Business
Property
CORRECT: Overseas buyers missing in action, building consents dip in March
(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...
Finance
UPDATE: BNZ lifts first-half profit 12.2% as lending grows and margins fatten
(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...
Infrastructure
UPDATE: Z Energy shares rise on savings, dividend guidance
(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...
Primary Sector
Alliance expects African swine fever to support meat prices
By Rebecca Howard May 2 (BusinessDesk) - Red meat cooperative Alliance Group said meat prices are strong as the African swine fever outbreak decimates Chinese pork production. Chief executive David Surveyor says meat prices are "generally quite solid at the moment" due to t...
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