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First Union leading rivals for biggest average pay claims, says bargaining firm
By Pattrick Smellie July 18 (BusinessDesk) - Wage negotiations are becoming tougher, with the First Union leading the pack as it adopts more aggressive tactics to win higher than average wage settlements than competing unions, says Adelhelm & Associates in its 10th annual revi...
Services
Arvida gets 87% uptake in $92 mln rights offer
By Rebecca Howard July 17 (BusinessDesk) - Arvida Group attracted about 86.5 percent uptake in an underwritten offer to existing investors and will now hold a shortfall bookbuild to bridge the difference. The retirement home operator said it raised about $79.3 million of th...
Services
Tourist numbers dip in May on fewer Chinese, Indian arrivals
By Rebecca Howard July 15 (BusinessDesk) - International travel into New Zealand eased in May with fewer visitors arriving from China and India. About 219,300 visitors arrived in New Zealand in May, down 1.2 percent on the year, Stats NZ figures show. The number of Chinese...
Services
Softer June services activity points to economic slowdown
By Rebecca Howard July 15 (BusinessDesk) - Activity in New Zealand's services sector softened in June, adding to a picture of lacklustre economic growth. The BNZ-BusinessNZ performance of services index fell 0.8 of a point in June from May to a seasonally adjusted 52.7. Tha...
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