Listed Companies
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Property
Goodman eyes new retail bond ahead of maturity
Goodman Property Trust will likely offer a new retail bond to replace a $100 million bond maturity in December to keep its bank funding available for other uses. Chief financial officer Andy Eakin told Goodman's annual meeting of unit holders that despite “ample capacity” to r...
Infrastructure
Z Energy forecasts halving of first-half earnings
Z Energy has warned its first-half operating earnings may be half those a year ago amid low refining margins and tough retail discounting. The country’s largest fuel retailer today reported $38 million of earnings before interest, tax, depreciation, amortisation and changes in...
Markets
MARKET CLOSE: NZ shares surge on optimism over tech sector, covid vaccine
New Zealand shares jumped on growing optimism among investors that US tech companies will deliver strong earnings in the current earnings season and that potential covid-19 vaccine trials are showing promise. The S&P/NZX 50 Index gained 183.57 points, or 1.6 percent, to 11,73...
Infrastructure
NZ Steel says review seeks sustainable business
Halting production at Glenbrook is not the goal of a strategic review of New Zealand Steel, the company says. The review, announced by parent company BlueScope Steel on Friday, aims to reshape the business for the future, NZ Steel chief executive Gretta Stephens said. “Whil...
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