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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...
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...
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...
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