16 December 2002 KFC fastfood chain owner Restaurant Brands NZ Ltd will switch chicken suppliers in 2004, from the Tegel division of HJ Heinz to Inghams. “We currently spend about $40 million a year on chicken and changing suppliers will reduce the company’s costs by $5 million-plus each year for the 7-year term of the […]
Archive - local business
Snapshot on local business, week to 3 November 2002
3 November 2002 ASB Capital Ltd, part of ASB Bank Ltd, will issue up $150 million of perpetual preference shares, with a right to accept oversubscriptions of $50 million, carrying a dividend for the 1st year of the greater of 7.4% & the 1-year interest rate swap rate plus a 1.3% margin, and a dividend […]
Snapshot on local business, week to 29 July 2001
Latest: New Mainstreet policy. 24 July 2001 Auckland City has adopted a new policy to make operation of Mainstreet programmes consistent. Fifteen operate in Auckland City. They’re funded through a separate rate and are a partnership between the council, businesses and local communities.
Snapshot on local business, week to 23 March 2003
22 March 2003 Savoy Equities Ltd will make a $514,000 renounceable 1:2 rights issue of 51.4 million new shares at 1c/new share & 1:4 issue of 25.7 million attached options to buy a share at 10c by 30 June 2005. The rights won’t be quoted because of cost. The 1st 2 stations of the $56 […]
Snapshot on local business, week to 25 January 2004
22 January 2004 Fletcher Challenge Forests Ltd’s special shareholder meeting to consider the proposal to sell its forest assets to a consortium led by the Kiwi Forest Group, and to return capital to shareholders, will be held on Friday 20 February at 10am in the ASB Bank Stand, Eden Park. Details on the company website: […]
Snapshot on local business, week to 24 March 2002
24 March 2002 Hearings on the North Shore busway have been completed, involving 13 notices of requirement for land designation & 24 resource consents. Key target dates now are for Transit NZ & North Shore City Council to notify their decisions in May on the commissioner’s recommendations concerning land designation, the Environment Court to hear […]
