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Michael Hill Dec qtr sales fall 1.3% despite Christmas boost

Article – BusinessDesk

Jan. 16 (BusinessDesk) – Michael Hill International reported a 1.3 percent decline in December quarter sales, with only its Canadian business reporting improved sales in the key pre-Christmas period. Read more »

Wage pressures missing in action

Article – BusinessDesk

Jan. 16 (BusinessDesk) – Confidence in the labour market rose strongly in December, reaching its highest level since early 2008, but wage pressures remain tepid. Read more »

NZD treads water ahead of Brexit vote

Article – BusinessDesk

Jan. 16 (BusinessDesk) – The kiwi stuck to a tight range ahead of the Brexit vote in the UK, helped by new China stimulus and a solid overnight milk auction. Read more »

Dairy product prices climb

Article – BusinessDesk

Jan. 16 (BusinessDesk) – Dairy product prices gained at the Global Dairy Trade auction, as stronger demand pushed prices higher for the fourth straight auction. Read more »

QV says house prices rose 3.2% in 2018

Article – BusinessDesk

Jan. 16 (BusinessDesk) – Quotable Value says its house price index rose 3.2 percent in the year ended December, a slowdown from Novembers 3.5 percent annual reading. Read more »

MARKET CLOSE: NZ shares drift after US stocks ease

Article – BusinessDesk

Jan. 15 (BusinessDesk) – New Zealand shares drifted in quiet trading after US stocks ended in the red. Spark slid while A2 Milk helped shore up the index. Read more »

NZ dollar nudges higher ahead of key Brexit vote

Article – BusinessDesk

Jan. 15 (BusinessDesk) – The New Zealand dollar rose a little after somewhat better-than-expected business sentiment data but investors main focus is the key vote on British Prime Minister Theresa Mays Brexit plan due 8am tomorrow New Zealand time. Read more »

Better but still weak business confidence: a signal to cut?

Article – BusinessDesk

Jan. 15 (BusinessDesk) – ANZ Bank economist Liz Kendall says the New Zealand Institute of Economic Researchs latest quarterly survey of business opinion shows the Reserve Bank will eventually need to cut interest rates. Read more »

More court action this week over Rod Duke’s helipad

Article – BusinessDesk

Jan. 15 (BusinessDesk) – Opponents of a helipad that Briscoes boss Rod Duke is building on an inner city Auckland beach are furious that Auckland Council has given permission for some work on the helipad/boatshed site, despite the High Court quashing … Read more »

December food prices up on year

Article – BusinessDesk

Jan. 15 (BusinessDesk) – Food prices lifted on the year in December as a tumble in fruit and vegetable prices was offset by increases in other products like eggs. Read more »

Businesses become less gloomy as demand lifts: QSBO

Article – BusinessDesk

Jan. 15 (BusinessDesk) – Business confidence improved somewhat in the December quarter but still remains deeply pessimistic, the latest quarterly survey of business opinion by the New Zealand Institute of Economic Research shows. Read more »

NZ dollar firms; improved business confidence expected

Article – BusinessDesk

Jan. 15 (BusinessDesk) – The New Zealand dollar firmed ahead of business confidence data today expected to show a lift in sentiment since October. Read more »