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Sharemarket recovers lost ground

The sharemarket recovered almost all of yesterday's losses, buoyed by bargain hunters stepping in after markets steadied offshore. The NZSX-50 benchmark index, which yesterday plunged 69 points, closed up 63.5 points, or 2...

Drinks heads won't put warnings on booze (AAP)

The heads of Australia's four main alcohol manufacturing and distribution companies have rejected moves to put health warnings on liquor containers. News Limited newspapers report the booze barons who control Australia's $26...

Japanese companies look overseas for acquisitions

The retreat of private equity firms from the global buyout stage and lower valuations thanks to slumping stock markets are helping smooth the way for outbound acquisitions from a country with a checkered history of making deals.

Alcohol prices set to rise as tax increases

A quiet drink with mates will be more expensive from today as excise taxes on alcohol increase almost 3.5 per cent. Excise tax, sometimes called excise duty, is a type of tax charged on goods produced within New Zealand. DB...

5% hike puts drinkers in low spirits

Forget wine cellars - beer, spirits and ready-to-drink beverages are the alcoholic drinks to stash away this weekend. Prices from major liquor companies will go up more than 5 per cent on Tuesday. DB Breweries, producer of...

Fonterra reportedly in joint bid for Australian dairy company

Fonterra Cooperative Group is reported to be considering a joint bid for Dairy Farmers Australia with National Foods and the Warrnambool Cheese and Butter Factory Co. Dairy Farmers, owned by about 2000 Australian farmers, put...

NZ Stocks: Market hits lowest level in two years

The sharemarket plunged to its lowest in more than two years, joining other markets in hefty declines after Wall Street set a negative tone. Record high oil prices and concerns over US economic and corporate health sparked the...

NZ Stocks: Blue Chip rebound fails to boost NZ market

The sharemarket had a reasonable bounce today, although it failed to match the Australian market's 1 per cent gain, despite a rebound for some blue chip stocks. Both the currency and the sharemarket were relatively unmoved by a...

Ad Track: Cadbury, 'Halo' ads are Cannes champs; see video

CANNES, France — The rivalry of Web vs. TV commercials ended in a tie for the top prize at the Cannes Lions International Advertising Festival. A British TV ad with a drumming gorilla for Cadbury Dairy Milk chocolate and a...

Regional hubs for Mainzeal

Mainzeal Property and Construction, which has just reorganised its business throughout the country, has building work on its books worth about $500 million. Peter Gomm, Mainzeal's chief operating officer, said the firm's...