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.