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Businesswire - Latest News [Page 104]
Bayleys claims BOP record with $5.5M sale
Friday, 16 April 2010, 10:56 am | Businesswire
April 16 (BusinessWire) - Bayleys Real Estate is claiming a Bay of Plenty record for a residential dwelling in the Bay of Plenty, after a Mt Maunganui apartment sold for $5.5 million. More >>
Millennium execs head to China to sort of JV mess
Friday, 16 April 2010, 10:40 am | Businesswire
April 16 (BusinessWire) - Millennium & Copthorne Hotels NZ Ltd. group company secretary Takeshi Ito is heading to China next week get directly involved in overturning a series of unauthorised asset sales by a rogue local executive that have gutted the hotel ... More >>
Regulator gives Telecom NZ reason to smile on VDSL
Friday, 16 April 2010, 10:35 am | Businesswire
April 16 (BusinessWire) – The Commerce Commission has given Telecom Corp. reason to smile after its horror day yesterday in confirming it can provide new, high-speed VDSL broadband services without being bound to existing rules governing the fixed-line ... More >>
Stocks to watch: Delegat’s, FBU, MCK, NPX, TEL
Friday, 16 April 2010, 9:26 am | Businesswire
April 16 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
NZ dollar under pressure ahead of housing data
Friday, 16 April 2010, 9:15 am | Businesswire
April 16 (BusinessWire) – The New Zealand dollar has been strained since Wednesday’s weak consumer spending data and today’s housing data isn’t expected to give the currency a reprieve, with March’s sales expected to be flat. More >>
Rural Portfolio Capital breaches deed on payment
Friday, 16 April 2010, 8:17 am | Businesswire
April 16 (BusinessWire) – Rural Portfolio Capital, a unit of Baird McConnon and Craig Norgate’s investment company, has breached the terms of its Security Trust Deed after making its six-monthly dividend payment yesterday. More >>
While you were sleeping: Equities rise on optimism
Friday, 16 April 2010, 7:27 am | Businesswire
April 16 (Business Wire) - Equities in Europe and the U.S. advanced amid optimism about the outlook for the global economy as the latest economic reports in China and the U.S. bolstered the view that the two countries were firmly on growth trajectories. More >>
Nightmare deepens for Millennium & Copthorne JV
Friday, 16 April 2010, 7:18 am | Businesswire
April 15 (BusinessWire) - NZX-listed hoteliers Millennium & Copthorne reported more unauthorised asset sales by a former senior executive, leaving the New Zealand group's Chinese joint venture with less than a third of the portfolio it owned a ... More >>
Reynolds confirms 200 jobs to go at Telecom
Thursday, 15 April 2010, 6:12 pm | Businesswire
April 15 (BusinessWire) – Telecom’s chief Paul Reynolds confirmed the company will look to sack as many as 200 managers this year, with potentially more in coming years, as it seeks to claw back costs amid a softer earnings outlook. More >>
MARKET CLOSE: NZ shares fall from 19-month high
Thursday, 15 April 2010, 6:07 pm | Businesswire
April 15 (BusinessWire) – New Zealand shares fell after Telecom Corp. cut its earnings forecast and said it may extend job cuts after announcing 200 management jobs will be eliminated. Fletcher Building climbed to a two-year high. More >>
GM cattle trials approved on second attempt
Thursday, 15 April 2010, 3:18 pm | Businesswire
April 15 (BusinessWire) - Genetically modified cows, sheep and goats will be bred to seek new human medicines, improve the composition of milk, and allow study of disease resistance at Agresearch's Ruakura research Hamilton, in a critical decision ... More >>
Airports ratings safe, care with capex needed: S&P
Thursday, 15 April 2010, 2:24 pm | Businesswire
April 15 (BusinessWire) – Australasian airports should be able to maintain their current credit ratings if they attend to financial risk according to Standard & Poor’s Ratings Service. More >>
Telecom guidance downgrade: copper's a problem
Thursday, 15 April 2010, 2:10 pm | Businesswire
April 15 (BusinesWire) – Telecom's copper network regulation does not work in a fibre age, says Telecom in a profit downgrade for 2011 to 2013 announced this afternoon after a trading halt of more than five hours in New Zealand. “We are highly focused ... More >>
Telecom flags ‘financial forecasts’ in halt notice
Thursday, 15 April 2010, 12:41 pm | Businesswire
April 15 (BusinessWire) – Telecom Corp., the country’s biggest phone company, has asked for a two hour trading halt on the ASX pending a material announcement “in relation to its financial forecasts.” More >>
NZ manufacturing picks itself off the canvas
Thursday, 15 April 2010, 12:34 pm | Businesswire
April 15 (BusinessWire) – New Zealand manufacturing is the healthiest it has been for over two years, as activity expanded across most regions, in turn reflecting a significant global manufacturing recovery. More >>
Telecom assets overvalued in first regulatory file
Thursday, 15 April 2010, 11:53 am | Businesswire
April 15 (BusinessWire) – Telecom Corp., New Zealand’s biggest phone company, overvalued its fixed assets in its first regulatory report to the Commerce Commission. More >>
Telecom stock halted pending announcement
Thursday, 15 April 2010, 10:54 am | Businesswire
The shares edged up 0.5% to $2.25 before the halt on the NZX today and have declined 13% in the past three months amid repeated outages on its XT network and the departure of three key executives. More >>
Oyster Bay, heading for loss, seeks bank waiver
Thursday, 15 April 2010, 10:16 am | Businesswire
April 15 (BusinessWire) – Oyster Bay Marlborough Vineyards Ltd., the supply of grapes to Delegat’s Wine Estate Ltd., says weak prices of grapes will result in an operating loss this year, forcing the grower to seek a waiver from its banking ... More >>
Stocks to watch: NZX, F&P Appliances, Sky TV, APT
Thursday, 15 April 2010, 9:29 am | Businesswire
April 15 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
NZ dollar held back by ‘dire’ retail sales
Thursday, 15 April 2010, 9:23 am | Businesswire
April 15 (BusinessWire) – The New Zealand dollar was held back by its “dire” retail sales data yesterday after investors’ appetite for Asian currencies was underpinned by a growth surge in Singapore’s economy. More >>
