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By Ric Spooner (Chief Market Analyst, CMC Markets)
Lower overseas markets are likely to see a cautious tone on our market this morning on what looks like being a relatively quiet day in terms of fresh news.
More than $15 billion worth of building work was carried out in 2014, Statistics New Zealand said today. The latest value was $2.8 billion higher than in 2013, a 23 percent rise.
Navman Wireless and Teletrac Inc., two of the leaders in the GPS fleet and asset tracking space, have merged to create one of the world’s largest global telematics organisations.
Spark New Zealand announced today it has entered into a conditional agreement to sell 100% of share capital in Telecom Rentals Limited (TRL) for $106 million to FlexiGroup Limited.
TRL earns approximately $5 million of EBITDA per annum.
- Global dairy prices consolidate after recent strong gains in February.
- European and US data solid, but inflation pressures remain absent.
With the impending arrival of Netflix in New Zealand, Orcon is offering new customers who sign up to any Orcon Unlimited plan on a 12 month contract from April 1 a credit equal to six months free Netflix.
BurgerFuel has announced the opening of their third Queensland restaurant this week, taking the total number of BurgerFuel outlets in Australia to six, and the global total to 70, with stores also located in New Zealand, the United Arab Emirates, Saudi Arabia, Egypt and Kuwait.
Following a record number of applications, FMG has this year offered an additional place on its Agriculture Scholarship programme - rewarding three outstanding school leavers.
Provisional residential data from New Zealand’s largest real estate group, Harcourts for the month of February shows that the average property price in Auckland/Northland is at a 12 month high of $767,254.
New Zealand process mapping software company Promapp Solutions Limited has appointed Sarah Berkowski as chief marketing officer. With nearly 20 years of experience in senior marketing roles in North America, Sarah is charged with directing Promapp’s entry into that market.
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