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The business week in numbers

AAP logoAAP 25/11/2016 Garry Shilson-Josling, Economist

A big building materials acquisition, bumper sales of baby milk powder, an NBN windfall, extra-long times spent unemployed, and lots of empty beds. These are the big and small numbers that grabbed attention - or should have - in the business world over the past week.

MONDAY

$US2.6b - Building materials supplier Boral struck a deal to buy US building products firm Headwaters Incorporated for around $US2.6 billion ($A3.5 billion), which Boral says will more than double its US business and help accelerate development of its light building products platform.

TUESDAY

$NZ155.2m - Good sales during China's biggest online shopping day provided A2 Milk with a bumper start to 2016/17. The dairy producer said revenue in the four months to October was up 96 per cent on the prior year at $NZ155 million ($A148.5 million).

WEDNESDAY

53 cents - Shares in Australian tech firm NetComm Wireless surged on news the company has signed a deal to provide distribution point units for the NBN's fibre-to-the-curb (FTTC) offering. The deal was announced late on Tuesday and by the close of trade on Wednesday NetComm shares were 53 cents higher, up 24 per cent, at $2.74.

THURSDAY

82 weeks - That's how long the average unemployed person aged 55 to 64 had been looking for a job in October. The average is 46 weeks across all age groups, 37 weeks for those under 45, and 70 weeks for those 45 years or older, according to the bureau of statistics.

FRIDAY

676,638 - Hotels, motels and serviced apartment establishments with 15 or more rooms had 676,638 beds and 249,131 rooms in June. The room occupancy rate was 63.9 per cent but the bed occupancy rate was only 39.4 per cent, meaning three out of five bed spaces were empty, ABS figures show.

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