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NZ export log prices drop to 7-month low as higher currency bites
By Tina Morrison July 25 (BusinessDesk) - New Zealand export log prices slid to a seven-month low in July as a stronger local currency and weaker prices in key export markets dented returns. The average wharf gate price for New Zealand A-grade logs dropped to $114 a tonne i...
Woolworths writes down EziBuy by A$309M and puts it up for sale
By Paul McBeth July 25 (BusinessDesk) - Australian supermarket chain Woolworths has written off A$309 million from the value of its New Zealand clothing and homeware retailer EziBuy and wants to sell the business as part of an overhaul that will also see some local Countdown s...
Wellington Airport plans to sell $60 million of 8-year bonds
By Tina Morrison July 25 (BusinessDesk) - Wellington International Airport plans to sell as much as $60 million of eight-year bonds, joining a growing number of companies taking advantage of record low-interest rates through the debt market. The Wellington-based company is...
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