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Argosy sells vacant Albany site at small discount to valuation
By Paul McBeth May 31 (BusinessDesk) - Argosy Property, whose shareholders agreed to corporatise the company after buying out the ANZ Bank-owned manager last year, has sold an empty building in Auckland's Albany suburb for a small discount. The Auckland-based property investor...
NZ dollar falls more than half a US cent on Spain banking concerns, Greek opinion polls
By Hannah Lynch May 31 (BusinessDesk) - The New Zealand dollar fell more than half a US cent amid concerns over how Spain will shore up its banking sector and an opinion poll showed growing support for Greece's anti-bail-out party, sapping demand for growth-linked currencies lik...
Sanford half-year profit growth stalls despite forex hedging gains
By Hannah Lynch May 30 (BusinessDesk) - Sanford, the fishing company, saw half-year profit stall as increased sales of greenshell mussels were offset by declines in hoki, squid, salmon and skipjack tuna prices, and the company took a $2 million impairment on its Australian opera...
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