MARKET CLOSE: NZ shares jump as RBNZ signals low rates for longer, Xero climbs on earnings
By Rebecca Howard May 11 (BusinessDesk) - New Zealand shares pushed higher after the central bank held interest rates at a record low and unexpectedly kept its forecast rate track unchanged, stoking demand for dividend-paying stocks including property firms and power companies...
Vital Healthcare to buy hospitals from Acurity for $68M in development partnership
By Rebecca Howard May 11 (BusinessDesk) - Vital Healthcare Property Trust has entered a conditional agreement with Acurity Health Group to become its long-term real estate capital partner, helping redevelopment and grow Acurity’s portfolio of private hospitals in New Zealand....
Government chips in $178M to shore up tourism infrastructure
By Rebecca Howard May 11 (BusinessDesk) - The government announced a new $102 million Tourism Infrastructure Fund alongside $76 million for new and upgraded tourism infrastructure for the Department of Conservation ahead of the 2017 budget. The Tourism Infrastructure Fund...
UPDATE: Xero shares rise 6% as higher revenue brings maiden profit in sight
(Recasts adding CEO comments, updates share price) By Rebecca Howard May 11 (BusinessDesk) - Xero shares climbed 6 percent as the cloud-based accounting software firm moves closer to its first ever profit as customer numbers continue to swell and its 2017 full-year net los...
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