This is how the Australian Financial Review illustrated its story this morning spelling out the predicament facing APN – publisher of the New Zealand Herald and a raft of media assets across the Tasman: Regional newspapers, radio, outdoor advertising and digital. Judging by the indepth Australian media reports the stoush boils down to a strategic choice – raise capital to …

Property for Industry, the listed industrial property investor, reported a 7.5 percent fall in annual earnings as the company rejigged its portfolio with some asset sales and dealt with vacancies in the year, though management is optimistic about the coming year. Distributable profit, the favoured measure for property companies because it strips out unrealised changes in the fair value of …

The New Zealand dollar fell from record highs on a trade-weighted basis and against the pound on speculation it may have run too hard after a string of strong economic figures. The kiwi dollar traded at 54.40 British pence, little changed from late New York trading on Friday and down from a post-float high of 55.08 pence at the end …