Snapshot on local business, week to 2 March 2003

27 February 2003 Intriguing economic theory: This 1 reached me tonight as a pass-on-to-10-people message and we’ll cover the country in minutes. Petrol prices could hit $1.35 by winter but campaigns that hurt the consumer and not the oil company don’t get prices back down. The idea in the email: Don’t buy petrol from the […]

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Snapshot on local business, week to 16 March 2003

14 March 2003 The Securities Commission has found the initial public offering by Vertex Group Holdings Ltd was likely to mislead investors because it didn’t adequately disclose the risks, but didn’t find evidence to suggest the directors believed the offer document was misleading. Commission chairman Jane Diplock made some observations which are probably more widely […]

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Snapshot on local business, week to 9 March 2003

9 March 2003 The Commerce Commission has cleared Southern Capital Ltd to acquire 100% of the shares in Hirepool Ltd from Owens Group Ltd. Hirepool has 22 branches in Auckland, the Waikato, Christchurch & Wellington. Southern Capital also owns half of Hire Equipment Group Ltd. 3 March 2003 Westpac Bank’s chief economist & head of […]

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Snapshot on local business, week to 2 February 2003

29 January 2003 New Zealand’s December deficit of $299 million (merchandise imports of $2.669 billion over exports of $2.37 billion) was 12.6% of exports & higher than usual. The provisional value of merchandise imports for the year was $32.355 billion, up 2.1%. Statistics NZ said the dollar rose 4.8% from the September quarter to December […]

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