Michael Hill boosts 1H sales 8.7% on 'steady' margins; mulls ASX listing
By Tina Morrison Jan. 8 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, increased first-half sales 8.7 percent and maintained its gross margin even as the US dollar strengthened. Sales rose to A$306.3 million in the six months ended Dec. 31, from...
NZ dollar falls to three-month low vs. yen as investors spooked by China
By Tina Morrison Jan. 8 (BusinessDesk) - The New Zealand dollar fell to its lowest level against the yen in more than three months as investors favoured the safe haven Japanese currency amid concerns about a slowing Chinese economy and weak commodity prices. The kiwi touche...
Alliance moves to deepen cooperative culture as Silver Fern sells stake
By Tina Morrison Jan. 7 (BusinessDesk) - Alliance Group, New Zealand's second-largest meat processor, plans to entrench its cooperative status, encouraging farmers to 'share up' at a time larger rival Silver Fern Farms is watering down its cooperative by tapping a Chinese inve...
NZ new vehicle sales soar to record in 2015
By Tina Morrison Jan. 7 (BusinessDesk) - New Zealand new vehicle sales soared to a record last year, led by demand for commercial vehicles. New vehicle registrations increased 5.4 percent to 134,041 in 2015, surpassing 2014's record 127,179, according to the Lower Hutt-base...
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