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Kiwi News - Page 13

Summerset posts 10% rise in 2014 earnings, expects faster growth in 2015
Health Technologies

Summerset posts 10% rise in 2014 earnings, expects faster growth in 2015

Summerset Group, New Zealand's third-largest listed retirement village operator, posted a 10 percent gain in annual earnings and said it expects...

By Pattrick Smellie • 4 min read • Tue, 24th Feb 2015
Steel & Tube posts 35% gain in first-half profit on uplift in construction
Steel & Tube

Steel & Tube posts 35% gain in first-half profit on uplift in construction

Steel and Tube shines with a robust 35% profit surge, buoyed by the booming construction sector and strategic acquisitions.

By Pattrick Smellie • 2 min read • Thu, 19th Feb 2015
MARKET CLOSE: NZ shares fall led by Fletcher on outlook; Meridian rises to record
Power / Energy

MARKET CLOSE: NZ shares fall led by Fletcher on outlook; Meridian rises to record

New Zealand shares fell led by Fletcher Building, after the company said full-year earnings would be at the lower end of guidance.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015
CORRECT: Kirkcaldie & Stains flags October for possible capital return, mulls future of store
Physical Security

CORRECT: Kirkcaldie & Stains flags October for possible capital return, mulls future of store

Kirckcaldie & Stains, the unprofitable Wellington department store, is waiting for a new chief executive and the final payment from the buyer of it.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015
UPDATED: Fletcher shares drop on reduced FY guidance, lack of franking credits
Fletcher Building

UPDATED: Fletcher shares drop on reduced FY guidance, lack of franking credits

Fletcher stock plunges 4.5% amid profit dive and scrapped franking credits, with full-year earnings to hit the lower target end.

By Pattrick Smellie • 4 min read • Wed, 18th Feb 2015
NZ construction activity seen rebounding after slump
EduTech

NZ construction activity seen rebounding after slump

New Zealand construction activity is rebounding from a slump during the recession as private sector work picks ups, according to a property consult.

By Pattrick Smellie • 2 min read • Tue, 17th Feb 2015
MARKET CLOSE: NZ shares rise led by Fletcher ahead of earnings
Fintech

MARKET CLOSE: NZ shares rise led by Fletcher ahead of earnings

NZ shares surge, led by Fletcher Building, amidst investor optimism before the company's expected robust earnings reveal next week.

By Pattrick Smellie • 3 min read • Fri, 13th Feb 2015
NZ government names taskforce to slash property sector red tape
Physical Security

NZ government names taskforce to slash property sector red tape

Paula Bennett, minister of local government, has appointed a rules reduction taskforce with the intent to slash regulatory red tape in the property.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015
MARKET CLOSE: NZ shares fall; Spark, Precinct, Meridian decline as yield hunt wanes
NZX

MARKET CLOSE: NZ shares fall; Spark, Precinct, Meridian decline as yield hunt wanes

New Zealand shares fell from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite for re.

By Pattrick Smellie • 3 min read • Mon, 9th Feb 2015
Salt Funds emerges as one of the biggest holders of Methven with 7.8% stake
Shares

Salt Funds emerges as one of the biggest holders of Methven with 7.8% stake

Salt Funds Management has cemented its position as a key player by acquiring a 7.8% share in Methven, betting on the company's growth.

By Pattrick Smellie • 2 min read • Mon, 9th Feb 2015
MARKET CLOSE: NZ shares increase as oil price recovery fuels equities; Skellerup gains
Power / Energy

MARKET CLOSE: NZ shares increase as oil price recovery fuels equities; Skellerup gains

New Zealand shares edged up as the ongoing recovery in oil prices stoked investors' demand for worldwide equity markets.

By Pattrick Smellie • 4 min read • Wed, 4th Feb 2015
MARKET CLOSE: NZ shares rise as RBA rate cut stokes demand for yield
Fintech

MARKET CLOSE: NZ shares rise as RBA rate cut stokes demand for yield

New Zealand shares gained after the Reserve Bank of Australia cut its cash rate to a record low, making the returns on offer in New Zealand more at.

By Pattrick Smellie • 3 min read • Tue, 3rd Feb 2015
MARKET CLOSE: NZ shares resume rally led by MRP; Kathmandu tumbles
Fintech

MARKET CLOSE: NZ shares resume rally led by MRP; Kathmandu tumbles

New Zealand shares rose, heading back toward a record high after a two-day slide, as investors regained their appetite for companies offering relat.

By Pattrick Smellie • 3 min read • Mon, 2nd Feb 2015
MARKET CLOSE: NZ shares fall led by Steel & Tube, NZOG as oil weakens; Spark, MRP gain
Health Technologies

MARKET CLOSE: NZ shares fall led by Steel & Tube, NZOG as oil weakens; Spark, MRP gain

New Zealand shares fell, led by Steel & Tube Holdings, New Zealand Oil and Gas and Fletcher Building, joining a global sell off in equities in the.

By Pattrick Smellie • 3 min read • Tue, 6th Jan 2015
MARKET CLOSE: NZ shares rise in thin trading, led by Xero; Infratil falls
Fintech

MARKET CLOSE: NZ shares rise in thin trading, led by Xero; Infratil falls

New Zealand shares rose to a record close in light holiday trading, led by companies that have been sold off in recent months, including Xero and N.

By Pattrick Smellie • 3 min read • Mon, 29th Dec 2014
MARKET CLOSE: NZ shares rise in pre-Xmas trading; Kathmandu snaps declines; POT at record
NZX

MARKET CLOSE: NZ shares rise in pre-Xmas trading; Kathmandu snaps declines; POT at record

NZ shares see a slight pre-Xmas rise, Kathmandu rebounds from losses, while Port of Tauranga hits a record high.

By Pattrick Smellie • 3 min read • Wed, 24th Dec 2014
Augusta buys $58.5 mln retail property for syndication
Physical Security

Augusta buys $58.5 mln retail property for syndication

Augusta Capital, the listed property investor and fund manager, has bought the Southgate Centre retail site in Auckland's Takanini, which it plans.

By Pattrick Smellie • 2 min read • Wed, 24th Dec 2014
Auckland convention centre cost jumps by a fifth
Government

Auckland convention centre cost jumps by a fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 mi.

By Pattrick Smellie • 2 min read • Fri, 19th Dec 2014
Bunnings triples annual profit in NZ as pickup in construction spurs demand
Fletcher Building

Bunnings triples annual profit in NZ as pickup in construction spurs demand

Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked de.

By Pattrick Smellie • 2 min read • Wed, 10th Dec 2014