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Businesswire - Latest News [Page 123]

Kiwi Income punts on Auckland waterfront

Friday, 26 February 2010, 5:49 pm | Businesswire

Kiwi Income snares 90-year lease for $16.5M in Auckland's showcase Wynyard Quarter More >>

ANZ Bank’s NZ underlying earnings fall 19%

Friday, 26 February 2010, 2:48 pm | Businesswire

Feb. 26 (BusinessWire) – Australia & New Zealand Banking Group’s New Zealand business reported a 19% decline in underlying earnings in the three months ended Dec. 31, reflecting impairment charges and ‘subdued’ lending volumes. Underlying ... More >>

South Canterbury makes early repayment of US debt

Friday, 26 February 2010, 2:47 pm | Businesswire

Feb. 26 (BusinessWire) - South Canterbury Finance Ltd., the finance company owned by Allan Hubbard’s Southbury Group, says its liquidity position is sufficiently strong to allow it to repay US$17.7 million of privately placed U.S. a month before ... More >>

Weak prices, strike pole-axes Solid Energy result

Friday, 26 February 2010, 2:40 pm | Businesswire

Feb. 26 (BusinessWire) - Solid Energy Ltd., the government-owner coal miner, is cancelling all major capital expenditure after its earnings turned to a $6.5 million loss in the six months to Dec. 31. More >>

Smallest balance of trade gap since 2002

Friday, 26 February 2010, 1:43 pm | Businesswire

Feb. 26 (BusinessWire) – New Zealand recorded its smallest annual trade deficit since July 2002 in January, reflecting weaker-than-expected imports outpacing a decline in exports. More >>

Vector 1H profit rises 11.6% on lower debt costs

Friday, 26 February 2010, 1:39 pm | Businesswire

Feb. 26 (BusinessWire) - Vector Ltd., New Zealand’s biggest gas and electricity distributor, posted an 11.6% gain in first-half profit to $101.3 million as the company reduced debt, lowered expenses and its network revenues showed resilience to recessionary ... More >>

Wine lake sinks Delegat's shares, write-downs loom

Friday, 26 February 2010, 1:02 pm | Businesswire

Feb. 26 (BusinessWire) - Delegat's Group Ltd., which makes the Oyster Bay brand wines, is forecasting a 30%-to-40% cut in full-year earnings as it prepares to write down the value of vineyards and their "biological assets" as wine industry oversupply ... More >>

NZ building consents fall for a second month

Friday, 26 February 2010, 12:04 pm | Businesswire

Feb. 26 (BusinessWire) – New Zealand home building consents fell for a second month in January, suggesting the nation’s economic recovery is still fragile as property owners fret about tax changes and the potential for higher interest rates. More >>

AMP NZ Office bows to pressure, promises overhaul

Friday, 26 February 2010, 11:51 am | Businesswire

Feb. 26 (BusinessWire) - AMP NZ Office Trust has bowed to shareholder pressure and will restructure by July 1 as a normal company with its own board and a new management fee structure to clearly separate the interests of the trust and its manager, AMP ... More >>

Pyne Gould posts 1H profit of $10.1M

Friday, 26 February 2010, 11:50 am | Businesswire

Feb. 26 (BusinessWire) – Pyne Gould Corp., the finance and asset management company with aspirations to turn its Marac unit into a bank, reported a return to first-half profit as impairments tumbled. More >>

Auckland Airport lifts 1H profit, plans hotel

Friday, 26 February 2010, 10:23 am | Businesswire

Feb. 26 (BusinessWire) - Auckland International Airport Ltd lifted underlying tax-paid profit 4.7% to $54.0 million in the six months to Dec. 31, as it announced plans to build a new 125-room budget hotel in time for next year's Rugby World Cup. More >>

NZ dollar falls on Greece fears, weak U.S. data

Friday, 26 February 2010, 10:17 am | Businesswire

Feb. 26 (BusinessWire) – The New Zealand dollar fell as renewed concerns about Greece’s fiscal health and weaker U.S. data eroded investors’ appetite for risk. More >>

Air NZ 1H profit doubles on lower fuel costs

Friday, 26 February 2010, 9:54 am | Businesswire

Feb. 26 (BusinessWire) – Air New Zealand Ltd., the state-controlled national carrier, reported first-half profit almost doubled as fuel costs tumbled and the airline reined in labour costs. More >>

Stocks to watch: AIA, Air NZ, Vector

Friday, 26 February 2010, 9:21 am | Businesswire

Stocks to watch: Auckland International Airport, Air NZ Feb. 26 (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 ... More >>

Widespread wins Chatham Rise permit

Friday, 26 February 2010, 8:19 am | Businesswire

Feb. 25 (BusinessWire) - Widespread Energy and its associate Widespread Portfolios have been granted a prospecting permit on the Chatham Rise, allowing them to test whether the area contains an estimated 100 million tonnes of rock phosphate, which ... More >>