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Fulton Hogan slows Australian growth goals as annual earnings plunge 89 percent
By Paul McBeth Nov. 26 (BusinessDesk) - Fulton Hogan, the privately-held construction company, has slowed its growth aspirations across the Tasman after problems with a joint venture in New South Wales eroded earnings, leading to an 89 percent drop in annual profit. Net profit...
Rangatira to take control of NZ Experience, make full takeover
Nov. 26 (BusinessDesk) – Rangatira, the Wellington-based investment company, will take control of Rainbow’s End operator New Zealand Experience in a deal with the target company’s major shareholder as part of a full takeover. The Trustees of the Estate of George Ryerson Gardine...
NZ dollar rallies in NY as US Black Friday spending buoys stocks
Nov. 26 (BusinessDesk) – The New Zealand dollar rallied to a month high in New York trading on early signs that US consumer spending picked up on so-called Black Friday that follows the Thanksgiving Day holiday, helping stocks gain and lifting risk appetite. The kiwi dollar tra...
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