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Heartland wary of global market volatility in affirming annual earnings forecast

Heartland wary of global market volatility in affirming annual earnings forecast

By Paul McBeth Nov. 21 (BusinessDesk) - Heartland Bank is sticking to existing forecasts for annual profit to rise as much as 13 percent as credit growth and improving asset quality bolster the lender's books, but is watchful of increasingly volatile global financial markets. ...

Paul McBeth 21 Nov 2017
New York-listed Mohawk Industries to buy Australasian carpetmaker Godfrey Hirst for undisclosed amount

New York-listed Mohawk Industries to buy Australasian carpetmaker Godfrey Hirst for undisclosed amount

By Paul McBeth Nov. 21 (BusinessDesk) - Global flooring manufacturer Mohawk Industries has agreed to buy Australasian carpetmaker Godfrey Hirst, known domestically for acquiring failed rival Feltex more than a decade ago.  No price was disclosed in the transaction, which is...

Paul McBeth 20 Nov 2017
Argosy first-half profit drops 58% on unchanged portfolio valuation, dip in rentals

Argosy first-half profit drops 58% on unchanged portfolio valuation, dip in rentals

By Paul McBeth Nov. 21 (BusinessDesk) - Argosy Property posted a 58 percent decline in first-half profit as the firm became the latest listed property investor to report a little-changed portfolio valuation after several years of gains, and was faced with smaller rental income...

Paul McBeth 20 Nov 2017
First NZ Capital eyes wider product offering with Direct Broking deal

First NZ Capital eyes wider product offering with Direct Broking deal

By Paul McBeth Nov. 21 (BusinessDesk) - First NZ Capital will test the waters with customers about what products it should be offering with its new foray into direct wealth, says chief executive James Lee.  The Wellington-based broking and research house has agreed to buy A...

Paul McBeth 20 Nov 2017
First NZ Capital to buy ANZ's DIrect Broking for undisclosed sum

First NZ Capital to buy ANZ's DIrect Broking for undisclosed sum

Paul McBeth 20 Nov 2017
Kiwi Property first-half profit rises 5% on rental income growth; portfolio valuations flat

Kiwi Property first-half profit rises 5% on rental income growth; portfolio valuations flat

Paul McBeth 19 Nov 2017
Bethunes shareholders to vote on Transport Investments Ltd deal next month

Bethunes shareholders to vote on Transport Investments Ltd deal next month

Paul McBeth 19 Nov 2017
NZ households rein in house-price expectations in latest RBNZ survey

NZ households rein in house-price expectations in latest RBNZ survey

Paul McBeth 17 Nov 2017
Precinct raises $100 mln in oversubscribed bond, rate set at 4.42%

Precinct raises $100 mln in oversubscribed bond, rate set at 4.42%

Paul McBeth 17 Nov 2017
Xero chief Drury boosts stock liquidity with $94.5 mln share sale as exchange switch beckons

Xero chief Drury boosts stock liquidity with $94.5 mln share sale as exchange switch beckons

Paul McBeth 16 Nov 2017
NZX goes back to basics in 'fundamental reset'

NZX goes back to basics in 'fundamental reset'

Paul McBeth 16 Nov 2017
NZ consumer confidence dips in November as economic outlook dims

NZ consumer confidence dips in November as economic outlook dims

Paul McBeth 16 Nov 2017
Regulator gives provisional thumbs up to Powerco price hike for $1.27 bln upgrade

Regulator gives provisional thumbs up to Powerco price hike for $1.27 bln upgrade

Paul McBeth 15 Nov 2017
CORRECT: FMA rebukes Goldman Sachs over Warminger trading, scolds NZX over inaction

CORRECT: FMA rebukes Goldman Sachs over Warminger trading, scolds NZX over inaction

Paul McBeth 15 Nov 2017
Tower seeks to leave rivals in the dust with tailored digital insurance model

Tower seeks to leave rivals in the dust with tailored digital insurance model

Paul McBeth 15 Nov 2017
Abano says first-half profit may fall as dental acquisitions take longer to settle

Abano says first-half profit may fall as dental acquisitions take longer to settle

Paul McBeth 14 Nov 2017
Tower shares at record low on concern new capital may be eroded by ongoing quake claims

Tower shares at record low on concern new capital may be eroded by ongoing quake claims

Paul McBeth 14 Nov 2017
Tower to raise $70.8 mln at 45% discount to bolster balance sheet; narrows annual loss

Tower to raise $70.8 mln at 45% discount to bolster balance sheet; narrows annual loss

Paul McBeth 13 Nov 2017
Stride sells three Bunnings stores to Investore for $78.5 mln

Stride sells three Bunnings stores to Investore for $78.5 mln

Paul McBeth 13 Nov 2017
Tower in trading halt pending capital raise, earnings loom

Tower in trading halt pending capital raise, earnings loom

Paul McBeth 13 Nov 2017
Summerset buys more land to beef up $100 mln Casebrook village in Chch

Summerset buys more land to beef up $100 mln Casebrook village in Chch

Paul McBeth 12 Nov 2017
Augusta first-half profit halves on revaluations; tilt to funds management continues

Augusta first-half profit halves on revaluations; tilt to funds management continues

Paul McBeth 12 Nov 2017
Hydroworks creditors face $12.6 mln shortfall, liquidators say

Hydroworks creditors face $12.6 mln shortfall, liquidators say

Paul McBeth 10 Nov 2017