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Investore sells Christchurch supermarket to fund Bunnings purchase
By Sophie Boot March 2 (BusinessDesk) - Investore Property has sold its Countdown supermarket in Hornby, Christchurch for $21.5 million to help fund its recent acquisition of three Bunnings stores. Settlement is due on March 23, and the deal represents an initial yield of 6...
Ports of Auckland 1H profit growth stalls as restructuring costs offset revenue gains
By Paul McBeth March 2 (BusinessDesk) - Ports of Auckland reported flat first-half earnings and trimmed its interim dividend payment to the city as the cost of introducing greater automation offset a 9.1 percent increase in revenue. Net profit slipped to $29.2 million in t...
NZ dollar retreats from overnight highs as Trump tariffs stoke trade-war fears
By Jonathan Underhill March 2 (BusinessDesk) - The New Zealand dollar has gained from its levels late yesterday but has retreated from its overnight highs after US President Donald Trump announced tariffs on imported steel and aluminium stoking concern he may trigger a trade w...
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