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RBNZ likely to highlight dairy, household debt in financial stability report
Expect the Reserve Bank to again highlight key vulnerabilities of pockets of high dairy debt and financially stretched households when it hands down its latest financial stability report on Wednesday. “We've still got a highly leveraged dairy sector and we've still go a highly...
Property
Metroglass first-half profit falls 15%, downgrades annual outlook
Metro Performance Glass said first-half net profit fell 15 percent due to variable construction activity and heightened competition. The glass manufacturer has also downgraded its full-year earnings before interest and tax by up to 22 percent, although that will still be above...
Property
Ryman warns NZ, Australia to take population ageing more seriously
Ryman Healthcare says the Australian and New Zealand governments need to take the rapid ageing of the population more seriously.Chief executive Gordon MacLeod estimates there are 143 million people aged over 80 years now and that will jump to 426 million by 2050. And he says the...
Property
Ryman underlying annual profit may rise by up to 17%
Ryman Healthcare is forecasting full-year underlying profit to rise by 10-17 percent after a 6.2 percent increase in the first-half.The actual bottom line first-half profit jumped 11.1 percent as its property values rose and with record resales.The retirement village operator say...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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