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News in Brief

News in Brief

Manufacturing sector expands in Sept but lockdowns weigh
Staff reporters | Fri, 15 Oct 2021

The seasonally adjusted PMI for Sept was 51.4, up 11.7 points on Aug. 

A2 climbs as short sellers scared off
Dan Brunskill | Thu, 14 Oct 2021

A share price surge has come at a good time for A2 Milk investors as the MSCI Standard Index will reassess which companies are eligible for the index.

House price inflation eased marginally in Sept
Staff reporters | Thu, 14 Oct 2021

The impact of covid lockdowns meant house sales were down 37.9% in September compared with a year earlier.

Market Close: NZ shares down
Dan Brunskill | Tue, 12 Oct 2021

Property stock prices are suffering as higher market interest rates negatively affect the economics of leveraged property investment.

Comvita: 1Q earnings up 10.6% despite covid disruption
Staff reporters | Mon, 11 Oct 2021

Comvita said $4 million of goods scheduled for delivery in September were pushed into October by covid-related shipping delays.

Radius buys Clare House in Invercargill for $14.5m
Staff reporters | Mon, 11 Oct 2021

Radius is using its recently signed $62 million banking facility to fund the purchase.

Summerset sold 199 units in Sept qtr
Staff reporters | Mon, 11 Oct 2021

Summerset has just a single unit remaining for pre-sale at each of its Te Awa, Casebrook and Bell Block villages.

Northland goes into level 3 covid restrictions
Staff reporters | Fri, 08 Oct 2021

Northland put into level 3 lockdown restrictions

Kiwibank confirms $250m perpetual preference share sale
Staff reporters | Fri, 08 Oct 2021

Kiwibank had the lowest tier 1 capital ratio at June 30 of all registered banks, at 11.9%, so it is no surprise it has decided to raise capital.

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