News in Brief
News in Brief
News in Brief
Summerset's first quarter sales up 14%
Summerset chief executive Scott Scoullar says the retirement village and aged care operator had a strong February and March. In a quarterly trading update to the NZX on Tuesday, Summerset Group reported 290 sales for the quarter ending March 31, with 132 new sales and 158 resales...
News in Brief
Defence spending to rise
The Government’s defence spending will hit more than 2% of Gross Domestic Product (GDP) within the next eight years, with a long-awaited plan released today revealing $12 billion in funding over the next four years, $9 billion of which is “new”.In a statement, Prime Minister Chri...
News in Brief
Outdoor ad firm buys rest of MediaWorks
MediaWorks has been acquired by its majority shareholder.Australia-based outdoor advertising firm QMS, which has owned 54.41% of MediaWorks until Monday, will acquire US hedge fund Oaktree Capital Management’s 45.13% stake, leaving it with 99.54% of the company.The only other sha...
News in Brief
Takeovers Panel will meet on NZME issue
The panel said in a media release today it had met on the issue of Grenon’s shareholding.
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