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Businesswire - Latest News [Page 122]
KiwiRail first-half profit two-thirds below target
Tuesday, 2 March 2010, 5:19 pm | Businesswire
March 2 (BusinessWire) – New Zealand Railways Corp., which trades as KiwiRail, fell short of its first-half profit target by two-thirds amid ongoing negotiations with the government over funding for capital expenditure. More >>
NZX trading volume, value continue to pick up
Tuesday, 2 March 2010, 3:58 pm | Businesswire
March 2 (BusinessWire) – Trading on NZX Ltd.’s markets continued to pick up last month as investors regain confidence about the state of New Zealand’s debt and equity markets after the worst recession in 18 years. More >>
Pumpkin Patch profit jumps 50%; US, UK losses fall
Tuesday, 2 March 2010, 12:03 pm | Businesswire
March 2 (BusinessWire) – Pumpkin Patch, the children’s clothing chain, posted a 50% gain in first-half profit, after staunching losses in the U.S. and U.K., and trimming interest costs by slashing bank debt. The shares jumped to a two-year high. More >>
Windfarms posts 1H loss, capital raising delayed
Tuesday, 2 March 2010, 11:24 am | Businesswire
March 2 (BusinessWire) – New Zealand Windfarms Ltd. posted a first-half loss after writing down the value of assets and said it has delayed plans to raise funds to expand its Te Rere Hau wind farm amid a dispute with its turbine supplier. More >>
NZ dollar may rise above 70 cts on RBA move
Tuesday, 2 March 2010, 9:28 am | Businesswire
NZ dollar poised to rise above 70 US cts if RBA Governor hikes interest rates More >>
While you were sleeping: Stocks rise on recovery bets
Tuesday, 2 March 2010, 7:10 am | Businesswire
March 2 (BusinessWire) - Stocks in the U.S. and Europe rose overnight, bolstered by signs of continuing strength in the world’s biggest economy and optimism that Greek would receive help to bolster its finances. More >>
Value of Hanover, United assets more than halves
Monday, 1 March 2010, 8:05 pm | Businesswire
March 1 (BusinessWire) – Allied Farmers Ltd. stumped up shares valued at about $400 million for the financial assets of Hanover Finance and United Finance. The assets are worth less than half that amount now, under the company’s new valuation. More >>
Hubbard tips Helicopters, Scales into South Canty
Monday, 1 March 2010, 6:55 pm | Businesswire
March 1 (BusinessWire) – Businessman Allan Hubbard has come to the aid of South Canterbury Finance again, agreeing to sell his profitable Helicopters (NZ) and a majority stake in Scales Corp. to the firm in exchange for shares and cash. More >>
MARKET CLOSE: NZ shares rise; GPG, PPL gain
Monday, 1 March 2010, 6:10 pm | Businesswire
March 1 (BusinessWire) – New Zealand shares rose for a fourth day as investment group Guinness Peat Group reported an improved performance from its Coats unit and said a “value return” to shareholders was top priority. Pumpkin Patch, the children’s ... More >>
NZ commodity prices rise to 18-month high: ANZ
Monday, 1 March 2010, 3:49 pm | Businesswire
March 1 (BusinessWire) – The price of raw materials produced in New Zealand posted their 12th straight gain last month, led by rising lamb, skins and beef, according to the ANZ Commodity Price Index. More >>
Strategic Finance 1H loss worse than expected
Monday, 1 March 2010, 1:57 pm | Businesswire
March 1 (BusinessWire) – Strategic Finance Ltd., which sparked two review events under the terms of its moratorium arrangement in January, posted a worse-than-expected first-half loss of $99.8 million. More >>
NZ Dollar Outlook: Kiwi takes lead from Greece
Monday, 1 March 2010, 1:20 pm | Businesswire
March 1 (BusinessWire) – The New Zealand dollar will likely stay in its recent range of between 68 U.S. cents and 71.50 cents as the European Union mulls what to do about Greece. More >>
NZ annual migration climbs, boosts housing demand
Monday, 1 March 2010, 12:01 pm | Businesswire
March 1 (BusinessWire) – New Zealand recorded the highest annual immigration in more than five years as fewer kiwis headed overseas, providing added stimulus to the housing market and underpinning consumer demand. More >>
NZX FY profit reflects TZ1 writedown, 1H gains
Monday, 1 March 2010, 11:03 am | Businesswire
March 1 (BusinessWire) – NZX Ltd., which regulates and operates the stock exchange, posted a weaker full-year profit than it achieved in the first six months of the year, after recognising a drop in the value of the Markit shares it got for the sale ... More >>
Guinness Peat puts value return on priority list
Monday, 1 March 2010, 10:14 am | Businesswire
March 1 (BusinessWire) – Guinness Peat Group, the diversified investor chaired by Ron Brierley, said making a ‘value return’ to shareholders is its top priority in the next two months as its businesses recover from recession. More >>
Stocks to watch: AIA, APT, CMO, DGL, GPG, TUR
Monday, 1 March 2010, 9:32 am | Businesswire
Feb. 29 (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 in ‘holding pen’ ahead of RBA decision
Monday, 1 March 2010, 9:16 am | Businesswire
March 1 (BusinessWire) – The New Zealand dollar will likely stay in its current ranges ahead of tomorrow’s Reserve Bank of Australia meeting, with the market split on whether Governor Glenn Stevens will hike interest rates again in the biggest market ... More >>
World Week Ahead: Economy, jobs back in focus
Monday, 1 March 2010, 8:08 am | Businesswire
March 1 (BusinessWire) - The monthly U.S. jobs report, due at the end of this week, always has a way of refocusing investors’ attention. More >>
SMELLIE SNIFFS THE BREEZE: Intimate Disclosures
Friday, 26 February 2010, 8:58 pm | Businesswire
Phil Heatley: - Basically, I have a confusing wallet. I'm not a details person. I've got really no idea which credit card I use most of the time. All too believable. That's what it looked like, not that I know Phil Heatley. More >>
MARKET CLOSE: NZ shares edge higher; Ebos, APT up
Friday, 26 February 2010, 5:59 pm | Businesswire
Feb. 26 (BusinessWire) – New Zealand shares edged higher, led by Ebos Group Ltd., after the medical and scientific products distributor said it’s looking for acquisitions, and AMP NZ Office Trust announced an overhaul of its management structure. More >>
