NZ food prices weaken in May, avocados smash records
By Tina Morrison June 13 (BusinessDesk) - New Zealand food prices slipped in May as record high prices for avocados and increased meat prices were offset by weaker prices for mandarins, kiwifruit and tomatoes. Statistics NZ said food prices fell a seasonally adjusted 0.1 pe...
Restaurant Brands signs Pizza Hut master franchise deal with Yum! for NZ market
By Tina Morrison June 13 (BusinessDesk) - Restaurant Brands New Zealand has inked a master franchise agreement with Yum! Brands for the continued operation of the Pizza Hut brand in New Zealand. The 10-year agreement will see Restaurant Brands responsible for day-to-day adm...
NZ electronic card spending nudges up in May after big drop in April
By Tina Morrison June 12 (BusinessDesk) - New Zealand retail spending on electronic cards edged up in May, led by consumer spending on household essentials such as groceries and fuel. Seasonally adjusted total retail spending on credit and debit cards rose a modest 0....
Tegel posts 24% drop in annual profit, recommends investors accept takeover offer
By Tina Morrison June 11 (BusinessDesk) - Tegel Group Holdings, the poultry group which listed on the NZX two years ago, posted a 24 percent drop in annual profit and recommended shareholders accept a $437.8 million takeover offer from Philippines poultry company Bounty Fresh...
Prev
