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 stores, and is considering opening its own restaurants in selected …

Port of Taranaki lifted annual profit 57 percent after it reported record revenue servicing the offshore oil and gas exploration industry. Profit rose to $11.7 million in the 12 months ended June 30, from $7.5 million a year earlier, the New Plymouth-based port said in its annual report. Sales rose 23 percent to $55.2 million, the highest ever for the …

Environmental lobbyists criticised plans by Chatham Rock Phosphate to mitigate the impact of its proposal to mine phosphate nodules from the Chatham rise seabed, saying it wouldn’t diminish the risk and uncertainty of the project, and that any economic benefit didn’t trump environmental concerns. Speaking on the second day of a two-month hearing on Chatham Rock’s marine consent application, the …