Goodman Property portfolio revalued up $185M to record
By Paul McBeth March 6 (BusinessDesk) - Goodman Property Trust says strong demand for good quality industrial sites and generally favourable market conditions contributed to a $185 million revaluation gain on its portfolio. The real estate investor's manager, Goodman (NZ),...
MARKET CLOSE: NZ shares fall from record as global markets come off the boil; Mercury drops
By Paul McBeth March 5 (BusinessDesk) - New Zealand shares fell in light trading, following the end of earnings season, as local investors followed overseas leads where markets were generally weaker. Mercury NZ led the market lower. The S&P/NZX Index declined 13.8 points,...
NZ share market trading perks up in February's earnings season
By Paul McBeth March 5 (BusinessDesk) - Share trading on New Zealand's stock market perked up in February as a glut of company earnings and an index re-weighting gave investors something to mull over. Total equity trades on the NZX rose 11 percent to 248,853 in February fr...
Fitch puts Fonterra on notice over credit rating
By Paul McBeth March 5 (BusinessDesk) - Fitch Ratings has put Fonterra Cooperative Group on notice over its credit rating, saying its asset sale programme will be critical in getting debt under control. The international ratings agency yesterday downgraded the outlook on F...
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