A2 jumps 22.5% as first dividend policy announced
Nov 22, 2024 · Now is the right time for the a2 Milk Company to start paying dividends, chief executive David Bortolussi says.The dual-listed milk marketer is holding its annual meeting in Auckland on Friday, having announced its first, long-awaited dividend policy targeting between 60% and 80% of net profit after tax.Its shares on the NZX opened up 22.5% to $6.53.a2’s stock is up roughly 42% this year.
‘Regulatory failure’ let NZ’s payments fall behind
Nov 19, 2024 · Effective regulation is needed to ensure the modernisation of New Zealand’s payments system, but striking a balance may be challenging.At a Payments NZ conference on Tuesday, Reserve Bank of NZ director of money and cash Ian Woolford said that 45 years ago, NZ was like the All Blacks of payments as it developed and adopted Eftpos.Now, he said, “We’re sort of runner-up in, maybe, an inter ...
Latest NZX Stock Market News from BusinessDesk
3 days ago · The latest sharemarket news and movements from the NZX. Includes market open and close reports, plus NZX50.
Ikea on track for late 2025 Auckland launch | BusinessDesk
Sep 12, 2024 · When Swedish retailer Ikea opens its Auckland store in 2025, it expects to sell more garage furniture in New Zealand than anywhere else in the world.The 34,000-square-metre store in Sylvia Park, Mt Wellington, is Ikea's first in NZ.
BusinessDesk | NZ breaking news and commentary on business, …
The latest NZ business news, reporting, analysis, and commentary - by leading New Zealand journalists. Track & read mentions of your sector, industry, and company with BusinessDesk now.
Material Matters: The ghost buildings on the earthquake-prone …
Nov 22, 2024 · Our Material Matters series is taking a look at earthquake-strengthening costs and implications in a series of articlesThe Government this year extended the deadline for remediation of earthquake-prone buildings because, Building and Construction Minister Chris Penk told BusinessDesk, of the number of structures with deadlines coming up.Once a building is listed as earthquake-prone its owners ...
Jarden upgrades Investore rating | BusinessDesk
Nov 19, 2024 · Investment house Jarden has upgraded its rating for large-format retail landlord Investore Property, following a no-surprises half-year result from the New Zealand Exchange-listed firm.Investore Property’s (IPL) $1 billion portfolio of 45 properties includes standalone supermarkets and hardware stores, small centres anchored by supermarkets, and large-format retail centres.Jarden analysts ...
QuiznessDesk - Daily Quiz Nz
Dec 17, 2024 · The BusinessDesk team keeps New Zealand informed on the latest financial, economic, property and stockmarket news.
KiwiRail needs reset to compete with trucking, chief executive …
Oct 17, 2024 · KiwiRail’s request for redundancy applications across its entire 4,800-strong workforce is a bid to make the business match-fit to compete with trucking after investing in rail infrastructure and new trains.KiwiRail chief executive Peter Reidy told BusinessDesk that not only had the business “got a bit out of shape post-covid” but that $2.4 billion of capital investment in upgrades over ...
Fletcher Building - BusinessDesk
Fletcher Building is a diversified provider of building materials and construction services to the New Zealand and Australian markets. The company serves the residential and commercial construction industries with a combination of manufacturing, distribution and retail sites totalling almost 500 locations.