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Michael Hill flags increased 1H earnings as sales rise 10 percent
By Suze Metherell Jan. 23 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, expects first-half earnings to rise after reporting a 10 percent lift in sales over the period. Earnings before interest and tax were between A$29 mi...
Warehouse warns 1H earnings to fall by up to 13 percent
By Paul McBeth Jan. 23 (BusinessDesk) – Budget retailer Warehouse Group is warning its first-half profit will fall by as much as 13 percent after strong Christmas sales failed to compensate for a margin squeeze in the first quarter, higher funding costs, and reduced rental inco...
NZ dollar slips amid speculation Fed will further trim asset purchases next week
By Paul McBeth Jan. 23 (BusinessDesk) - The New Zealand dollar fell against the greenback amid speculation the Federal Reserve will further trim its bond buying programme when it reviews policy next week. The kiwi fell to 83.06 US cents at 8am in Wellington from 83.22 cents y...
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