Investment stories - Page 54
UPDATE: Fonterra Shareholders' Council relieved at dairy forecast being maintained
Thu, 26th Feb 2015
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westpac
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fonterra
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strategy
Farmers will be relieved at today's decision by Fonterra Cooperative Group, the world's largest dairy exporter, to maintain its forecast payout to fa.
Geothermal exit, dry weather wallop Mighty River earnings
Tue, 24th Feb 2015
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power / energy
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cleantech
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capital management
Electricity generator and retailer Mighty River Power declared a massive drop in earnings for the six months to Dec.
NZ Post increased 1H profit 41%, helped by Kiwibank, sale of courier unit
Mon, 23rd Feb 2015
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kiwibank
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new zealand post
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investment
New Zealand Post, the state-owned mail delivery service, increased first-half profit 41 percent after selling its Australian Couriers Please business.
Steel & Tube posts 35% gain in first-half profit on uplift in construction
Thu, 19th Feb 2015
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sales
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steel & tube
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construction
Steel and Tube shines with a robust 35% profit surge, buoyed by the booming construction sector and strategic acquisitions.
CORRECT: Kirkcaldie & Stains flags October for possible capital return, mulls future of store
Wed, 18th Feb 2015
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physical security
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christmas
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sales
Kirckcaldie & Stains, the unprofitable Wellington department store, is waiting for a new chief executive and the final payment from the buyer of it.
Souter Investments invests $12 million in double deck buses for Auckland
Wed, 18th Feb 2015
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auckland transport
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souter investments
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investment
Souter Investments, the global public transport company owned by Scottish transport entrepreneur Brian Souter, is investing $12 million in 15 new d.
Property For Industry expects to pay more of its earnings in dividends in 2015
Tue, 17th Feb 2015
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investment
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fy
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expenses
Property For Industry, New Zealand's only listed company specialising in industrial property, expects to pay more of its earnings in dividends in t.
Investors give raspberry to Contact Energy offshore investment plan
Mon, 16th Feb 2015
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datacentre infrastructure
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power / energy
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contact energy
Contact Energy's share price plummeted after plans for offshore geothermal investments left investors wanting promised cash returns.
Michael Hill shares jump 7% after 1H profit rises 46%
Fri, 13th Feb 2015
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investment
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revenue
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retail
Michael Hill International shares jumped as much as 7 percent after the jewellery chain posted a 46 percent rise in first-half profit.
Wallace Corp backs Ligar to commercialise novel polymer products
Thu, 12th Feb 2015
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edutech
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callaghan innovation
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kiwinet
Ligar, a startup developing molecularly imprinted polymers (MIPs), has secured an investment of hundreds of thousands of dollars from Wallace Corp,.
China economic reform low on government priority list, WSJ commentator says
Thu, 12th Feb 2015
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partner programmes
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supply chain
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wsj
Economic reform in China, one of New Zealand's largest trading partners accounting for 22 percent of exports, is a lower priority than trying to sa.
SkyCity's big spending plans may not deliver enough to earnings, investors say
Wed, 11th Feb 2015
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shares
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skycity
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spending
SkyCity Entertainment Group, which has earmarked $800 million to expand and upgrade its Auckland and Adelaide businesses by 2020, has yet to convin.
Sky City 1H profit falls 11% as Adelaide weighs
Wed, 11th Feb 2015
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skycity
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new zealand dollar
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investment
Sky City Entertainment Group, New Zealand's only listed casino company, posted an 11 percent decline in first-half profit as it got less benefit th.
SkyCity cut to 'sell' by Craigs, citing lack of return and high risk
Tue, 3rd Feb 2015
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shares
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skycity
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investment
SkyCity Entertainment Group was downgraded to 'sell' from 'hold' by Craigs Investment Partners, reflecting that the brokerage doesn't expect shares.
MARKET CLOSE: NZ shares resume rally led by MRP; Kathmandu tumbles
Mon, 2nd Feb 2015
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fintech
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financial systems
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healthtech
New Zealand shares rose, heading back toward a record high after a two-day slide, as investors regained their appetite for companies offering relat.
Local Government NZ suggests new taxes, central govt support could bridge spending gap
Mon, 2nd Feb 2015
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partner programmes
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local government
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world bank
New Zealand's 78 local government organisations could close the gap between spending and revenue with new taxes or a share of existing central gove.
Trade Me takes 15% stake in HarMoney for $7.7 million
Mon, 12th Jan 2015
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trade me
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shares
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harmoney
Trade Me invests $7.7m for a 15% stake in HarMoney, New Zealand's sole licensed P2P lender, aiming to reshape the country's consumer finance.
UPDATE: Infratil, NZ Super Fund buy RetireAustralia for A$640.2 mln
Mon, 29th Dec 2014
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power / energy
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healthtech
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cleantech
Infratil and the New Zealand Superannuation Fund will buy Australia's fourth-biggest retirement village operator RetireAustralia for A$640.
Eco-lender Prometheus Finance calls in receiver
Mon, 22nd Dec 2014
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fintech
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capital
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pwc
Prometheus Finance, the Wellington-based finance company with a mandate for socially responsible lending, has called in receivers after failing to.
Minister Flavell to push law review to drive Maori agribusiness
Fri, 19th Dec 2014
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healthtech
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management
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pwc
Maori Development Minister Te Ururoa Flavell expects to table legislation in the second half of next year to make it easier for Maori land owners t.