Pernod Ricard's Millstream unit more than doubles full-year profit, assesses quake costs
By Rebecca Howard Dec. 23 (BusinessDesk) - Pernod Ricard’s New Zealand unit Friday reported an annual profit that more than doubled but warned it was still assessing the financial impact of the 7.8 magnitude Kaikoura earthquake that rattled the country in November. The li...
Partners Life first-half insurance profit rose 14%
By Jonathan Underhill Dec. 23 (BusinessDesk) - Partners Life, a life insurance company whose owners include private equity firm Blackstone, said first-half earnings rose 14 percent as premium income grew faster than expenses. Life company underlying profit rose to $5.1 mill...
YEAR IN REVIEW: Sheen comes off NZ yield story as global interest rates rise
By Jonathan Underhill Dec. 22 (BusinessDesk) - New Zealand's benchmark S&P/NZX 50 Index reached a record in September but its 10 percent correction since then puts it on track for the slowest pace of growth in five years. The 2016 year also confounded many stock pickers. Di...
Augusta to buy 33 Broadway in Auckland for $143 mln
By Rebecca Howard Dec. 22 (BusinessDesk) – Augusta Capital said its Augusta Funds Management unit has inked a deal to purchase a development in Newmarket, Auckland, for $143 million. The Auckland-based fund manager and property investor said it has entered an agreement with...
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