About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Saturday, August 29th, 8:30AM
rss
Latest Headlines

News Round Up

Wine float remains uncorked, NPT goes shopping, Where have the markets been?

Monday, August 13th 2001, 7:10AM

Wine float remains uncorked
The Waipara Hills Wine Estate has been extended by another three weeks as it has raised insufficient funds.

Waipara is aiming to raise $3 million to establish a wine business in Canterbury, but was about $1 million short of its target on Friday.

Chairman Syd Bradley says about 280 people have subscribed for more than 2 million of the $1 shares.

Bradley says that the average investment is for 7,100 shares, however he would like to see more larger retail investors on the company's share register.

Waipara Hills Wine Estate Ltd has been established for the purpose of producing premium quality, award winning wine.

Some of the funds will be used to buy certain assets from the Langdale Wine Company.

NPT goes shopping


National Property Trust says its acquisition of the Eastgate shopping centre in Christchurch will make a significant contribution to its profit performance in the current year.

Executive chairman Paul Dallimore says increasing the retail exposure of the fund is positive.

"The expansion is an evolutionary step for National, increasing our exposure to retail property at a time when consumer spending trends are showing positive signs," he says.

NPT says its net profit was up 8.8% to $3.3 million in the year to June 30. Despite improving cash flows, dividend distributions were down and the fund is carrying the maximum debt its trust deed allows.

NPT has just completed concept plans and a feasibility study for redeveloping Eastgate and it is now looking for funding.

Dallimore said the $29m redevelopment will increase the trust's exposure to retail property to between 50% and 60% of the overall portfolio.

Where have the markets been?
Wondered what's happened in the markets over the past month, quarter or year, but don't know where to easily find all the information? Then head for the Markets section of the site.

One of the latest features in Markets is the Monthly Market Review of international markets. (To see the new page click here).

The table includes percentage changes and closing numbers for all the major world sharemarkets, along with what's happened in bond and currency markets.

The Monthly Market Review is a great snapshot of what's been happening around the world.

« What planning fees are subject to gstSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Former Mike Pero broker banned
    “Unfortunately Heath did willingly sign a franchise agreement with Mike Pero. He was aware of the terms and conditions when...”
    1 day ago by I was wondering
  • nib plots more growth
    “This is great news, however from my own personal experience nib can't handle the business flows it has at the moment. Their...”
    1 day ago by I was wondering
  • Two advisers investigated
    “Perhaps we're finally going to see a bank adviser and his/her employers facing the music? If it is, it's been a long time...”
    1 day ago by I was wondering
  • Home loan lending takes lower prominence at ASB
    “Hi. Does this mean ASB will focus even more on the growth of there insurance business on taking my clients. Will they continue...”
    2 days ago by Cyril
  • New Zealand lagging on decumulation options
    “I thought it was compulsory in the UK for a person reaching retirement age and receiving a company pension for a good percentage...”
    2 days ago by traveller
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 6.24 5.10 5.25 5.59
ANZ Special - 4.69 4.89 -
ASB Bank 6.50 5.05 5.25 5.35
ASB Bank Special - 4.69 4.89 4.99
BankDirect 6.50 5.05 5.25 5.35
BankDirect Special - 4.69 4.89 4.99
BNZ - Mortgage One 6.65 - - -
BNZ - Rapid Repay 6.24 - - -
BNZ - Special - 4.69 4.69 -
BNZ - Std, FlyBuys 6.24 5.09 5.09 5.19
BNZ - TotalMoney 5.99 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.75 5.75 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
HBS Bank 6.14 5.39 5.39 5.39
HBS Special - 4.69 4.69 4.99
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.45 5.10 5.40 -
Housing NZ Corp 6.49 5.19 5.49 5.59
Lender Flt 1yr 2yr 3yr
HSBC Premier 6.60 4.89 4.89 4.99
HSBC Premier LVR > 80% - - - -
HSBC Special - 4.49 4.49 4.49
ICBC 6.75 5.99 6.39 -
Kiwibank 6.15 4.79 5.49 5.69
Kiwibank - Capped - - - -
Kiwibank - Offset 6.40 - - -
Kiwibank Special - 5.09 4.65 4.99
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.70 5.65 5.95 -
Lender Flt 1yr 2yr 3yr
NZ Home Loans 6.60 5.39 5.49 6.29
Perpetual Trust 7.70 - - -
Resimac 5.59 5.37 5.40 5.52
SBS Bank 6.14 5.39 5.39 5.39
SBS Bank Special - 4.69 4.69 4.99
Sovereign 6.35 5.05 5.25 5.35
Sovereign Special - 4.69 4.89 4.99
The Co-operative Bank 6.20 4.69 4.79 4.99
TSB Bank 6.24 5.10 5.39 5.45
TSB Special - 4.69 4.69 4.99
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 6.15 4.99 5.19 5.19
Westpac - Capped rates - 6.15 6.15 -
Westpac - Offset 6.15 - - -
Westpac Special - - 4.69 -
Median 6.40 5.09 5.25 5.35

Last updated: 18 August 2015 3:39pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com