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Smiths City shares jump 10 percent as FY profit climbs by more than a fifth

Smiths City shares jump 10 percent as FY profit climbs by more than a fifth

By Paul McBeth June 27 (BusinessDesk) - Smiths City, the Christchurch-based retailer, boosted annual profit by more than a fifth as a strong rural sector underpinned gains in the South Island. The shares climbed 10 percent to a three month high 65 cents. Net profit climbed to...

27 Jun 2013
NZ business confidence rises to highest in more than three years, led by construction

NZ business confidence rises to highest in more than three years, led by construction

By Tina Morrison June 27 (BusinessDesk) – New Zealand business confidence rose to its highest in more than three years in June, led by the construction sector. A net 50.1 percent of firms expect general business conditions to improve in the year ahead, up from 41.8 percent in M...

27 Jun 2013
Gisborne-Napier railway promoters have yet to convince KiwiRail’s Quinn

Gisborne-Napier railway promoters have yet to convince KiwiRail’s Quinn

By Jonathan Underhill June 27 (BusinessDesk) – A group working to resurrect the mothballed Gisborne-to-Napier railway line haven’t yet convinced KiwiRail chief Jim Quinn they can attract enough freight to make an economic business. The Shortline Project Group, which includes tr...

27 Jun 2013