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Warehouse to sell, lease back about $100M of property
June 01 (BusinessDesk) - Discount retailer Warehouse Group said it plans to sell three stores and its Wiri distribution centre on a sale and leaseback basis for about $100 million through Colliers International. It expects the sales process will be completed during the next six...
MediaWorks to buy more local TV shows as CBS rights expire
By Paul McBeth June 01 (BusinessDesk) - MediaWorks NZ, the private-equity owned broadcaster, plans to spend more on local television programmes as it winds down its deal with CBS Broadcasting and stops taking new shows from the most-watched network in the US. The Auckland-base...
NZ first-quarter terms of trade fall as weaker commodity prices weigh on exports
June 01 (BusinessDesk) - New Zealand's terms of trade fell in the first three months of the year as a decline in commodity prices weighed on exports, with dairy prices falling for the third straight quarter even as volumes rose. The terms of trade, which measures how much impor...
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