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Guinness Peat agrees to sell stake in Australian property developer CIC to Peet for A$15 mln
April 10 (BusinessDesk) – Guinness Peat Group, the investment company liquidating its holdings, has agreed to sell 19.9 percent of ASX-listed property developer CIC Australia to Peet Ltd for about $15 million. Peet today announced a cash takeover for all the shares in CIC for 6...
Fletcher executive Worley leaves as underperforming Crane unit brought in-house
April 10 (BusinessDesk) - Fletcher Building executive Dave Worley has left the country's biggest listed company after the Crane unit he was responsible for was folded into the parent. The Auckland-based company will disestablish Crane, which has been operating as a separate gr...
NZ retail spending on electronic cards snaps 5 months of gains, falling 0.5 percent in March
April 10 (BusinessDesk) - New Zealand retail spending on electronic cards fell in March, snapping five months of gains, as Easter trimmed two trading days and kiwis spent less on durable goods and clothing. Retail spending on credit, debit and charge cards fell 0.5 percent, sea...
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