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Coca Cola Amatil drives costs lower in New Zealand, increases 1H profit
Aug. 20 (BusinessDesk) - Coca-Cola Amatil, one of the world’s top five Coke bottlers, has posted a 10.4 percent increase in first-half earnings in New Zealand and Fiji due to cost-cutting while it posted a 10.1 percent fall in profit in Australia. The bottler of Coca-Cola, Lift...
NZ dollar, interest rates falls after RBNZ details LVR restrictions
Aug. 20 (BusinessDesk) – The New Zealand dollar fell about half a US cent and interest rates dropped after Reserve Bank governor Graeme Wheeler detailed the bank’s plans to curb high loan-to-value home lending, which could potentially slow the pace of hikes to the official cash...
Meridian IPO inducements may attract retail investors spooked by MightyRiverPower selloff
By Paul McBeth Aug. 20 (BusinessDesk) – Government inducements to buy into Meridian Energy’s float via two payments and a price cap for retail investors are likely to attract kiwis spooked by the dismal market performance of MightyRiverPower, brokers and fund managers say. Pr...
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