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Core retail sales weak in August, interest rates on hold

Core retail sales weak in August, interest rates on hold
Wellington, Oct 14 NZPA - Core retail sales, which exclude the vehicle-related industries, fell by a greater-than-expected 0.6 percent in August, leading economists to predict that interest rates will remain low.

Fidelity Life tell shareholders to take no action on Tower bid

Wellington, Oct 1 NZPA - Directors of Fidelity Life Assurance Company Ltd are recommending shareholders take no action this stage after insurer Tower Ltd said it will make an unsolicited cash and scrip takeover offer for all of Fidelity.

Tower to bid for Fidelity Life

Tower to bid for Fidelity Life
Wellington, Oct 1 NZPA - Insurer Tower Ltd has launched a hostile cash and scrip takeover offer for all of Fidelity Life Assurance Company Ltd, which values the target at $118 million.

Planned Yellow Pages sale halted

Planned Yellow Pages sale halted
Wellington, Sept 28 NZPA - The owners of the Yellow Pages Group have withdrawn from a plan to sell the business, which they bought for $2.24 billion more than three years ago, because they are unlikely to achieve a satisfactory price under current market conditions.

Auckland gets big sale of seven-year bonds to investors away

Wellington, Sept 27 NZPA - The new Auckland Council has effectively raised $350 million before it comes into existence on November 1.

Kathmandu full year revenue up 14 pct

Kathmandu full year revenue up 14 pct
Wellington, Sept 24 NZPA - Outdoor equipment and clothing chain Kathmandu is reporting a 14 percent lift in annual revenue to $245.8 million, following its listing last year.

Christchurch stock brokers work remotely due to earthquake

Christchurch stock brokers work remotely due to earthquake
Wellington, Sept 6 NZPA - Disaster plans for share brokers, as required by NZX, worked well in the aftermath of the 7.1 magnitude earthquake which struck the city at the weekend, says one leading Christchurch broker.

NZOG to buyback shares to boost price

NZOG to buyback shares to boost price
Wellington, Sept 6 NZPA - New Zealand Oil & Gas (NZOG) intends to buy back 8.5 million of its ordinary shares to boost its share price, which it says is "significantly below fair value".

Kiwi eases as business confidence takes another dive

Kiwi eases as business confidence takes another dive
Wellington, Aug 30 NZPA - The New Zealand dollar eased this afternoon as another sharp fall in business confidence was reported. The National Bank's Business Outlook report for August showed further signs of economic regression after recovery in the first half of this year.

Electronic card transactions flat in July as fuel sales fall

Electronic card transactions flat in July as fuel sales fall
Wellington, Aug 10 NZPA - The value of transactions using electronic cards in retail industries fell a seasonably adjusted 0.1 percent in July from June, mainly due to a 3.1 percent fall in fuel sales.

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