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.
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:
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
Marlin Global is a listed investment company that invests in growing companies based outside of New Zealand and Australia. The Marlin portfolio is managed by Fisher Funds, a specialist investment mana
When John Berry co-founded Pathfinder in 2009, it was meant to be a branch of Deutsche Bank, where he then worked. But the Global Financial Crisis was an opportunity to go it alone as an independent f
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
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
The Global Bond Trust ('the Fund') is a unit trust, as defined in the Unit Trusts Act 1960. The beneficial interest in the Fund is divided into units with each unit representing an equal interest in t
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
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
By Peter Rudegeair and Gregory Zuckerman Scott Bessent spent the past 40 years studying economic history. Now, as Donald Trump’s choice to lead the Treasury Department, he has the chance to make h
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
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
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
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’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
Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply. A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, whic
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.
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
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
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
By Jonathan Underhill Oct. 9 (BusinessDesk) - The New Zealand dollar rose to the highest level in more than six weeks after minutes of the last Federal Reserve meeting suggested its policymakers were.
Global dairy prices have slipped at the final auction of the year. The overall Global Dairy Trade (GDT) Index eased 2.8% to an average price of US$4,148 (NZ$7,202) a metric tonne, with all prices in
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
New Zealand's Cactus Outdoor has signed a deal to make jackets for the global workforce of Italian civil engineering firm Ghella. Ghella is leading the construction of Watercare’s Central Intercep
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