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Dorchester raises 2015 profit expectations on better trading
By Suze Metherell Sept. 9 (BusinessDesk) - Dorchester Pacific, the finance company which plans this month to make a takeover bid for vehicle auction company Turners Group, raised its forecast for annual profit on better-than-expected trading across its insurance and credit bus...
NZ spending on credit, debit cards rises in August, driven by hospitality
By Paul McBeth Sept. 9 (BusinessDesk) - New Zealanders increased their spending on credit and debit cards in August, with a pick-up in the hospitality sector driving core retail expenditure in the month. The value of core retail sales on electronic cards, which strips out s...
Smith proposes increased protections for subbies after Mainzeal debacle
By Jonathan Underhill Sept. 9 (BusinessDesk) - Building and Construction Minister Nick Smith has proposed changes to the Construction Contracts Act that would require retention payments be held in trust, ensuring sub-contractors get paid even if the project fails. The propo...
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