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Infratil annual earnings rise 2.5% on bigger contribution from retirement village units
By Paul McBeth May 18 (BusinessDesk) - Infratil lifted annual underlying earnings by 2.5 percent, meeting guidance, as its Metlifecare and RetireAustralia investments delivered bigger contributions. The listed investment firm said it is still looking for assets to buy. Und...
Heartland posts 10% gain in 9-month profit, delays capital return to hunt for acquisitions
By Jonathan Underhill May 18 (BusinessDesk) - Heartland Bank posted a 10 percent gain in nine-month profit while delaying a planned return to shareholders, saying market volatility had creating opportunities for acquisitions which may be a better use of its capital. Heartla...
Steel & Tube cuts full-year guidance on margin squeeze, mesh costs
By Jonathan Underhill May 18 (BusinessDesk) - Steel & Tube Holdings, the NZX-listed steel products distributor under fire for sales of seismic steel mesh that wasn't independently tested, cut its full-year guidance and said underlying earnings may fall 10 percent to 15 percent...
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