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NZ dollar sets new records against Aussie, euro

By Tina Morrison   March 23 (BusinessDesk) – The New Zealand dollar set new records against the euro and the Australian dollar as investors sold the greenback on concern the US may hike interest rates later than previously expected.   Over the weekend, the kiwi touched a post-float record 97.46 Australian cents, beating its previous high of 97.22 cents from …

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Pumpkin Patch says nothing certain after talk of approaches sends stock soaring

March 23 (BusinessDesk) – Pumpkin Patch, whose shares soared on Friday after the children’s clothing retailer announced it was seeking proposals to acquire or refinance the company, said today that it was too soon to predict an outcome or what value any proposal would put on the company.   The shares jumped 33 percent to a four-month high 28 cents on Friday after the …

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Warehouse says 63% of permanent staff now on ‘career retailer wage’ that would be template for other industries

Mark Powell, chief executive of retailer Warehouse Group, says he hopes to eventually see someone promoted to his role that started out in the Red Shirts in Schools programme as a 16 year old.   “There’s not many companies that can say that anymore, but it’s possible in our industry and in our business,” he said.   Powell’s comments came at the official opening …

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