By Paul McBeth May 3 (BusinessDesk) - Spheria Asset Management spent A$4.8 million building up a 5.3 percent stake in NZME to become the latest Australian fund manager to take a punt on the Kiwi media group. The Sydney-based firm bought almost 10.4 million shares at an ave...
(Fixes incorrect percentage change for actual building consents in 10th paragraph) By Rebecca Howard May 2 (BusinessDesk) - Overseas buyer activity fell off a cliff in the first quarter of the year after restrictions to bar foreigners from snapping up existing homes took ho...
(Updating with comment from 7th paragraph) By Jenny Ruth May 2 (BusinessDesk) - Bank of New Zealand’s first-half net profit jumped 12.2 percent, boosted by gains on the sale of its 25 percent stake in Paymark and increased business and housing lending. The bank, which is...
(Recasts to focus on savings initiatives, adds share price in 8th paragraph, Marpol risk to end) By Gavin Evans May 2 (BusinessDesk) - Z Energy shares rose after the company forecast a $22 million benefit from its efficiency initiatives in the current year and signalled at...