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CORRECT Warehouse warns margin squeeze, investment programme will trim first-half earnings
(Fixes spelling of Graham Evans’ name in 2nd graph, updates share price in 6th graph) By Paul McBeth Nov. 22 (BusinessDesk) - Warehouse Group, the country’s biggest listed retailer, expects lower first-half earnings as margins at its flagship Red Sheds come under pressure and...
Goodman Fielder facing up to A$10 mln hit from rising milk prices
Nov. 22 (BusinessDesk) - Goodman Fielder, the food ingredients maker, expects its New Zealand dairy business to trim as much as A$10 million from its annual earnings due to rapidly rising milk prices and anticipates its 2014 profits will largely come through in the second half of...
Lifting national savings rate best way to drive down kiwi, RBNZ’s McDermott says
By Paul McBeth Nov. 22 (BusinessDesk) - Reserve Bank assistant governor John McDermott says lifting the country’s savings rate will help reduce New Zealand’s reliance on foreign funding and ultimately drive down an over-valued kiwi dollar. The local currency is overvalued in b...
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