Investore FY profit falls 16% on smaller valuation gain, signals flat dividend for 2020
By Paul McBeth May 21 (BusinessDesk) - Investore Property posted a 16 percent decline in annual profit as it reaped a smaller valuation gain on its large-format retail property portfolio than a year earlier. Net profit fell to $38.6 million in the 12 months ended March 31...
Auditors need to come out of the shadows and explain the value they add: FMA
By Paul McBeth May 21 (BusinessDesk) - Financial Markets Authority chief executive Rob Everett wants the audit profession to explain how it adds value to investors, who are largely sceptical of their benefit. The market watchdog commissioned Buzz Channel to survey retail a...
MARKET CLOSE: NZ shares gain as Liberal win in Australia boosts bank stocks
By Paul McBeth May 20 (BusinessDesk) - New Zealand shares rose as Australian bank stocks were buoyed by the Liberal-National coalition's electoral win over the weekend, removing the threat of tax changes. The S&P/NZX 50 Index increased 53.35 points, or 0.5 percent, to 10,2...
Licensing key to medicinal cannabis firm Cannasouth's ambitions
By Paul McBeth May 20 (BusinessDesk) - Medicinal cannabis firm Cannasouth is poised to become NZX's first initial public offering in two years and is touting its ability to secure licences and strong relationships with regulators as selling points. The Waikato-based compan...
Prev
