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Businesswire - Latest News [Page 127]

SMELLIE SNIFFS THE BREEZE: Call Centre Rage

Friday, 19 February 2010, 7:06 pm | Businesswire

With XT knocked again by failures, the company has lost a huge chunk of customer trust this year - a difficult currency to accumulate and even harder to rebuild. This is all good news for the likes of Telstra, Vodafone, TeamTalk, Xtreme Networks, ... More >>

NZX confirms Allied Farmers is out of the NZX 50

Friday, 19 February 2010, 5:54 pm | Businesswire

Feb. 19 (BusinessWire) - NZX Ltd., the New Zealand stock exchange operator, has clarified that Allied Farmers Ltd. won't join the NZX 50 Index at this time, leaving unanswered questions about how it came to notify market participants on Monday that the recently ... More >>

MARKET CLOSE: NZ shares edge higher; Sky TV gains

Friday, 19 February 2010, 5:41 pm | Businesswire

Feb. 19 (BusinessWire) – New Zealand shares edged higher, paced by companies that posted improved earnings, including Sky Network Television and Turners Auctions. More >>

Allied Farmers mulls legal action over exclusion

Friday, 19 February 2010, 4:09 pm | Businesswire

Feb. 19 (BusinessWire) - Allied Farmers Ltd is mulling legal action against NZX Ltd. following its abrupt exclusion this morning from the NZX 50 Index, which was to have begun next Monday. More >>

Lyttelton, Otago ports extend merger talks

Friday, 19 February 2010, 2:34 pm | Businesswire

Feb. 19 (BusinessWire) – Lyttelton Port Co. and Port of Otago Ltd. will extend their negotiations over a possible operational merger, saying it is ultimately in the hands of their shareholders and the regulator whether it can fly. More >>

Charlie’s abandons plans to raise equity

Friday, 19 February 2010, 2:15 pm | Businesswire

Feb. 19 (BusinessWire) – Charlie’s Group, the juicemaker set up by Stefan’s Orange Juice founder Stefan Lepionka and entertainer Mark Ellis, has abandoned plans to raise more capital, saying a return to profitability has taken the pressure off ... More >>

NAB 1Q earnings growth stalls; bad debts wane

Friday, 19 February 2010, 2:09 pm | Businesswire

Feb. 19 (BusinessWire) – National Australia Bank, parent of Bank of New Zealand, posted first-quarter cash earnings of A$1.1 billion, unchanged from a year earlier, and said the period was characterised by subdued credit growth, increased rivalry ... More >>

Turners Auction FY profit triples as costs fall

Friday, 19 February 2010, 1:49 pm | Businesswire

Feb. 19 (BusinessWire) – Turners Auctions Ltd., the largest single seller of motor vehicles in New Zealand, tripled its full-year profit after reducing purchases of used vehicles in Japan, allowing costs to fall more than revenue. More >>

NZ Treasury less downbeat over finance companies

Friday, 19 February 2010, 1:38 pm | Businesswire

Feb. 19 (BusinessWire) – New Zealand’s Treasury is less downbeat about the outlook for financial institutions signed up to the government’s retail deposit guarantee, cutting more than $100 million from its provisions for finance companies to draw ... More >>

Contact lodges application for Tauhara

Friday, 19 February 2010, 12:34 pm | Businesswire

Feb. 19 (BusinessWire) - Contact Energy Ltd.'s application for a fast-tracked resource consent for the 250 Megawatt Tauhara geothermal power station will be the first to be considered by Environment Minister Nick Smith under the new, streamlined Environmental ... More >>

Turners Auctions first-half profit soars 69%

Friday, 19 February 2010, 12:31 pm | Businesswire

August 21 (BusinessWire) – Turners Auctions Ltd., the largest single seller of motor vehicles in the country, reported a 69% gain in first-half earnings as it slashed spending in a declining market. The shares jumped 9.9%. More >>

Smith flags penalties for tardy councils on RMA

Friday, 19 February 2010, 12:16 pm | Businesswire

Feb. 18 (BusinessWire) – New Zealand local bodies that fail to process resource consent applications on time will be slapped with a 25% penalty, ratcheting up at the rate of 5% a week for every week an application remains outstanding, under proposals ... More >>

NZ dollar falls below 70 cts as Fed lifts rate

Friday, 19 February 2010, 12:10 pm | Businesswire

Feb. 19 (BusinessWire) – The New Zealand dollar fell below 70 U.S. cents after the Federal Reserve hiked the discount rate charged to banks for direct loans, in a sign American regulators are moving toward winding down stimulus measures. More >>

NZ govt urged to sack Environment Canterbury

Friday, 19 February 2010, 12:03 pm | Businesswire

Feb. 19 (BusinessWire) - The elected regional councillors of Environment Canterbury should be replaced as soon as possible by government-appointed commissioners, says a special review group which found ECan profoundly under-prepared to manage the region's ... More >>

Pike makes first shipment as capital raising eyed

Friday, 19 February 2010, 11:30 am | Businesswire

Feb. 19 (BusinessWire) – Pike River Coal, which has been forced to raise additional capital during development of its coal mine near Greymouth, announced its first export shipment – 20,000 metric tons of coking coal, worth $3.4 million, being sent to ... More >>