Stocks on both sides of the Atlantic advanced as investors found value after the recent slump and fresh assurances from central bankers in both China and the US. US economic data provided evidence of further strength, as reports on durable goods orders, sales of new homes, home prices and consumer confidence all beat analysts’ expectations. Also helping was a promise …

DNZ Property Fund, which is raising $80 million to help fund two new acquisitions, will ask shareholders to boost the directors’ fee pool by 27 percent, with the board having presided over a surging share price since the diversified property investor listed in 2010. The Auckland-based property investor wants shareholders to raise the pool to $375,000 for the 2014 and …

Augusta Capital managing director Mark Francis has bought out his brother’s stake in the listed property investor and fund manager for $3.8 million, taking his holding to almost 18 percent. Mark Francis bought 4.5 million shares, or 5.5 percent, of Augusta at 84.5 cents apiece from his brother and general manager Chris Francis, the company said in a statement. The …