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Analysts downgrade Investore as large format retail runs too hot

Analysts downgrade Investore as large format retail runs too hot
nbr.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbr.co.nz Daily Mail and Mail on Sunday newspapers.

Rohan Koreman Smit , Forsyth Barr , Investore Property , Stride Property , Ashton Olds , ரோஹன் கோரேமேன் ஸ்மீட் , ஃபார்ஸித் பார் , முன்னேற்றம் ப்ராபர்டீ , ஆஷ்டன் பழையவர்கள் ,

Precinct Properties reignites $200m-plus Auckland waterfront block redevelopment


Precinct Properties reignites $200m-plus Auckland waterfront block redevelopment
7 Mar, 2021 09:00 PM
5 minutes to read
Precinct Properties has reignited $200 million-plus plans for an Auckland waterfront block, after deferring its scheme last year when Covid struck.
But a revised plan is now more in line with pandemic conditions: the new
hotel for the building is far smaller and more flexible office space will be offered to commercial tenants.
Scott Pritchard, Precinct chief executive, said plans were now in place to begin work in the next six months on the ex-HSBC House opposite the Ferry Building on Quay St.
All tenants had now been decanted or left, he said, ready for work to start. ....

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Fletcher Building's first-half result could be a taste of things to come?


Fletcher Building s first-half result could be a taste of things to come?
16 Feb, 2021 04:40 AM
5 minutes to read
Investors will find out tomorrow if New Zealand s biggest building construction and materials manufacturing business can meet its operating earnings forecast of $305 million to $320m in the half-year to December.
Fletcher Building is among
the first batch of listed companies due to report this season, following Contact Energy s result yesterday.
The $30m from the company s sale of 35ha of controversial land at Ihumātao in Māngere might be included tomorrow: that deal was announced on December 16 and the results are for the six months to December 31. ....

New Zealand , New South Wales , New Zealand General , Bruce Hassall , Rohan Koreman Smit , Steve Evans , Mark Lister , Ross Taylor , Forsyth Barr , Eastern Busway Alliance , Contact Energy , Ashton Olds , Commercial Bay , Convention Centre , Skycity Entertainment , Busway Alliance , Auckland Transport , Craigs Investment Partners , First Half , Half Year , புதியது ஜீலாந்து , புதியது தெற்கு வேல்ஸ் , புதியது ஜீலாந்து ஜநரல் , காயங்கள் தொந்தரவு , ரோஹன் கோரேமேன் ஸ்மீட் , ஸ்டீவ் எவன்ஸ் ,

Fletcher Building exceeds own forecast, half-year operating profit up 47%


Fletcher Building exceeds own forecast, half-year operating profit up 47%
16 Feb, 2021 07:40 PM
4 minutes to read
Fletcher Building exceeded its own forecast by earning 47 per cent more operating profit in the latest half-year, rising from $219 million to $323m.
New Zealand s biggest building construction and materials manufacturing business had forecast making $305m to $320m but came in $3m above the top end of its own range.
Revenue was up from $3.96b to $3.98b, net profit after tax up 48 per cent from $82m to $121m and shareholders will get an interim dividend of 12 cents per share, paid on March 24.
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Fletcher Building chief executive Ross Taylor said: The strong result reflects good progress made on our strategy to drive consistent performance and growth. The improved earnings and profitability are the outcome of initiatives undertaken over the past three years to improve operating disciplines and efficiencies across the group. ....

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