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PFI cautious about new acquisitions as revaluations boost 1H profit
By Paul McBeth Aug. 19 (BusinessDesk) - Property For Industry is an interested, if cautious, buyer of industrial property in a market where rising valuations helped lift the firm's first-half profit by 57 percent. The industrial property investor reported a profit of $46.4...
NZ Steel earnings fall on weaker prices, higher costs
By Gavin Evans Aug. 19 (BusinessDesk) - BlueScope Steel’s New Zealand business reported a 28 percent drop full-year operating earnings due to higher input costs and a drop in prices for export steel and vanadium. Sales revenue for the business, which includes BlueScope’s Pa...
Spat between ihug founder and ex-wife hits High Court
By Victoria Young Aug. 19 (BusinessDesk) - Former ihug co-founder Tim Wood is being sued by his former wife Sasha, in a High Court case involving three Queen's Counsel. Tim is best known for founding internet company ihug with brother Nick, which became New Zealand's third...
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