
NZX to split shares, change dividend policy
Stock exchange operator NZX plans to split its shares four ways, and change the way it calculates dividends.
Stock exchange operator NZX plans to split its shares four ways, and change the way it calculates dividends.
Figures released today show nationwide values are up 4.1 per cent from April but still 5.9 per cent below the market peak of late 2007.
Two years on from the heady days of 2007, Devonport has weathered the property bust better than anywhere else in Auckland.
Lombard Finance receiver PricewaterhouseCoopers says investors will receive a repayment later this month of 6.5 cents for every dollar invested.
DNZ Property Fund has pulled its plan to list on the sharemarket until next year, citing confusion among shareholders due to a debate in the media.
Auckland's house price surge has prompted a warning that over-valuations are creating a bubble that will burst.
Allied Farmers says it is confident it can realise more value in Hanover's loan books than the failed finance company can operating under its moratorium.
Auckland property has now recovered all the losses experienced over the past two years, says real estate company Barfoot & Thompson.
The company behind Wellington's $100 million Holiday Inn has collapsed.
KiwiSaver providers have been warned about using standover tactics to stop people from changing schemes.
Opposition ACC spokesman David Parker is accusing the Government of misrepresenting ACC's position to soften up the public for major cuts to ACC entitlements.
ACC is still pushing for a large increase in levies, despite a storm of protest over the size of the hikes proposed.
A group of investors are unhappy with DNZ Property Fund's restructuring plan.