Summerset Group's total assets jump 24% to $3b, 1H net profit eases slightly
By Rebecca Howard Aug. 13 (BusinessDesk) - Summerset Group reported a slightly lower first half net profit as valuation gains for the retirement village operator and developer continued to ease but its total assets jumped to more than $3 billion. Underlying earnings, which...
NZ dollar weighed by tensions in Hong Kong, political turmoil in Argentina
By Rebecca Howard Aug. 13 (BusinessDesk) - The New Zealand dollar fell as global risk appetite was dented by escalating tensions in Hong Kong and political ructions in Argentina. The kiwi was trading at 64.46 US cents at 8am versus 64.69 US cents at 5:05pm in Wellington. Th...
UPDATE: Fonterra scraps dividend on expected FY loss, won't meet debt target
(Recasts lead to include debt target and updates to add detail, comment from Fonterra and analyst) By Rebecca Howard Aug. 12 (BusinessDesk) - Fonterra Cooperative Group expects to report a full-year loss of up to $675 million and won't pay a dividend as it slashes the carry...
Fonterra says it won't pay a dividend this year; expects FY loss of up to $675m
By Rebecca Howard Aug. 12 (BusinessDesk) - Fonterra Cooperative Group said it expects to report a full-year loss of $590 million to $675 million and that it won't pay a dividend as it slashes the carrying value of assets around the world. Chair John Monaghan said in light o...
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