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Kirkcaldies’ annual pre-tax loss more than doubles; abandons business split
Oct. 24 (BusinessDesk) - Kirkcaldie & Stains, Wellington’s upscale department store, has abandoned plans to split its retail and property businesses and reported a widening of its annual pre-tax loss. The Wellington-based company’s pre-tax loss more than doubled to $2.38 milli...
MARKET CLOSE NZ stocks drop after three day rally
Oct 24 (BusinessDesk) – New Zealand stocks fell after a strong three day run, with weakness across leaders, including a small correction for accounting software company Xero after its recent stellar run. The NZX50 Index of leading stocks was down 41.453 points, or 0.85 percent,...
Hellaby, sees earnings growth in rejigged investment portfolio
Oct. 24 (BusinessDesk) - Hellaby Holdings, the conglomerate with interests ranging from footwear to oil and gas services, is still hungry for acquisitions after making two new investments this year, and sees future earnings growth in its rejigged portfolio. Chief executive Joh...
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