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NZ building consents rise 0.1% in July, as Canterbury consents slow and Auckland picks up
By Tina Morrison Aug. 29 (BusinessDesk) - New Zealand building consents rose at a modest 0.1 percent pace in July, slower than the 3.5 percent pace in June, reflecting a drop in the number of consents issued in Canterbury and a pick up in Auckland. The number of consents in...

Mercer posts annual loss on new staff hires, tough Australian conditions
By Suze Metherell Aug. 29 (BusinessDesk) - Mercer Group, the stainless steel manufacturer, reported an annual loss as it hired new staff to fuel future profit growth while trading conditions in Australia remained tough. The Auckland-based company posted a loss of $483,000 i...

Delegat annual profit rises 3% as increases in volumes outweighs higher currency
By Tina Morrison Aug. 29 (BusinessDesk) - Delegat Group, New Zealand's largest listed wine company, increased annual profit 3 percent as record volumes muted the impact of a stronger local currency. Profit rose to $42.6 million, or 42.12 cents a share, in the 12 months ende...