Morrison Dec. 19 (BusinessDesk) - Buoyant residential building activity has pushed up the average price for top structural logs this year rise to the highest in more than two decades. The average price for structural S1 logs in the domestic market held at $117 a ton...
NZ residential building consents rise 2.6% in October
By Tina Morrison Dec. 19 (BusinessDesk) - New Zealand's residential building consents rose for the first month in four in October, boosted by two apartment projects in Wellington. Seasonally adjusted dwelling consents increased 2.6 percent to 2,683 in October, following dec...
Chorus names Telstra's Kate McKenzie as CEO, replacing Mark Ratcliffe
By Tina Morrison Dec. 19 (BusinessDesk) - Chorus has named Telstra executive Kate McKenzie as its new chief executive, replacing Mark Ratcliffe who led the split of the telecommunications network operator from Telecom five years ago. McKenzie joined Telstra in 2004 and her...
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