Title
Content
Greens condemn climate law change while Act claims victory
Brent Edwards
Tue, 12 May 2026
Tue 12 May 2026 02:45:54pm
MARKET MOVEMENTS
Powered by:
VIEW MORE
Gainers
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Decliners
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Gainers
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Decliners
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Tue 12 May 2026 02:45:54pm
MARKET MOVEMENTS
Top Story
Greens condemn climate law change while Act claims victory
Brent Edwards
Tue, 12 May 2026
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Latest News
Quick Takes
PFI pushes up dividend guidance by 5%
Industrial property play Property for Industry expects to pay a dividend of 9.50 cents a share for its June year, on the back of the early lease surrender payment at its Harris Road property by GrainCorp Foods. GrainCorp will pay a surrender fee of about $5 million to PFI for its early exit.
The improved shareholder payout is 5% up on February guidance of 9.05c, and 10.5% up on last year's net dividend of 8.60c.
The company also announced a third quarter dividend of 2.20c payable on May 28, inferring a likely final quarter dividend of 2.90c.
The NZX-listed company owns a portfolio of 90 properties at a valuation of about $2 billion. Its share price has climbed 4.7% to a current level of $2.34 over the past 12 months.
Government books outperform forecasts
The Government finances continue to be in better shape than forecast in the December half-year economic and fiscal update. For the nine months to the end of March the operating balance before gains and losses excluding ACC (Obegalx) recorded a deficit of $7.8 billion, $2.1b smaller than forecast. Once ACC was included the deficit was $8.4b, also $2.1b smaller than forecast. But poor investment returns meant the operating balance was $1.1b larger at $2.9b. The residual cash deficit, however, was smaller than expected and net core Crown debt was $3.4b lower at $187.8b, or 42.2% of GDP. The net worth of the Crown was down $400 million on forecast at $177.2b, largely reflecting the lower-than-expected operating balance.
close
Quick Takes
Tue 12 May 2026 02:43:09pm
MARKET MOVEMENTS
Latest News
Most Popular
Most Commented
Editor's picks
Featured
Short videos
The NBR Podcast
PM Christopher Luxon joins the NBR Podcast
0:00
Politically Speaking
“Lead your own reform or we will do it for you”
0:00
Politically Speaking
The relief of Singapore
0:00
General Business
Deepfake ad using doctor’s identity a ‘public safety risk’
0:00
NBR Focus
Unlocking Aotearoa: Dame Joan Withers
0:00
Politically Speaking
The Winston Peters effect
0:00
Politically Speaking
The journalist making the news
0:00
Te Ao Māori
Art Fair expands as Māori voices lead
0:00
Investment
Michael Hill CEO: ‘I’m not a patient person’
0:00
NBR Focus
The Accountants: Full Investigation
0:00
NBR Focus
The Accountants: Some KPMG staff already using AI agents
0:00
NBR Focus
The Accountants: Turning EY into a one-stop-shop
0:00
NBR Focus
The Accountants: PwC and the end of human-only workforces
0:00
NBR Focus
The Accountants: Deloitte sees AI freeing up 25% of capacity
0:00
Politically Speaking
Conflict: RBNZ discusses impact on inflation
0:00
Politically Speaking
Responding to Trump’s rhetoric – Winston in Washington
0:00
Underarm
Sydney's new airport, Western Sydney International (WSI)
0:00
Dollars & Sense
Debate: Economic fallout from the Iran war
0:00
Politically Speaking
Cabinet reshuffle sees Chris Bishop replaced
0:00
Politically Speaking
Dealing with the fuel crisis
0:00
Analysis
Categories
