Recent Posts

NZ unemployment falls to three-year low in 4Q as jobs growth beats estimates

New Zealand’s unemployment rate fell to a three-year low in the fourth quarter of 2013 as jobs growth beat expectations, led by gains in the retail, accommodation and hospitality sectors. The unemployment rate fell to 6 percent in the three months ended Dec. 31, in line with the forecast by a Reuters survey of economists, and down from 6.2 percent …

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Kathmandu taps David Kirk as chairman, replacing interim chair Harvey

Kathmandu, the outdoor clothing chain, named David Kirk as chairman, replacing John Harvey, who took up the role after the death of former chair James Strong in early 2013. The new position adds to Kirk’s existing role as chairman of Trade Me, which he has held since the auction website listed in 2011. He was appointed to Kathmandu’s board as …

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Apple NZ almost doubles FY profit, pays $2.5 mln tax, extracts dividend

Apple Sales New Zealand, the local unit of the iPad and iPod maker, almost doubled annual profit on largely flat sales, while extracting a dividend that eclipsed earnings. Net profit jumped to $10.5 million in the 12 months ended Sept. 28, from $5.5 million a year earlier, while sales slipped 1.5 percent to $565.6 million, according to the company’s financial …

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