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Businesswire - Latest News [Page 121]
MARKET CLOSE: NZX 50 gains; RBD, SPY, TEL up
Thursday, 4 March 2010, 5:56 pm | Businesswire
March 4 (BusinessWire) – New Zealand’s benchmark NZX 50 Index rounded out its seventh day of gains after Restaurant Brands said annual profit beat its own forecast and Telecom Corp. climbed from near a record low. More >>
SmartPay expects underlying profit this year
Thursday, 4 March 2010, 3:50 pm | Businesswire
by Paul McBeth March 4 (BusinessWire) – SmartPay Ltd., the EFTPOS company that acquired assets from the failed ProvencoCadmus group, expects to make an underlying profit this year and is working through its existing debt facilities as it prepares ... More >>
CRIs need shelter from bureaucrats: taskforce
Thursday, 4 March 2010, 12:48 pm | Businesswire
March 4 (BusinessWire) - Crown Research Institutes, New Zealand's government-funded science agencies, need less bureaucratic supervision, properly functioning boards, and shouldn’t start their own businesses when private partners would do a better ... More >>
Restaurant Brands profit jumps 67%, shares surge
Thursday, 4 March 2010, 12:19 pm | Businesswire
March 4 (BusinessWire) - Restaurant Brands New Zealand Ltd., the fast-food franchise holder whose stock has tripled in the past year, said annual profit soared 67%, beating its forecast on KFC sales and a renegotiated supplier contract. More >>
Brash replaces Huljich after KiwiSaver lapses
Thursday, 4 March 2010, 11:56 am | Businesswire
March 4 (BusinessWire) – Auckland society pages regular Peter Huljich has stepped down as managing director and chief investment officer of the wealth management firm that bears his name to be replaced by chairman and former Reserve Bank governor Don ... More >>
Australia won't ‘slow down’ to allow NZ catch up
Thursday, 4 March 2010, 10:47 am | Businesswire
March 4 (BusinessWire) – New Zealand faces a herculean task in achieving the government’s aspiration to close the gap with Australia, and the so-called ‘lucky country’ isn’t going to bend over backwards to help its trans-Tasman neighbour catch up. More >>
Stocks to watch: ALF, DIL, GPG, PPL, TEL, WEN
Thursday, 4 March 2010, 9:29 am | Businesswire
March 4 (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 lags Aussie as 'risk' currencies gain
Thursday, 4 March 2010, 9:13 am | Businesswire
March 4 (BusinessWire) – The New Zealand dollar lagged behind gains in other so-called risk currencies as investors’ appetite for higher-yielding assets grew after Greece outlined a fresh plan to slash its budget deficit. More >>
While you were sleeping: Greece bites the bullet
Thursday, 4 March 2010, 6:51 am | Businesswire
March 4 (Business Wire) - Spending cuts in Greece and more positive economic news in the U.S. spurred equities higher in both Europe and on Wall Street overnight. More >>
MARKET CLOSE: NZX 50 hits 6-wk high; WBC, PPL gain
Wednesday, 3 March 2010, 5:46 pm | Businesswire
March 3 (BusinessWire) – New Zealand shares rose, pushing the NZX 50 Index to the highest level since Jan. 26, as faster economic growth in Australia helped lift prospects for companies including Pumpkin Patch and Guinness Peat Group extended its gains ... More >>
Meridian to shed southern customers
Wednesday, 3 March 2010, 11:11 am | Businesswire
March 3 (BusinessWire) - Meridian Energy will shed some of its South Island customers and is worried more government intervention will be required when it sheers off its Tekapo hydro-power stations and gives them to Genesis Energy under electricity reforms ... More >>
More Auckland homeowners look to sell: Barfoot
Wednesday, 3 March 2010, 10:59 am | Businesswire
March 3 (BusinessWire) – More Auckland homeowners are looking to sell after an 11-month hiatus when the worst recession in 18 years sapped people’s appetite for big ticket spending. More >>
NZ businesses urged to make haste with finance
Wednesday, 3 March 2010, 10:30 am | Businesswire
March 3 (BusinessWire) – New Zealand businesses need to renegotiate their funding facilities earlier rather than later, according to Bancorp Treasury Services. More >>
NZ dollar sinks to 9-year low vs Australian dollar
Wednesday, 3 March 2010, 9:46 am | Businesswire
March 3 (BusinessWire) – The New Zealand dollar fell below 77 Australian cents, the lowest since December 2000, after the Reserve Bank of Australia hiked interest rates for the fourth time in five months, highlighting the yield gap between the ... More >>
Fonterra milk powder prices unexpectedly rise
Wednesday, 3 March 2010, 9:30 am | Businesswire
March 3 (BusinessWire) – The price of whole milk powder unexpectedly rose this month in Fonterra Cooperative Group’s online trading auction, though long-term contracts were weaker, hinting that the slight gain may be a blip. More >>
Stocks to watch: Allied, AIA, GPG, NZO, PPL
Wednesday, 3 March 2010, 9:20 am | Businesswire
March 3 (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 >>
Hubbard’s South Canty aid fails to protect rating
Wednesday, 3 March 2010, 7:58 am | Businesswire
March 3 (BusinessWire) – Businessman Allan Hubbard’s move to shore up the finances of South Canterbury Finance haven’t been enough to protect the firm’s credit rating, which was cut one notch to BB by Standard & Poor’s. More >>
While you were sleeping: Greek budget cuts ahead
Wednesday, 3 March 2010, 7:06 am | Businesswire
March 3 (Business Wire) - Stocks in the U.S. and Europe rose overnight, paced by news that the Greek government would implement budget cuts to rein in its deficit and ease concerns about its debt crisis. More >>
RBA raises key rate to 4% as economy revives
Tuesday, 2 March 2010, 6:29 pm | Businesswire
March 2 (BusinessWire) – The Reserve Bank of Australia raised its key interest rate by a quarter point to 4%, saying the economy is returning to trend growth while inflation, which has picked up, will likely track within the bank’s target range ... More >>
MARKET CLOSE: NZ shares gain; PPL, GPG rise
Tuesday, 2 March 2010, 5:56 pm | Businesswire
March 2 (BusinessWire) – New Zealand shares gained after children’s clothing chain Pumpkin Patch posted a profit surge that beat estimates and Guinness Peat Group extended its advance on signs of recovery at its Coats unit. More >>
