Chinese importer seeks delay in Zespri case
Primary Sector

Chinese importer seeks delay in Zespri case

The Chinese importer suing Zespri for $25 million wants a trial held off until 2021 because its lead witness remains in a Chinese jail. Shanghai Neuhof first filed a claim against Zespri in May 2014 alleging breach of contract after they were both convicted of under-declaring cus...

Victoria Young 16 Dec 2019
Taco Bell sales at $100k a week as Restaurant Brands ups 3Q revenue
Retail

Taco Bell sales at $100k a week as Restaurant Brands ups 3Q revenue

Restaurant Brands lifted third-quarter sales 5.8 percent as the company saw steady growth across its three operating divisions in New Zealand, Hawaii and Australia.The quarter was the first to include three weeks of sales from the fast-food operator’s new Taco Bell store in Auckl...

Victoria Young 16 Dec 2019
Sanford shareholders back value focus as Sealord profits on volume play
Primary Sector

Sanford shareholders back value focus as Sealord profits on volume play

Shareholders at Sanford's annual meeting were relaxed about profits nudging lower as the company continues to focus on earnings per kilogram of seafood caught, rather than the size of the catch. About 80 shareholders gathered in Auckland for the company’s 115th AGM on Friday wher...

Victoria Young 16 Dec 2019
Business leaders quiz finance minister on capacity to spend $12b
Finance

Business leaders quiz finance minister on capacity to spend $12b

Business leaders put Finance Minister Grant Robertson under the grill this morning, pushing him on the ins and outs of the government’s $12 billion spending package and how it might be delivered. Robertson fronted the Auckland business audience, having delivered his Budget policy...

Victoria Young 13 Dec 2019