The NZX-listed company is one of the biggest owner-developers of premium city centre real estate in the country, and will redevelop the premium site on the waterfront in the heart of Auckland at a cost of $305 million. The second stage is aimed to .
Article – Property and Build The NZX-listed company is one of the biggest owner-developers of premium city centre real estate in the country, and will redevelop the premium site on the waterfront in the heart of Auckland at a cost of $305 million. The second stage is aimed to …
The NZX-listed company is one of the biggest owner-developers of premium city centre real estate in the country, and will redevelop the premium site on the waterfront in the heart of Auckland at a cost of $305 million.
The second stage is aimed to complement the $1-billion Commercial Bay retail precinct and will include a luxury hotel, office space, and food and beverage retail space. It will be integrated with Commercial Bay.
Market close: NZ sharemarket snaps eight-day losing streak
17 May, 2021 05:53 AM
4 minutes to read
Restaurant Brands surged 60c or 4.51 per cent to $13.90. Photo / Dean Purcell
NZ Herald
By: Graham Skellern
The lagging New Zealand sharemarket snapped an eight-day losing streak with a small but significant gain – but global marketer a2 Milk continued its slump. The S&P/NZX 50 Index raced ahead to an intraday high of 12,442.65 by lunchtime but then steadied and closed at 12,410.47, up 42.61 points or 0.34 per cent.
There were 71 gainers and 68 decliners over the whole market on light trading of 33.9 million shares worth $105.15 million.
Greg Smith, head of research with Fat Prophets, said the market had a bit of a relief bounce after the weakness last week. The inflationary concerns aren t going away, and it s a case of the market acclimatising to the prospect of a higher inflation rate and higher interest rates down the track.
AMP (ASX:AMP) share price on watch after Q1 update
James Mickleboro | April 22, 2021 8:02am |
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This follows the release of the financial services company’s first quarter update.
What did AMP report?
According to the release, for the three months ended 31 March, AMP recorded a $1.6 billion increase in Australian wealth management (AWM) assets under management (AUM) to $125.7 billion.
This was driven by improved investment markets, which offset AWM net cash outflows of $1.5 billion. Though, it is worth noting that $448 million of these outflows relate to regular pension payments to clients.
The AMP Bank business recorded a $0.2 billion increase in its total loan book to $20.8 billion. This was driven by growth in owner-occupied loans.