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NZ govt books back in the red in first three months of 2016 year, tax take beats estimate
By Paul McBeth Nov. 6 (BusinessDesk) - The New Zealand government's books were back in the red in the first three months of the 2016 financial year, though a bigger-than-expected tax-take and smaller workplace insurance liability meant the deficit was below forecast. The op...
Warehouse lifts 1Q sales 7.7 percent, outpacing last year's 3.5% gain
By Tina Morrison Nov. 6 (BusinessDesk) - Warehouse Group, New Zealand's largest publicly listed retailer, boosted first-quarter sales 7.7 percent and improved margins at its discount chain ahead of the key Christmas trading period. Group sales rose to $634.5 million in the...
ComCom says not enough competition in dairy to warrant full deregulation
By Paul McBeth Nov. 6 (BusinessDesk) - The Commerce Commission doesn't see enough competition in the dairy sector to consider full deregulation, particularly at the processing level, which may benefit from a gradual loosening of the rules. The regulator's draft report on da...
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