Tuesday , May 30 2017
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Australia’s Quattro in talks to buy Precinct and Goodman properties

Quattro Asset Management, an Australian fund manager, is in negotiations to buy two Auckland industrial assets from Goodman Property Trust and two office towers in Wellington and Auckland from Precinct Properties New Zealand The Sydney-based investor is in talks with Goodman to buy its Enterprise Park at Wiri and SuperCheap Auto, part of the Savill Link …

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Firms stick to steady as she goes on employment front, survey says

Nearly two-thirds of employers intend keeping headcount steady this quarter, according to the latest Hudson quarterly report on employment trends. However hiring intentions dipped 1 per cent to 30.8 percent, back to the same level as the start of the year. The continuing fall in the unemployment rate to 5.6 …

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NZ dollar catches breath after yesterday’s slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month, selling the kiwi in an attempt to push its value down and benefit exporters, and Prime Minister John Key suggested a “Goldilocks” level far lower than at …

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MARKET CLOSE:NZ shares rise on weaker kiwi; Fletcher gains, Meridian drops

New Zealand shares rose as a weaker kiwi dollar attracted investors to stocks with currency exposure such as Fletcher Building and Fisher & Paykel Healthcare. Meridian Energy extended its fall from a record. The NZX 50 Index increased 6.019 points, or 0.1 percent, to 5259.507. Within the index, 22 stocks rose, 19 fell and nine …

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Burgerfuel to bring franchise stores in-house

Burger Fuel Worldwide, the NZAX-listed fast food chain franchisor, plans to bring its franchise stores in-house which it expects will deliver greater profitability, and has bought the Henderson, Auckland store for an undisclosed sum. The Auckland-based fast food chain is targeting at least a 20 percent return on investment from its company-owned …

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