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NZF agrees to sell home loans stake, subordinated notes for $1.25M to Resimac Financial Services
By Tina Morrison Oct. 11 (BusinessDesk) – NZF Group, whose lending arm went into receivership in 2011 owing about $16.4 million, agreed to sell its stake in a home loans company and other investments to Resimac Financial Services for $1.25 million, completing its asset sales pr...
NZ food prices unchanged in Sept as cheaper veges offset dearer milk
Oct 11 (BusinessDesk) - New Zealand food prices were unchanged in September as cheaper vegetables coming into season were offset by more expensive fresh milk and pork. The food price index was unchanged last month from a 0.5 percent fall in August, according to Statistics New Z...
Comvita turned to a loss in first half, remains confident of increasing annual profit
By Tina Morrison Oct. 11 (BusinessDesk) – Comvita, which produces health products from manuka honey, said it posted a first-half loss on increased price competition in Australia and the UK and concern over New Zealand food safety in Hong Kong, however it expects to make up the...
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