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Finance
Vital Healthcare investors to vote on new fee structure
Vital Healthcare Property Trust's investors will be asked to vote on a new management fee structure that will reduce both the management and incentive fees and will make explicit a number of others. The notice of meeting for the annual meeting on Oct. 31 lays out the impact of...
Finance
S&P puts NZ Post on negative credit watch
International ratings agency Standard & Poor's have put New Zealand Post on negative credit watch because of the structural decline in mail volumes and the state-owned enterprise's rising capital spending. S&P currently rates the postal service "A+" for long-term debt and "A-1...
Retail
Deepening business gloom likely to push annual GDP below 1%
By Jenny Ruth Oct. 1 (BusinessDesk) - Businesses continued to sink deeper into gloom during the September quarter and that will likely shave annual GDP growth to below 1 percent, according to the New Zealand Institute of Economic Research's latest quarterly survey of business...
Retail
NZ Post's parcels business turns a small annual profit as mail keeps group in the red
By Paul McBeth Sept. 27 (BusinessDesk) - New Zealand Post's increasingly important parcels business turned a small annual profit, but that wasn't enough to avoid red ink with its mail service still in decline. The state-owned enterprise (SOE) reported a loss of $121 millio...
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