A move by Fletcher
Building to list on the Australian Stock Exchange (ASX) and
delist from the NZX would leave a huge hole, Forsyth Barr
broker Peter Young said yesterday.
Housing affordability remains almost impossibly high in the
Central Otago Lakes district despite falling house prices and
lower interest rates driving a record improvement in home
loan affordability in other parts of New Zealand.
The Russian-controlled New Zealand Dairies Ltd is thought to
be planning to spend another $100 million on the Studholme
factory, installing an anhydrous milk fat plant or a second
drier.
Property financier Strategic Finance gave its 20,000
investors some good news yesterday with the announcement of a
management buy-out backed by BOS International, a subsidiary
of Halifax Bank of Scotland.
Former Telecom chief executive Theresa Gattung has lent her
support to an ambitious project to develop New Zealand's
strong wool industry into an internationally recognised
brand.