Snapshot on local business, week to 17 February 2002

12 February 2002 Retail sales rose 0.8% from November to December, seasonally adjusted, Statistics NZ said. October was flat, November was also up, and the result was a 2% increase for the December quarter over the September quarter. Statistics NZ said the December quarter result was boosted by a 7.9% rise (seasonally adjusted) in vehicle […]

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Snapshot on local business, week to 30 March 2003

26 March 2003 Listed financial services group Dorchester Pacific Ltd has signed to sell Sterling Portfolio Management Ltd to Spicers Portfolio Management Ltd, settlement 31 March. Sterling started out in 1993 as Reeves Moses Investorcare NZ Ltd, became Harts Portfolio Management in 2000 when the Reeves Moses business was sold to Harts of Brisbane, and […]

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Snapshot on local business, week to 18 August 2002

14 August 2002 The Reserve Bank left the official cash rate unchanged at 5.75% today.The bank’s acting governor, Dr Rod Carr, said prospects for the international economy had become increasingly clouded since the bank’s May statement, “with sharp falls in equity markets and heightened investor nervousness in the US & elsewhere. Although the New Zealand […]

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Snapshot on local business, August 2000

16 August 2000 Sky City today announced net profit up 32% to $60 million for the year to June, then followed that with a decision to place 20 million shares with New Zealand and Australian institutions at $3.99 for net proceeds of $79.4 million, to be used to buy the infrastructure for the rollout of […]

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Snapshot on local business to July 2000

The SNAPSHOTS series is designed to keep you abreast of events without providing much detail. This series is organised into property and more general business news, locally and internationally. 26 July 2000 UnitedNetworks said today it would install, own and manage underground fibre optic networks in the Auckland and Wellington cbds, as the first stage […]

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