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NZ manufacturing slips into contraction in July, first time in 3 months
By Hannah Lynch Aug. 16 (BusinessDesk) - New Zealand manufacturing sector slipped into contraction in July, falling to its lowest level in three months, according to the BNZ-BusinessNZ performance of manufacturing index (PMI). The PMI stood at 49.4 in July in seasonally adjuste...
Billionaire James Packer’s Ellerston emerges as holder of auction site Trade Me
By Hannah Lynch Aug. 16 (BusinessDesk) - Ellerston Capital, a fund manager controlled by Australian billionaire James Packer’s family interests, has emerged as a substantial holder of shares in New Zealand online auction site Trade Me. Sydney-based Ellerston, set up by the Pac...
Turners Auctions’ first-half profit jumps 19 percent on earthquake recovery
Aug. 16 (BusinessDesk) - Vehicle auctioneer Turners Auctions' first-half net profit jumped 19 percent as it recovered from earthquake-related disruption in Christchurch last year. The company is forecasting full-year profit will be up between 2.7 percent and 10.8 percent, or be...
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