MARKET CLOSE: NZ shares fall from record high ahead of Fletcher, Spark earnings
By Paul McBeth Aug. 16 (BusinessDesk) - New Zealand shares fell from a record led by Fletcher Building and Spark New Zealand ahead of their results over the next two days. Summerset Group rose to an all-time high. The S&P/NZX 50 index dropped 77.68 points, or 1.1 percent,...
Opus International sinks into the red, writing down value of Australian, Canadian units
By Paul McBeth Aug. 16 (BusinessDesk) - Opus International Consultants, the listed engineering firm, sank into the red in the first half after writing down the value of its Australian and Canadian businesses which have struggled on falling oil and gas prices. The Wellingto...
Low interest rates spur 12% lift in Heartland annual profit, dividend up
By Paul McBeth Aug. 16 (BusinessDesk) - Heartland Bank boosted annual profit 12 percent and will pay a bigger dividend, widening margins as low interest rates enabled cheaper funding. Net profit rose to $54.2 million, or 11 cents per share, in the 12 months ended June 30,...
Auckland Council passes unitary plan, with tweaks made public on Friday
By Paul McBeth Aug. 15 (BusinessDesk) - Auckland Council has passed the city's unitary plan allowing for more than 400,000 new residential houses to be built over the next three decades. The local authority will make public its decisions on Friday followed by a 20 working...
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