Augusta first-half earnings drop 26% as year-earlier syndication deal washes through
By Paul McBeth Nov. 17 (BusinessDesk) - Augusta Capital reported a 26 percent decline in first-half earnings as a year-earlier gain from a syndication deal wasn't repeated and the listed property investor and fund manager predicted volatility in funds management returns. Di...
Advanced Security sees $100 mln opportunity in automated drone spin-off
By Paul McBeth Nov. 17 (BusinessDesk) - Advanced Security Group, which integrates electronic security systems, is planning to build a $100 million revenue company in the next five years with the launch of automated drone surveillance. Auckland-based Advanced Security's sist...
NZ dollar little changed as traders assess US interest rate track
By Paul McBeth Nov. 16 (BusinessDesk) - The New Zealand dollar was little changed against the greenback as investors continue to weigh up whether the Federal Reserve will hike interest rates next month. The kiwi traded at 65.30 US cents at 5pm in Wellington from 65.21 cents...
NZ retail sales rise 1.6% in Sept quarter on robust auto trading, consumer electronics
By Paul McBeth Nov. 16 (BusinessDesk) - New Zealand retail sales volumes rose in the September quarter as strong motor vehicle activity and a pick-up in consumer electronics drove consumer spending, beating expectations. The volume of retail sales gained a seasonally adjust...
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