Investore to raise $80m to buy property portfolio
By Victoria Young | Tue, 19 Nov 2019
Investore Property is seeking money from investors so it can fund the $140.8 million purchase of three big retail stores from its manager Stride Property. Stride spun out Investore in 2016 and reta...
Judges recommend changes to help Chinese litigants
By Victoria Young | Tue, 19 Nov 2019
Research into challenges faced by growing numbers of Chinese litigants has seen judges recommend minimum standards for interpreters and changes to court processes. Mai Chen’s Superdiversity Instit...
Napier Port beats FY forecast; monitoring log export outlook
By Gavin Evans | Tue, 19 Nov 2019
Full-year earnings at Napier Port Holdings beat the company’s prospectus forecast by 3.2 percent on record log volumes and as higher than projected refrigerated cargo volumes boosted container volumes...
A2 shares surge on stronger margin outlook
By Jenny Ruth | Tue, 19 Nov 2019
A2 Milk shares jumped 14.2 percent after it said it expects annual operating profit margin will be stronger than previously communicated and in the range of 29-30 percent.The shares jumped to $14.62 f...
A2 raises operating profit margin expectations
By Jenny Ruth | Tue, 19 Nov 2019
A2 Milk says it expects annual operating profit margin will be stronger than previously communicated and in the range of 29-30 percent. On Aug. 21 when it released its annual results, A2 said it ex...
Arvida on track as first-half profit climbs 47%
By Victoria Young | Tue, 19 Nov 2019
Arvida Group, the retirement village and aged care facilities operator, said it expects earnings momentum to continue after first-half profit rose by 47.4 percent, buoyed by increased property valuati...
NZ dollar holds above 64 US cents on improved local data, dairy outlook
By Gavin Evans | Tue, 19 Nov 2019
The New Zealand dollar held above 64 US cents on the back of improving local data and the prospect of a further lift in prices at the next Global Dairy Trade auction. The kiwi was barely changed at...
Kiwi Property eyes apartments, funds management
By Jenny Ruth | Tue, 19 Nov 2019
Kiwi Property Group is investigating ways of branching out from its core business, including moving into funds management, as Stride Property has done, and building apartment complexes to rent.Over th...
MARKET CLOSE: NZ shares fall as Sky TV, Steel & Tube warn on earnings
By Paul McBeth | Mon, 18 Nov 2019
New Zealand shares fell as investor confidence was dented by profit warnings from Sky Network Television and Steel & Tube Holdings. The S&P/NZX 50 Index declined 21.54 points, or 0.2 percent, to 1...
NZ dollar becalmed, awaiting reasons to move
By Jenny Ruth | Mon, 18 Nov 2019
The New Zealand dollar was little changed as the market awaited further explanations from central banks in Australia and the United States of their current monetary policy stances and for further news...