Summerset 3Q sales slip 4.5% as new units awaited
By Paul McBeth Oct. 4 (BusinessDesk) - Summerset's third-quarter sales fell 4.5 percent as the retirement village operator waits for a large number of new units to come on stream. Total sales of occupation rights declined to 148 in the three months ended Sept. 30 from 155...
NZ dollar drops as US bond yields rise on stronger than expected data
By Paul McBeth Oct. 4 (BusinessDesk) - The New Zealand dollar fell as better than expected US data drove yields on US bonds to a seven-year high, making the greenback a more attractive investment option. The kiwi dropped to 65.31 US cents as at 8am in Wellington from 65.73...
MARKET CLOSE: NZ shares fall as A2 director sells; Fletcher overture rebuffed
By Paul McBeth Oct. 3 (BusinessDesk) - New Zealand shares fell, led by A2 Milk Co, after one of the company's directors sold a small parcel of shares. Fletcher Building declined after surprising investors with a takeover bid for Steel & Tube Holdings. The S&P/NZX 50 index...
Gridlock on community infrastructure bill
By Paul McBeth Oct. 3 (BusinessDesk) - A divide along party lines meant MPs couldn't recommend passing a law making it easier for councils to charge development levies to pay for community infrastructure. Parliament's governance and administration select committee reported...
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