Retail
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New car registrations shrink for first year in ten
New car registrations in 2019 posted their first calendar-year decline in a decade as tailwinds supporting earlier record sales subsided, Motor Industry Association figures show. Some 154,479 new passenger and commercial vehicles were registered last year, down from a record 161...
Property
Fletcher: better year ahead after slight gain in 2019?
Fletcher Building shares ended calendar 2019 in positive territory for the first time in three years, gaining 4.3 percent.Last year's gain follows a 34.7 percent decline in 2018 and a 28.3 percent fall in 2017 after 2016's 50.6 percent gain.Fletcher shares began 2016 at $6.97, pe...
Services
Restaurant Brands buys California chain at opportune time: CFO Ellis
Restaurant Brands' US$73 million-plus purchase of KFC and Taco Bell stores in Southern California allows the company to buy at low multiples a business that has just passed a low point, according to chief financial officer Grant Ellis."In the last couple of years, it has had quit...
Services
Restaurant Brands to buy 70 California stores for US$73m
Restaurant Brands is to pay US$73 million for 70 KFC and Taco Bell stores in Southern California as part of its US expansion plan.The acquisition includes 59 KFC stores and 11 combined KFC and Taco Bell stores as well as a head office facility. It is subject to the approval of Yu...
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