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Businesswire - Latest News [Page 125]
Meridian cashes in on high rainfall in first half
Wednesday, 24 February 2010, 4:06 pm | Businesswire
Feb. 24 (BusinessWire) - Meridian Energy's underlying earnings rose 40% to deliver tax-paid earnings, excluding unrealised gyrations in the value of its huge Bluff smelter contract, of $118.7 million in the six months to Dec. 31. More >>
Tidy first-half from Genesis Energy
Wednesday, 24 February 2010, 2:55 pm | Businesswire
Feb. 24 (BusinessWire) - Genesis Energy Ltd. announced markedly improved earnings in the six months to Dec. 31, reporting tax-paid profit of $64.6 million, a 32% increase in spite of a drop of nearly 10% in revenue thanks to low wholesale electricity prices. More >>
Commerce Commission sees rise in merger activity
Wednesday, 24 February 2010, 11:28 am | Businesswire
Feb. 24 (BusinessWire) – The Commerce Commission is preparing for an inflow of merger applications this year as firms that survived the worst recession in 18 years move to strengthen their position as the economy gradually recovers. More >>
Comvita completes licensing deal with Derma
Wednesday, 24 February 2010, 11:20 am | Businesswire
Feb. 24 (BusinessWire) – Comvita Ltd. the medicinal honey products developer whose shares have doubled in 12 months, said it completed a global licensing and manufacturing deal with Nasdaq-listed Derma Science Inc. for its Medihoney wound-care line. More >>
Oyster Bay first-half loss shrinks on cost control
Wednesday, 24 February 2010, 11:19 am | Businesswire
Feb. 24 (BusinessWire) - Grape grower Oyster Bay Marlborough Vineyards Ltd. has reported a reduced first-half loss of $599,000 for the six months to Dec. 31, down from $830,000 in the same period a year earlier. More >>
Rubicon seeks trading halt
Wednesday, 24 February 2010, 10:44 am | Businesswire
Feb. 24 (BusinessWire) - Shares in Rubicon Ltd were placed in a trading halt on the NZSX this morning, in response to a company request pending an announcement about a capital raising initiative. More >>
NZOG posts 1H loss on lower oil prices, volumes
Wednesday, 24 February 2010, 10:44 am | Businesswire
Feb. 24 (BusinessWire) - New Zealand & Gas Ltd. reported a $6.5 million loss for the six months to Dec. 31, from a year-earlier profit of $54 million, reflecting reduced volumes from the Tui oilfield, lower global oil prices, the cost of writing ... More >>
Tourism Holdings posts 1H profit, boosts sales
Wednesday, 24 February 2010, 10:07 am | Businesswire
Feb. 24 (BusinessWire) – Tourism Holdings Ltd., the campervan rental company that was dropped from the NZX 50 Index last year, remained profitable in the first half of the financial year amid an upturn in trans-Tasman visitor numbers. More >>
Stocks to watch: CHA, CEN, Pike, NZOG, TEL, THL
Wednesday, 24 February 2010, 10:01 am | Businesswire
Feb. 23 (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 >>
Pike plans $50M stock issue, bond sale
Wednesday, 24 February 2010, 9:51 am | Businesswire
Pike to meet cash shortage with $50M stock issue, sale of bonds, coal to NZOG More >>
While you were sleeping: US confidence sags
Wednesday, 24 February 2010, 7:50 am | Businesswire
Feb. 24 (BusinessWire) – U.S. consumer confidence unexpectedly tumbled to a 10-month low, dragging down stocks on Wall Street and weighing on the greenback as Americans fretted about job security. More >>
Blue Chip founder Bryers pleads guilty, faces fine
Tuesday, 23 February 2010, 9:20 pm | Businesswire
Feb. 23 (BusinessWire) - The co-founder of failed property development company Blue Chip, Mark Bryers, pleaded guilty through his lawyer to all remaining charges against him in Auckland District Court hearings today. More >>
Morningstar questions Huljich in KiwiSaver survey
Tuesday, 23 February 2010, 6:11 pm | Businesswire
Feb. 23 (BusinessWire) – Morningstar Australasia, the fund research firm, questioned the performance of Huljich Wealth Management in its latest survey of KiwiSaver funds, saying the provider wouldn’t have posted as strong returns without extra payments ... More >>
NZX to review index-setting processes
Tuesday, 23 February 2010, 5:53 pm | Businesswire
Feb. 23 (BusinessWire) - NZX Ltd., the New Zealand stock market operator, today issued its third clarification statement in three days amid ongoing investor protests about how it handled consideration of including Allied Farmers Ltd. in the NZX 50 index. More >>
MARKET CLOSE: NZ shares mixed; TEL drops, ALF up
Tuesday, 23 February 2010, 5:47 pm | Businesswire
Feb. 23 (BusinessWire) – New Zealand shares were mixed. Telecom Corp. fell after raising its compensation offer for XT outages and cutting its full-year guidance, while Allied Farmers rose on expectations it is only a matter of time before it enters ... More >>
Enough is enough’ – Alcatel on notice over XT
Tuesday, 23 February 2010, 5:24 pm | Businesswire
Feb. 23 (BusinessWire) – Telecom Corp. chief executive Paul Reynolds is putting XT architect Alcatel-Lucent NZ Ltd. on a very short leash, saying “enough is enough” over the spate of outages on its network. The shares sank 2.5% to an 11-month low ... More >>
PGC makes divisions transparent for banking bid
Tuesday, 23 February 2010, 3:51 pm | Businesswire
Feb. 23 (BusinessWire) – The separation of Pyne Gould Corp.’s businesses into three distinct and standalone units will greatly aid its eventual application for a banking licence, according to stockbrokers Forsyth Barr. More >>
NZ Super Fund loses money in January, up in year
Tuesday, 23 February 2010, 2:17 pm | Businesswire
Feb. 23 (BusinessWire) – The New Zealand Superannuation Fund recorded a 1.97% loss in January, bringing its performance in the first seven months of its financial year to 15%. More >>
APN News returns to profit, sees better 2010
Tuesday, 23 February 2010, 1:23 pm | Businesswire
Feb. 23 (BusinessWire) – APN News & Media, the publisher of the New Zealand Herald, turned to a full-year profit after impairments pushed its previous year’s results into the red, and said a pickup in trading in the fourth quarter has continued ... More >>
NZ Refining sees slim margins enduring in 2010
Tuesday, 23 February 2010, 12:06 pm | Businesswire
Feb. 23 (BusinessWire) – New Zealand Refining Co.’s outlook for the year ahead indicates continuing tough times as its refining margins remain squeezed, with more shakeouts expected in an unsustainable global refining industry. More >>
