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Trade Me in halt amid reports Fairfax sells another 15% stake
By Paul McBeth June 18 (BusinessDesk) - Shares in Trade Me have been put on a trading halt amid reports parent Fairfax Media has sold down its holding in the online auction house by another 15 percent. Fairfax sold a block of shares in Trade Me for some A$160 million on Sunday...
Fletcher Building taps former Formica boss Adamson as CEO as Ling departs
By Jonathan Underhill June 18 (BusinessDesk) - Fletcher Building named Mark Adamson, an executive it picked up with the 2007 acquisition of Formica, as new chief executive, replacing Jonathan Ling. Adamson, currently Fletcher’s chief executive for laminates and panels, will tak...
NZ consumer confidence dims in 2Q as future gets a little scarier
By Paul McBeth June 18 (BusinessDesk) - New Zealand consumer confidence dimmed in the second quarter of the year as people were content about the present, but increasingly gloomy about the future. The Westpac McDermott Miller Consumer Confidence Survey fell 2.5 points to 99.9...
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