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Vital Healthcare lifts profit 7.8% on revaluation gains, chases ageing Australasian populations

Vital Healthcare lifts profit 7.8% on revaluation gains, chases ageing Australasian populations

By Suze Metherell Aug. 14 (BusinessDesk) - Vital Healthcare Property Trust, New Zealand’s largest listed medical and healthcare property investor, said annual profit rose 7.8 percent as it recognised a $4.9 million revaluation gain in its portfolio. Profit rose to $37.4 mil...

13 Aug 2014
Infratil agrees to sell stake in PayGlobal to MYOB, reaping $9.2 mln

Infratil agrees to sell stake in PayGlobal to MYOB, reaping $9.2 mln

Aug. 14 (BusinessDesk) - Infratil has agreed to sell its 54 percent stake in  shareholding in PayGlobal to MYOB Finance NZ as part of MYOB's takeover of the  payroll and HR management software firm. The Wellington-based investment group said its share of the sale proceeds woul...

13 Aug 2014
NZ dollar gains vs. British pound as lower BoE wage forecast pulls back rate bets

NZ dollar gains vs. British pound as lower BoE wage forecast pulls back rate bets

By Tina Morrison Aug. 14 (BusinessDesk) - The New Zealand dollar rose to a three-week high against the British pound after the Bank of England lowered its estimate for wage growth, prompting investors to push out expectations for higher interest rates. The kiwi touched 50.7...

13 Aug 2014