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MARKET CLOSE: NZX 50 rises to new record, Meridian, MRP extend gains
By Suze Metherell Oct. 29 (BusinessDesk) - New Zealand shares rose to a record for a fifth day, paced by Meridian Energy and MightyRiverPower as investors hunted for yield and repositioned portfolios ahead of an international index change. Guinness Peat Group recovered from ye...
Skellerup sees annual profit growth of up to 18%
By Paul McBeth Oct. 29 (BusinessDesk) - Skellerup Holdings, the industrial rubber goods maker, sees annual earnings growth of up to 18 percent as it looks to cash in on growing demand for food safety and clean energy applications. Annual profit of between $21 million and $2...
Vital Healthcare flags A$15.5M of Australian developments, sells NZ property
By Paul McBeth Oct. 29 (BusinessDesk) - Vital Healthcare Property Trust, the country's biggest listed medical and healthcare property investor, has signalled development plans totalling A$15.5 million in Australia, and has sold a New Zealand property as it looks to exit low-gr...
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