End to Tower's three year dividend drought in sight
By Paul McBeth | Wed, 20 Nov 2019
Tower expects to end a three-year dividend drought in 2020 after getting its books back in the black this year on premium growth and a smaller claims bill. The listed general insurer reported a n...
Vital Healthcare's manager appoints new independent director
By Jenny Ruth | Wed, 20 Nov 2019
Vital Healthcare Property Trust’s manager has appointed a new independent director, Michael Stanford, a former Healthscope director and medical doctor with extensive health sector experience. Stanf...
Argosy lifts first-half profit 15.2% on valuation gains
By Jenny Ruth | Wed, 20 Nov 2019
Property investor and manager Argosy Property lifted first-half net profit 15.2 percent, boosted by a $50.8 million uplift in the value of its properties. Argosy reported a net profit of $76.9 mill...
Metlifecare attracts 'credible' bidder after biggest trading day in 2 1/2 years
By Paul McBeth | Wed, 20 Nov 2019
Metlifecare has suspended its share buyback programme as it considers a "credible" suitor who's lobbed in a sub-par conditional offer.Yesterday, the company's shares had their busiest trading day in m...
Serko to accelerate cash burn with North American push
By Pattrick Smellie | Wed, 20 Nov 2019
Business travel software firm Serko expects to accelerate cash burn in the second half of the current financial year, using proceeds from a capital raising to push hard into the North American market....
NZ dollar rises on lift in dairy prices
By Gavin Evans | Wed, 20 Nov 2019
The New Zealand dollar pushed back above 64 US cents, with the fifth straight increase in dairy auction prices outweighing growing doubts that an interim US-China trade deal will be settled any time s...
Dairy product prices rise, lifted by whole milk powder
By Margreet Dietz | Wed, 20 Nov 2019
by Margreet DietzDairy product prices increased at the Global Dairy Trade auction, as whole milk powder climbed to the highest level in nearly three years. The GDT price index rose 1.7 percent fr...
A2 Milk says brand strength is its best protection
By Jenny Ruth | Wed, 20 Nov 2019
A2 Milk says its best protection against competition over the longer term is the strength of its brand, not its patent protection. Chair David Hearne said that, as tends to happen when others follo...
Freightways intervenes in courier driver contracting case
By Victoria Young | Wed, 20 Nov 2019
Freightways is getting involved in another company’s employment dispute because it is concerned it might set a precedent on whether courier drivers are independent contractors. The company has rec...
