Acurity cost-cutting improves 1H earnings, warns on pace of private sector growth

Sun, 03 Nov 2013

By Paul McBeth Nov. 4 (BusinessDesk) - Acurity Health Group, the private hospital owner and operator formerly known as Wakefield, has boosted first-half earnings as it stripped out costs, while warning that private healthcare operators are still in decline. Net profit climbed to $4.1 million, or 24 cents per share, in the six months ended Sept. 30, from $2.4 million, or 14 cents a year earlier, the Wellington-based company said in a statement. That was at the top end of last month’s forecast range between $3.9 million and $4.1 million, and...
MARKET CLOSE: NZ shares rise as optimism over covid drug buoys Asia
Dan Brunskill | Mon, 13 Jul 2020

New Zealand shares joined a rally across Asia, as upbeat investor sentiment spilled over from Wall Street's close on Friday on optimism over a late-stage trial for a hopeful covid-19 treatment.  Th...

Law & Regulation
SFO probes Labour Party on donations
Victoria Young | Mon, 13 Jul 2020

The Serious Fraud Office has confirmed a fifth investigation into electoral funding, stating today it is looking into donations to the Labour Party.The agency said the probe relates to donations made...

NZ dollar little changed as global shares defy worsening covid news
Jenny Ruth | Mon, 13 Jul 2020

The New Zealand dollar was little changed as traders awaited further trend-setting information and as rising share markets were offset by Florida reporting a US record for new covid infections. The...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.