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Businesswire - Latest News [Page 128]
MARKET CLOSE: NZ shares fall; NZS drops, SKL jumps
Thursday, 18 February 2010, 6:03 pm | Businesswire
Feb. 18 (BusinessWire) – New Zealand’s NZX 50 Index ended the session lower as global jitters about the potential for a sovereign default in Europe weighed on equities, offsetting gains for companies such as Skellerup Holdings, which posted improved ... More >>
OceanaGold to raise about US$75M, close hedges
Thursday, 18 February 2010, 4:45 pm | Businesswire
Feb. 18 (BusinessWire) – OceanaGold Corp., the operator of New Zealand’s biggest gold field at Macraes, plans to raise US$75 million selling securities to close out-of-the-money hedge contracts. More >>
Consumer confidence dips in February on jobs data
Thursday, 18 February 2010, 3:44 pm | Businesswire
Feb. 18 (BusinessWire) – New Zealand consumers are a bit more downbeat this month after data showed unemployment rose to a 17-year high at the end of last year, sapping the elevated optimism of last month. More >>
Govt unveils major work programme from CMDT
Thursday, 18 February 2010, 3:43 pm | Businesswire
Feb. 18 (Businesswire) - Business cases are being developed for new venture capital funds and the creation of a "financial hub" project, as part of the government's extensive response to the 60 recommendations of the Capital Markets Development Taskforce. More >>
NZ credit ratings flow for non-bank deposit takers
Thursday, 18 February 2010, 3:08 pm | Businesswire
Feb. 18 (BusinessWire) – The stream of new credit ratings has increased this week as companies that take deposits from retail customers gear up for central bank regulation that requires them to be rated. More >>
Imputation tax credit to stay: English
Thursday, 18 February 2010, 2:15 pm | Businesswire
Imputation tax credit to stay: English Feb. 18 (BusinessWire) – The government will keep the imputation system preventing the double taxation of company dividends when it unveils its tax package in the May Budget, Finance Minister Bill English ... More >>
AMP still interested in Axa deal, Dunn says
Thursday, 18 February 2010, 1:55 pm | Businesswire
Feb. 18 (BusinessWire) – AMP Ltd., Australia’s biggest provider of pension plans, says it is still interested in acquiring Axa Asia Pacific Holdings after its takeover offer was trumped by National Australia Bank. More >>
NZ fund managers, trustees face new rules: Power
Thursday, 18 February 2010, 1:12 pm | Businesswire
Feb. 18 (BusinessWire) - New rules and greater enforcement of the duties of fund managers and their supervising trustees is on the way, Commerce Minister Simon Power says in releasing the government's response to the recommendations of the Capital ... More >>
Telecom can operate VDSL services outside regulati
Thursday, 18 February 2010, 12:18 pm | Businesswire
Feb. 18 (BusinessWire) – Telecom Corp., the country’s largest phone company, can market new, high-speed VDSL broadband services without reference to regulations that govern the fixed line broadband market, the regulator has ruled. More >>
Michael Hill’s pretax profit lifted by Australia
Thursday, 18 February 2010, 12:08 pm | Businesswire
Feb. 18 (BusinessWire) - Michael Hill International Ltd., New Zealand’s only listed jewellery retailer, posted a 53% gain in pretax earnings in the first half as improved trading in Australia, its biggest market, helped buffer the company from the lingering ... More >>
Mainfreight 9 mth profit fall 12%, sees pickup
Thursday, 18 February 2010, 10:46 am | Businesswire
Feb. 18 (BusinessWire) – Mainfreight Ltd., the trucking firm whose shares have jumped 60% in the past six months, reported a drop in earnings for the first nine months while noting signs of a pickup heading into the year-end. More >>
Stocks to watch: Fletcher, ING Medical, MFT, SKL
Thursday, 18 February 2010, 9:58 am | Businesswire
Feb. 18 (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 >>
Skellerup claws out of recession
Thursday, 18 February 2010, 9:54 am | Businesswire
Feb. 18 (BusinessWire) - Skellerup Holdings Ltd., the agricultural and rubber goods manufacturer, has begun to pull out of the worst impacts of the global recession, reporting a $3.28 million net profit after tax for the six months to Dec. 31. More >>
NZ dollar holds above 70 cts on US data, Europe
Thursday, 18 February 2010, 9:21 am | Businesswire
Feb. 18 (BusinessWire) – The New Zealand dollar held above 70 U.S. cents amid ongoing concerns over European sovereign debt, as upbeat data across the Atlantic reinforced the prospect that the world’s largest economy is on the rebound up. More >>
While you were sleeping: Banks bolster Europe
Thursday, 18 February 2010, 7:17 am | Businesswire
Feb. 18 (BusinessWire) - Another solid earnings report from a bank, France’s BNP Paribas, helped lift investors’ spirits and drive shares sharply higher in Europe. Shares in the U.S. were higher, though the gains were modest. More >>
Tenon breaks even in 1H; China demand grows
Wednesday, 17 February 2010, 7:12 pm | Businesswire
Feb. 17 (BusinessWire) - Tenon Ltd., the specialty wood products manufacturer, broke even in the first half, including financing expenses, as the weak U.S. housing market dragged on earnings. More >>
MARKET CLOSE: NZX 50 rises a 2nd day; ANZ, FBU up
Wednesday, 17 February 2010, 6:06 pm | Businesswire
Feb. 17 (BusinessWire) – New Zealand shares rose, led by Australia & New Zealand Banking Group, after the U.K.’s Barclays Plc posted earnings that beat estimates, and U.S. manufacturing strengthened, helping spur a global rally. More >>
Cynotech ho-hum on Hawkins takeover offer
Wednesday, 17 February 2010, 3:32 pm | Businesswire
Feb. 17 (BusinessWire) – Independent directors of Cynotech Holdings Ltd. found ‘limited appeal’ in chairman Allan Hawkins’ proposal to take the diversified company private, even though its NZX listing hasn’t provided much benefit. More >>
$10m at stake for Greymouth Petroleum in tax plea
Wednesday, 17 February 2010, 2:28 pm | Businesswire
Feb. 17 (BusinessWire) - Unintended consequences of a tax change in 2008 will cost the privately owned New Zealand oil and gas explorer Greymouth Petroleum an unexpected $10 million on a $30 million Chilean venture, a tax adviser representing the company ... More >>
Ports of Auckland lifts profit, pays dividend
Wednesday, 17 February 2010, 1:01 pm | Businesswire
Feb. 17 (BusinessWire) – Ports of Auckland, the port company owned by New Zealand’s largest city, lifted first-half profit by 49% after reining in costs, reducing debt and generating funds from the sale of Queens Wharf. More >>
