Higher fees, interest drag Investore’s first-half profit down 14%
By Jenny Ruth Nov. 19 (BusinessDesk) - Investore Property’s first-half net profit fell 14 percent as management fees increased, its interest bill rose and the value of its properties fell. The supermarkets and other large retail store investor’s net profit for the six month...
NZSA says time's up for Keith Smith on Warehouse board
By Jenny Ruth Nov. 16 (BusinessDesk) - The New Zealand Shareholders’ Association is suggesting that The Warehouse’s deputy chair Keith Smith may have passed his use-by date. Smith has been advising The Warehouse since it was founded in 1982 and chaired the company between 1...
Foley Family Wines migrates to NZX's main board
By Jenny Ruth Nov. 16 (BusinessDesk) - Foley Family Wines is biting the bullet early and moving from NZX's junior board to its main board from Dec. 3. NZX announced last month that it would move to a single equities board from July 1 next year, eliminating both the Alternat...
Craigs becomes NZX Wealth Technologies' first customer
By Jenny Ruth Nov. 16 (BusinessDesk) - Craigs Investment Partners has become NZX’s first external customer for a new wealth technologies platform which offers a combined registry, administration and custodial service. Craigs has moved $950 million of its total $16 billion i...
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