Aged care operator Arvida doubles first half profit, optimistic for future
By Nikki Mandow Nov. 27 (BusinessDesk) - Retirement village and aged care operator Arvida Group saw strong growth in the six months to Sept. 30 on the back of high occupancy and contributions from last year’s acquisitions. The retirement village and aged care company predic...
Turners lifts first-half profit 28% but warns about the outlook
By Jenny Ruth Nov. 27 (BusinessDesk) - Turners Automotive lifted first-half net profit 28 percent and says strong performance from its insurance business offset a country-wide slowdown in the vehicle retailing sector. The company is also foreshadowing that its full-year res...
NZ house prices could follow Australia's down: ASB
By Jenny Ruth Nov. 26 (BusinessDesk) - Australian house prices are falling and prices here tend to follow suit with a peak impact after about six months, according to ASB Bank economist Mark Smith. Australian house prices are down about 3 percent from their October 2017 pea...
ANZ close to redressing faulty loan calculations
By Jenny Ruth Nov. 26 (BusinessDesk) - ANZ Bank New Zealand has compensated about 86 percent of the 100,000 customers affected by its faulty loan calculator from March 2015. The remedial payments, expected to total close to $10 million, should be 95 percent complete by Chri...
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