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imf bentham backed cbl claim to collide with lpf backed suit
Law firm Glaister Ennor and Australian litigation funder IMF Bentham applied to the High Court on Monday to start a class action against CBL Corp on behalf of Basil Ian Livingstone and others who coll
asset plus considers sale of key property possible winding up
Listed property investor Asset Plus has reported an improved net loss of $5.3 million for 2024, helped by lower revaluations of its remaining assets. This compares with a loss of $13m in 2023. Asset
amp eyes potential asset sales
Trans-Tasman financial services company AMP said it is reviewing its assets to see whether it should sell any or whether its "current mix of assets and businesses delivers the best value for sharehold
fonterra taps jarden jp morgan and craigs for asset sales
Fonterra has appointed its investment bankers to help with potential asset sales. The co-operative announced plans two months ago to examine options for its consumer business, Oceania, and Sri Lankan.
asset plus knocked into the red by revaluation
Asset Plus reported a net loss of $14.6 million in the 12 months ended March 31, turning around a profit of $3.8 million a year earlier, due to a $19.1 million write down in the fair value of its prop
sp lowers asset finances credit rating to b
By Jenny Ruth March 18 (BusinessDesk) - International ratings agency Standard & Poor’s Corp says it has lowered Asset Finance’s credit rating to "B-" following its changing ownership. London-base
heartland raises 2015 profit forecast on asset growth
By Tina Morrison Jan. 28 (BusinessDesk) - Heartland New Zealand, the bank formed from the merger of Marac Finance with Southern Cross and Canterbury building societies, raised its 2015 profit forec
business breakdown asset sale by stealth
By Fiona Rotherham June 30 (BusinessDesk) - Overseas experience has shown government plans to sell off state houses to social housing providers carries serious risks, says Opposition leader Andrew Lit
watercare picks contractors for 35b asset renewal programme
Auckland water services provider Watercare has picked 34 contractor and consulting companies, including 15 Māori businesses, to work on its $3.5 billion infrastructure renewal programme. The successf
dorchester property units halted pending asset sale
By Paul McBeth May 14 (BusinessDesk) - Trading in units of Dorchester Property Trust, the hotel investor spun out of the financier and insurer formerly known as Dorchester Pacific five years ago, has
christchurch council slams the door on asset sales
Christchurch councillors have shot down a proposal for their commercial holding company to take a more active portfolio management role, including potential asset sales. Christchurch City Holdings (CC
asset plus shareholders approve development capital raise
Asset Plus shareholders overwhelmingly approved a $120 million plan to develop an office building in Albany with 96.8 percent of shares voted in favour. Those shares accounted for more than 61 percent
canterburys airport stadium asset sale deal
Canterbury’s regional council last year proposed buying a stake of Christchurch International Airport from city authorities. Environment Canterbury (ECan) framed the bid as a way of helping Christ
asset plus progresses towards wind up
New Zealand Exchange-listed property minnow Asset Plus has announced a special dividend, subject to the settlement on the sale of its 35 Graham Street property in central Auckland. The five cents per.
heres where major asset managers are investing
Infratil manager Morrison recently told investors in the New Zealand stock exchange-listed company that global infrastructure deal activity reached a new low in 2023. In the June quarter of last yea
happy asset owners get risky
New Zealanders who own assets are feeling wealthier and taking bigger risks as the economy emerges from the pandemic in good shape. Kiwi Wealth’s State of the Investor Nation survey shows a rebound
christchurch council greenlights asset sale evaluation
Christchurch city councillors have agreed to undertake work looking at how the council could rebalance its investment portfolio. However, as mayor Phil Mauger said at a council meeting on Wednesday:
asset plus net profit falls 88
Vacancies, higher interest rates and debt saw half-year net profit for property investor Asset Plus plummet by 88%. Net profit after tax for the company dropped to $294,000 for the six months ended Se
spark board mum on future of dividend asset sales
Spark’s leadership remained tight-lipped around plans for its dividend and asset sales at the company’s annual meeting on Friday. On Wednesday, the board announced a 4% drop in guidance for earni
asset plus considers new strategy
Property developer Asset Plus, which is managed by Centuria NZ, owned by Australian stock exchange-listed Centuria Capital, reported a net loss of $13.05 million for the March 31 financial year, down.
allied farmers to repay crown asset management 2m after asset sale bond issue
By Paul McBeth Aug. 4 (BusinessDesk) - Allied Farmers, which is rebuilding from a disastrous takeover of the Hanover and United Finance loan books, plans to repay $2 million to Crown Asset Management
spark outlines more possible asset sales
Spark New Zealand counts its software transfer business MATTR and its 38.12% shareholding in the trans-Pacific Southern Cross Cables business as “non-core” and potentially for sale. Chief executiv
lessons in asset classes
How to make a portfolio. Take three simple ingredients – cash, bonds and equities – and mix to taste. While the basic recipe hasn’t changed much since the late Harry Markowitz cooked up "Modern
asset plus
Under Augusta’s management, Asset Plus focuses on a Yield Plus Growth investment strategy, targeting long term total returns that are greater than the benchmark return threshold detailed by the NZX
jp morgan asset management and craigs investment partners sign mou
JP Morgan Asset Management and Craigs Investment Partners announced a strategic partnership with a multi-year memorandum of understanding. The partnership aims to leverage the strengths of both organi
Finance News
Finance
$400m Christmas bonus for Cryptopia victims
This is the first big payout since a hack and theft in 2019.
Finance
Auditing the Auditors
Audit fee rise is NZ playing ‘catch up’
Auditors have relied on importing talent, says NZSA's Oliver Mander.
Finance
HYEFU: Big bump to bond programme
Looser than expected fiscal policy drives a much bigger bond programme.
*All returns are per annum, after fees and before taxes. Data updated at 1:07am 22 December 2024 (NZT)
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