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Investore sells Christchurch supermarket to fund Bunnings purchase

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...

Sophie Boot 01 Mar 2018
Ports of Auckland 1H profit growth stalls as restructuring costs offset revenue gains

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...

Paul McBeth 01 Mar 2018
NZ dollar retreats from overnight highs as Trump tariffs stoke trade-war fears

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...