UPDATE: Kiwi Property lifts annual profit 15% as valuations rise
By Jenny Ruth | Sun, 19 May 2019
(Updates with further details from par 8) By Jenny Ruth May 20 (BusinessDesk) - Kiwi Property Group says annual net profit rose 15 percent, driven mainly by the rising values of its properties....
Goodman NZ collects first performance fee in 10 years
By Jenny Ruth | Wed, 15 May 2019
By Jenny Ruth May 16 (BusinessDesk) - Goodman Property Trust’s manager is pocketing an $8.6 million performance fee for the year ended March, the first time Goodman NZ has earned a performance fee...
Goodman Property profit jumps 64.7% on valuation and development gains
By Jenny Ruth | Tue, 14 May 2019
By Jenny Ruth May 15 (BusinessDesk) - Goodman Property Trust lifted annual statutory net profit 64.7 percent, boosted by big valuation gains and as its manager sold assets and developed new ones to...
UPDATE: Auckland house price deflation accelerates as sales volumes plummet
By Jenny Ruth | Tue, 14 May 2019
(Updates with comment and further details from 4th par) By Jenny Ruth May 14 (BusinessDesk) - The decline in Auckland house prices is starting to accelerate as the number of house sales plummet,...
Rural Equities sells second-largest property
By Gavin Evans | Mon, 13 May 2019
By Gavin Evans May 14 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell its second-largest property as it rejigs its portfolio. Puketota...
UPDATE: Synait shares dive after unfavourable court decision on Pokeno
By Jenny Ruth | Fri, 10 May 2019
(Updates throughout to add further comments from Synlait and from the Court of Appeal judgment.) By Jenny Ruth May 10 (BusinessDesk) - Synlait Milk says it is confident it can find a solution to...
PM hints at wriggle room on KiwiBuild target of 100,000 homes
By Pattrick Smellie | Thu, 09 May 2019
By Pattrick Smellie May 9 (BusinessDesk) - Prime Minister Jacinda Ardern added further weight to speculation that the government is preparing to shift the goalposts on its KiwiBuild initiative to b...
RESEND: PFI shareholders approve a 39% hike in directors' fees
By Jenny Ruth | Wed, 08 May 2019
(Removes hold in headline) By Jenny Ruth May 8 (BusinessDesk) - Property for Industry’s shareholders have overwhelmingly approved substantial increases and changes in the structure of directors’...
KiwiSaver the favoured investor vehicle, survey shows
By Paul McBeth | Tue, 07 May 2019
By Paul McBeth May 7 (BusinessDesk) - KiwiSaver is the country's favourite investment asset class, closely followed by an old-fashioned savings account, although Kiwis still largely see residential...
Goodman trust won't adopt new NZX rules for managed funds
By Jenny Ruth | Sun, 05 May 2019
By Jenny Ruth May 6 (BusinessDesk) - Goodman Property Trust’s manager says that it won’t be adopting new NZX rules for managed investment schemes but will remain subject to the rules applying to mo...
Govt blocks land sale for Waihi tailings expansion
By Gavin Evans | Fri, 03 May 2019
By Gavin Evans May 3 (BusinessDesk) - Miner OceanaGold has had its bid to buy land for a new tailings dam near its Waihi mine turned down by the government. The ASX-listed firm, New Zealand’s bi...
NZ dollar climbs a little on poor Australian housing data
By Jenny Ruth | Fri, 03 May 2019
By Jenny Ruth May 3 (BusinessDesk) - The New Zealand dollar firmed slightly after further bad news about Australia’s housing market but ended down on the week as investors bet on the chance of a ra...