Recent Posts

Restaurant Brands says fourth-quarter sales rise 19%

Restaurant Brands, New Zealand’s largest fast-food store operator, increased fourth-quarter sales by 19 percent as it benefited from an extra week’s trading, a better performance from its KFC fried chicken unit and the addition of Carl’s Jr. burger chain outlets. Sales at the stores rose to $92.8 million in the 13 weeks ended March 2, from $77.6 million in the year-earlier 12-week period, …

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NZ govt posts small surplus in 7 mths to January as tax take swells

The New Zealand government posted a small operating surplus in the seven months through January as tax revenue beat expectations, while costs were smaller than anticipated. The operating balance before gains and losses was a surplus of $77 million in the seven months ended Jan. 31, compared to a forecast deficit of $635 million and better than the shortfall of $1.06 …

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Trading partners learnt of 1080 threat last month

International trading partners first learnt of threats to contaminate New Zealand-manufactured infant milk formula with 1080 poison in February, more than two months after the first letter containing the threat and a sample of contaminated product were received at Federated Farmers’ head office in Wellington, in late November. Prime Minister John Key told a hastily called press conference at the Beehive this …

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