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Kiwi News - Page 63

MARKET CLOSE: NZ shares rise as Fonterra Fund rebounds from low
Unified Communications

MARKET CLOSE: NZ shares rise as Fonterra Fund rebounds from low

NZ shares climbed as the NZX 50 Index rose 0.4%, led by Fonterra's rebound from a record low, while Hallenstein Glassons surged 6.5% on robust profit figures.

By Pattrick Smellie • 3 min read • Fri, 27th Mar 2015
MARKET CLOSE: NZ shares fall, paced by Fletcher, Air NZ, Fonterra
Air New Zealand

MARKET CLOSE: NZ shares fall, paced by Fletcher, Air NZ, Fonterra

New Zealand shares fell, paced by Fletcher Building and Air New Zealand, as a global sell off weighed on local stocks.

By Pattrick Smellie • 3 min read • Thu, 26th Mar 2015
MARKET CLOSE: NZ shares fall, led by Fonterra fund, on lower dividend guidance
Fintech

MARKET CLOSE: NZ shares fall, led by Fonterra fund, on lower dividend guidance

New Zealand shares fell, led by Fonterra Shareholders' Fund, after the world's biggest dairy exporter lowered its guidance for dividends.

By Pattrick Smellie • 3 min read • Wed, 25th Mar 2015
US BlackRock takes 5% stake in Fletcher Building
Fletcher Building

US BlackRock takes 5% stake in Fletcher Building

BlackRock acquires a 5% stake in Fletcher Building, signaling confidence despite the Auckland firm's recent drop in profits.

By Pattrick Smellie • 2 min read • Tue, 24th Mar 2015
NZ house prices rise 3.6% in February, led by a 14% jump in Auckland prices
Housing

NZ house prices rise 3.6% in February, led by a 14% jump in Auckland prices

New Zealand residential property prices rose in February, led by Auckland where an under-supply of housing is putting pressure on the market.

By Pattrick Smellie • 2 min read • Thu, 12th Mar 2015
Auckland houses prices fall in February as volume, listings pick up
Housing

Auckland houses prices fall in February as volume, listings pick up

Auckland house prices fell in February, as listings rose and the number of properties sold reached its second-highest level in seven years for that mo.

By Pattrick Smellie • 2 min read • Wed, 4th Mar 2015
Finance Minister says calls for densification in Auckland as popular as Ebola
Housing

Finance Minister says calls for densification in Auckland as popular as Ebola

Calls for more densification in Auckland's housing have been compared to Ebola by Finance Minister Bill English.

By Pattrick Smellie • 3 min read • Thu, 26th Feb 2015
Auckland inner-city height restrictions weighing on supply, RBNZ's Wheeler says
Housing

Auckland inner-city height restrictions weighing on supply, RBNZ's Wheeler says

New Zealand's government has taken a number of good steps to improve housing supply in Auckland, where prices have soared on a lack of new stock, but.

By Pattrick Smellie • 2 min read • Wed, 25th Feb 2015
Summerset posts 10% rise in 2014 earnings, expects faster growth in 2015
Construction

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
Construction

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
Construction

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
Construction

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