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Warehouse buys unprofitable Noel Leeming chain from Gresham for $65M

Warehouse Group, the country’s biggest listed retailer, bought consumer electronics and appliance chain Noel Leeming Group for $65 million from Gresham Private Equity. The Auckland-based retailer’s acquisition will be completed today and is expected to add to the company’s earnings immediately, contributing between $4 million to $6 million to earnings before interest and tax in the six months ended Jan. …

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NZ dollar holds above 83 US cents after US payrolls, other data mixed

The New Zealand dollar held above 83 US cents, having rallied in New York on Friday following figures showing the US economy added more jobs than expected and the jobless rate fell. Weaker US consumer sentiment capped the gains. The New Zealand dollar fell to 83.12 US cents from 83.24 cents in late New York trading on Friday. The trade-weighted …

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“TPP has the potential to transform the way we do business” – CEO BusinessNZ

Phil O’Reilly, Chief Executive of New Zealand’s largest business advocacy group – BusinessNZ, came out strongly in support of TPP at Friday’s stakeholder day. best software for graphic design “For a small economy like NZ, which depends for its economic survival on doing business with the rest of the world, the growth in trade in the APEC region has been …

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