NZ dollar TWI heads for 1.5% weekly gain on flat rate outlook, growth prospects
By Paul McBeth Dec. 11 (BusinessDesk) - The New Zealand dollar is heading for a 1.5 percent weekly gain on a trade-weighted basis after the Reserve Bank yesterday signalled rates would be unchanged for the next three years, with the local economy still likely to outperform its...
Heartland affirms annual guidance, eyes acquisitions in consumer finance
By Paul McBeth Dec. 11 (BusinessDesk) - Heartland New Zealand, the locally listed bank, affirmed annual earnings guidance, and said it's keen on buying rivals to grow its business, especially in consumer finance. Managing director Jeff Greenslade told shareholders at today...
Precinct plans $681 mln development in downtown Auckland
By Paul McBeth Dec. 11 (BusinessDesk) - Precinct Properties New Zealand, which raised $174.1 million in March to help fund major developments, will go ahead with a planned $681 million development in downtown Auckland, including a 39-storey waterfront office tower and retail c...
Scales to pay bigger dividend after raising annual earnings guidance
By Paul McBeth Dec. 11 (BusinessDesk) - Scales Corp, the country's biggest apple exporter, will pay a bigger dividend to shareholders after again raising annual earnings guidance as a record apple crop drove its horticulture unit, but said it wasn't likely to be repeated in 20...
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