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MARKET CLOSE: NZ shares hit record amidst rebalancing, Comvita and Sky TV gain while Pushpay, A2 drop Read more »

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March 16 (BusinessDesk) – The New Zealand dollar is headed for a 0.5 percent weekly decline against the greenback on rising risk aversion as markets fret about a possible trade war and more changes in White House Staff Read more »

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March 16 (BusinessDesk) – The government will invest up to $5 million in wharf upgrades in Northland through the provincial growth fund, regional economic development minister Shane Jones said. Read more »

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March 16 (BusinessDesk) – Deborah Caldwell, the chief executive of the Storm clothing chain, has bought the business from Hallenstein Glasson Holdings for an undisclosed amount. Read more »

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March 16 (BusinessDesk) – Lyttelton Port Company says it’s offering equal terms to members of the Rail and Maritime Transport Union, after talks yesterday broke down and the union said it intends to strike beginning next week. Read more »

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March 16 (BusinessDesk) – Economists see no prospect of acting Reserve Bank governor Grant Spencer lifting the official cash rate in his final review next week and do not expect him to deviate from the line that rates are on hold for the foreseeable … Read more »

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March 16 (BusinessDesk) – Veritas Investments shareholders voted to sell the business and assets of the Mad Butcher franchisor to its chief executive Michael Morton for $8 million at a special meeting held today in Auckland. Read more »

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March 16 (BusinessDesk) – Andrea Moore & Co, the clothing chain that failed in January, “significantly overstated” the value of inventory on its balance sheet and in its stock system, according to receivers McGrathNicol. Read more »

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UPDATE: NZ dairy manufacturer plans to list on ASX to raise up to A$20M for expansion (Adds detail throughout) By Tina Morrison Read more »

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March 16 (BusinessDesk) – Bay of Islands Airport in Kerikeri’s terminal upgrade will get $1.7 million of funding from the provincial growth fund, regional economic development minister Shane Jones has announced. Read more »

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March 16 (BusinessDesk) – The owners of a South Island dairy manufacturer plan to list their company on the Australian Securities Exchange, raising as much as A$20 million to expand. Read more »

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March 16 (BusinessDesk) – New Zealand’s manufacturing activity slowed in February as an early livestock cull last year weighed on primary production at the start of 2018. Read more »

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March 16 (BusinessDesk) – Royal Dutch Shell plans to sell its remaining New Zealand business to Austrian oil and gas giant OMV AG for US$578 million, as part of a US$30 billion international divestment programme. Read more »

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March 16 (BusinessDesk) – NZME chief financial officer Michael Moran has resigned from the newspaper publisher and radio station operator for “personal reasons” after a year in the role. Read more »

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March 16 (BusinessDesk) – Allbirds, the merino wool shoe company co-founded by former New Zealand football star Tim Brown, is adding wood fibre to the range of materials it uses for a new range of sneakers, at a time when wool prices have climbed 50 percent. Read more »

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March 16 (BusinessDesk) – The New Zealand dollar declined after comments from US President Donald Trump’s new economic adviser Larry Kudlow that he favoured a stronger greenback and as commodity prices fell. Read more »

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March 16 (BusinessDesk) – Wall Street was mixed as solid US jobs and manufacturing data offset a drop in shares of pipeline companies such as Energy Transfer Partners and Williams Cos following a regulator ruling that no longer allows them to recover … Read more »

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MARKET CLOSE: NZ shares mixed; Sky TV, Fletcher gain while Spark, Ebos go ex-dividend Read more »

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March 15 (BusinessDesk) – The New Zealand dollar was little changed, benefiting from ongoing US dollar weakness despite initially falling on weaker-than-expected domestic economic growth. Read more »

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March 15 (BusinessDesk) – UBNZ Assets Holdings, the dairy investment company set up for an unsuccessful attempt to acquire the Crafar farms in 2010, has a BMW vehicle that is still subject to a restraining order under the Criminal Proceeds (Recovery) … Read more »