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UPDATE: Warehouse says profit growth will resume in 2015 following a decline in 2014
(Updates share price in fifth graph, adds broker comment starting in seventh graph and further detail on business divisions.) By Tina Morrison Sept. 12 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, expects earnings to rise this financial year foll...
Ireland's Independent News backs APN board to grow shareholder value
By Paul McBeth Sept. 12 (BusinessDesk) - Irish media group Independent News & Media is backing the board of APN News & Media to grow shareholder value, as the Australasian publisher and broadcaster considers carving out its New Zealand unit. The Dublin-based company, which...
NZ house sales fall in August on subdued listings, looming election
By Paul McBeth Sept. 12 (BusinessDesk) - New Zealand house sales fell in August as a lack of listings compounded the chilling effects of rising interest rates and mortgage loan restrictions, and as the upcoming general election adds another uncertainty for buyers. The numbe...