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Air New Zealand shares slip after brokers, instos pile into ‘strongly priced’ selldown
By Jonathan Underhill Nov. 20 (BusinessDesk) – Air New Zealand shares fell when they resumed trading, after many brokers and institutional investors piled into the government’s sale of a 20 percent stake at what some market participants say was a surprisingly strong price. The...
Airwork looks for $40 mln Christmas present in latest IPO
By Paul McBeth Nov. 20 (BusinessDesk) - Aviation services firm Airwork Holdings wants as much as $40 million in the last float before Christmas, which it will put towards funding operations, buying back shares from controlling shareholder Hugh Jones and repaying debt. The Auc...
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...
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