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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...
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...
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...
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