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NZ dollar falls as economic growth misses estimates, fiscal cliff talks drag
By Paul McBeth Dec. 20 (BusinessDesk) - The New Zealand dollar fell after figures showed the economy grew less than expected in the third quarter, while US policymakers appear bogged near the finish line on talks to avert US$600 billion of automatic tax hikes and spending cuts....
Smiths City posts 2.6 percent gain in 1H profit in difficult trading conditions
Dec. 20 (BusinessDesk) – Smiths City Group, the Christchurch-based department store operator, posted a 2.6 percent gain in first-half profit saying retail conditions are difficult, especially for consumer electronics. Profit was $1.69 million in the six months ended Oct. 31, fr...
Veritas buys Mad Butcher business for $40 mln, flags public offer early next year
Dec. 20 (BusinessDesk) - Veritas Investments, the shell company listed on the NZX after Salvus Strategic Investments was wound up, has agreed to buy the Mad Butcher franchisor business in a $40 million cash and scrip deal, and will seek more funding from the public early next ye...
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