News in Brief
News in Brief
Retail spending declines for Q1
Retail trade spending volumes declined 0.7 percent in the first quarter, marking the first contraction in the quarterly retail sales volumes since mid-2015 and the largest decline in eight years. The fall was milder than ASB Bank had expected, however, “retail spending looks to h...
Primary Sector
Mercer upbeat on new orders
Mercer Group secured more than $10 million of new orders during the past month said it will report increased operating earnings and net profit for the June year.The increase was driven by the automation arm of the business, with the Milmeq refrigeration unit having a good year wi...
Primary Sector
Seeka to sell three Australian orchards
Kiwifruit grower and marketer Seeka has conditionally sold three of its Australian orchards in a lease-back agreement in order to reduce debt. The orchards, which comprise 200 hectares, sold for A$26.5 million and will be leased back to Seeka for up to 30 years, with two terms of...
Peters to appeal pension privacy case
Deputy Prime Minister Winston Peters is appealing a High Court judgement over his leaked pension details.The leader of the NZ First Party has said in a statement he now knows who the leaker is. "I am not persisting with this case just for myself, but for all people who have had t...
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