NZCity NewsLinks -

Finance

1 May 2024

Search

Big read: Journalist goes undercover at 'men only' London fundraiser, reports widespread groping
Each year, for 33 years, "The President's Club Charitable Trust" has organised a fundraising dinner at London's exclusive Dorchester Hotel to benefit "worthy children's causes."The attendees last Thursday, as in the past, were an...

Turners predicts 2018 earnings uplift after buying Autosure for $34M; shares gain
Turners, the financial services firm formerly known as Dorchester Pacific, expects a "significant" earnings uplift after buying motor insurer Autosure from Suncorp New Zealand

Trust set up to refinance Dorchester Pacific in 2010 sells final hotel
Emerald Gisborne Property Trust, the hotel investor set up as part of the recapitalisation of the financier and insurer now known as Turners, says a deal to sell the Emerald Hotel in Gisborne has gone unconditional

Turners lifts profit 50%, announces share buybacks, seeks acquisitions
Turners Group, the financial services firm formerly known as Dorchester Pacific, lifted profit nearly 50 percent as the company considers further acquisition opportunities after a strong trading performance in the first half of the current financial

Turners seeks almost 20% of Motor Trade Finances to cement relationship
Turners, the company formerly known as Dorchester Pacific, is offering to lift its holding in Motor Trade Finances to almost 20 percent by buying shares at a premium, a move it says would reflect the business relationship between the two firms

Turners buys Southern Finance for $5 mln in South Island push
Turners, formerly known as Dorchester Pacific, has bought Southern Finance for $5 million, giving the finance company greater exposure in the South Island as it continues to expand its loan book

Dorchester Property unitholders turn down a bid to dump manager
Unitholders in the Dorchester Property Trust have rejected a resolution from one of the investors to dump the manager of the hotel investor which was spun out five years ago from the financier and insurer formerly known as Dorchester Pacific and sinc

Brent King to run first finance company since Dorchester exit as General Finance changes hands
Brent King is in charge of his first finance company since exiting Dorchester Pacific in 2006 after a group of investors

Brent King to run first finance company since Dorchester exit
Brent King is in charge of his first finance company since exiting Dorchester Pacific in 2006 after a group of investors including King, Malaysia-based Rewi Bugo, investment banker Marvin Lee and the Business Bakery's Grant Baker...

Turners says pretax earnings may rise 14% in first half, sees annual gain from existing businesses
Turners Group, the financial services firm formerly known as Dorchester Pacific, said pretax earnings may rise 14 percent in the first half, putting the company on track for annual profit growth

Dorchester Property Trust selling large commercial property in Gisborne
One of Gisborne's largest commercial properties, which is home to a 4-star hotel and boasts about 2000 square metres of office accommodation and 96 carparks, is up for sale as its owner looks to downsize.

Turners builds MTF stake to 7.6%, still in talks with some shareholders
Turners, the company formerly known as Dorchester Pacific, has built up a 7.6 percent stake in Motor Trade Finances and is in talks with other shareholders after its offer to buy up to a fifth of the auto-lender closed earlier this month wi

Turners cautiously upbeat on annual earnings guidance, still hunting acquisitions
Turners, the financial services firm formerly known as Dorchester Pacific, will probably beat annual earnings guidance, though headwinds facing the economy mean it's too early to upgrade the forecast

Turners turns to the south
Turners, formerly known as Dorchester Pacific, has bought Southern Finance for $5 million, giving the finance company greater exposure in the South Island as it continues to expand its loan book.The acquisition adds assets valued...