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Goodman Property says 1H distributable earnings climb 23 percent , affirms annual guidance
Nov. 20 (BusinessDesk) – Goodman Property Trust, New Zealand’s biggest listed property investor, said its distributable first-half earnings rose 23 percent and affirmed its guidance for full-year profit. Distributable earnings, a measure of profit that strips out valuation move...
IRD files to liquidate ex-MediaWorks holding companies over $22.1 mln tax bill
By Paul McBeth Nov. 20 (BusinessDesk) - The Inland Revenue Department has filed applications to liquidate former MediaWorks companies over a disputed $22.1 million relating to past financing arrangements that have since been deemed avoidance in the courts. The receivers of Ex...
NZ dollar gains ahead of Bernanke speech, US retail sales, FOMC minutes loom
By Paul McBeth Nov. 20 (BusinessDesk) - The New Zealand dollar gained ahead of a speech by outgoing Federal Reserve chairman Ben Bernanke, and as US data and minutes to the last Fed policy meeting loom. The kiwi rose to 83.43 US cents at 8am in Wellington from 83.10 cents at...
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