House prices in descent

The latest REINZ report revealed a further cooling in the housing market. House sales (July month): 4,822* Monthly % change: -3.1% (Prev month -11.2%) Annual % change: -36.7% (Prev month -36.1% House Price index* Monthly % change: -1.7% (Prev month -1.0%) Annual %...

Higher pay-out by Vital Healthcare

11.8.2 Vital Healthcare Property Trust has increased the distribution rate on its listed units as part of the  results for the June 2022 year. NorthWest Healthcare Properties Management Limited (NorthWest), the manager of Vital, confirmed 9.625 cents per unit (cpu)...

Rakon guidance for strong FY23

11.8.22 Rakon, which manufactures frequency control and timing solutions, expects Underlying EBITDA for the March 2022 year to range between $36 million and $44 million, it advised NZX this morning, ahead of its annual meeting today. Even at the bottom of this range,...

US defers IMF reviews

  The a2 Milk Company (advised that earlier today it received notification from the US Food and Drug Administration (FDA) that, at this time, the FDA is deferring further consideration of the company’s request for enforcement discretion to import infant milk...

CDL notes change in trading climate

10.8.22 NZX-listed property development and investment company CDL Investments New Zealand (NZX:CDI) reported an operating profit after tax of $22.90 million (2021: $20.75 million) in the June six months. This is on revenue of $47.81 million (2021: $61.27 million)....

MOVE Logistics confirms new NZ-Tasmania ship

8.8.22 Transport and logistics group, MOVE Logistics Group has confirmed a step forward in its new Oceans business, with its first trans-Tasman sailing scheduled for the fourth quarter of 2022   MOVE has entered an agreement to acquire a vessel, the Atlas...