Metlifecare FY profit up 10%, sees no impact from housing market slowdown
By Rebecca Howard Aug. 28 (BusinessDesk) - Retirement village operator Metlifecare reported a 10 percent increase in full-year profit on the back of resale gains and wider development margins and said it isn't yet seeing any impact from a slowdown in New Zealand's housing mark...
NZ dollar heading for 1.5% weekly decline; eyes on Jackson Hole
By Rebecca Howard Aug. 25 (BusinessDesk) - The New Zealand dollar was headed for a weekly drop of 1.5 percent after weaker forecasts for economic growth and budget surpluses from Treasury and ahead of headlines out of the central banker's symposium in Jackson Hole. The kiw...
CORRECT: KiwiRail's net loss widens and operating surplus falls on earthquake impact
(Fixes CEO name in 6th paragraph, headquarters in 2nd paragraph) By Rebecca Howard Aug. 25 (BusinessDesk) - KiwiRail, the state-owned rail and freight operator, said its full year net loss widened while the operating surplus sank by almost a third due to the impact of the...
New NPT board plans to keep annual dividend steady at 3.6 cents per share
By Rebecca Howard Aug. 25 (BusinessDesk) - NPT's newly installed board confirmed plans to keep the property investor's dividend unchanged this financial year as it works through changes at the company. "The board has undertaken a thorough review of the FY18 business plan an...
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