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South Port 1H profits weaken as warehouse returns ebb, offsetting gain in cargo volumes
By Suze Metherell Feb. 13 (BusinessDesk) – South Port New Zealand, which operates the wharves at Bluff in Southland, posted a 7.7 percent drop in first-half profit as a rise volumes of cargo such as fertiliser, stock foods and logs was offset by lower returns from warehouses. P...
NZ banks expected to maintain sound asset quality as interest rates rise, S and P says
By Tina Morrison Feb 13 (BusinessDesk) – New Zealand banks should be able to absorb any bad loans from borrowers under pressure as interest rates start climbing this year, maintaining their sound asset quality levels, Standard & Poor’s Ratings Services said in its 2014 outlook f...
Shares in Cooks Global Foods jump 13 percent on Esquires expansion plans in Middle East
By Tina Morrison Feb. 13 (BusinessDesk) – Shares in Cooks Global Foods, which has the global franchise rights for Esquires Coffee Houses outside of New Zealand, Australia and Canada, jumped 13 percent after the company detailed expansion plans for the coffee chain in the Middle...
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