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Businesswire - Latest News [Page 148]
NZ dollar drops; investors exit US short positions
Friday, 18 December 2009, 9:25 am | Businesswire
Dec. 18 (BusinessWire) – The New Zealand dollar dropped to just over 71 U.S. cents as investors roll back their exposure to higher-yielding, or riskier, assets going into the holiday period. More >>
While you were sleeping: Flight to safety
Friday, 18 December 2009, 7:17 am | Businesswire
Dec. 18 (Business Wire) - Lingering concerns about credit quality and mixed economic news led investors to park money in a safe-haven move in the U.S. dollar, pushing it to a three-month high against the euro and taking the wind out of equities and ... More >>
MARKET CLOSE: NZ shares fall; NZR falls, NPX up
Thursday, 17 December 2009, 7:04 pm | Businesswire
Dec. 17 (BusinessWire) – New Zealand shares fell, led by New Zealand Refining after the nation’s only oil refinery said shrinking margins will slash full-year profit as much as 90%. Nuplex Industries gained after lifting its guidance. More >>
Business confidence declines, outlook optimistic
Thursday, 17 December 2009, 4:23 pm | Businesswire
Dec. 17 (BusinessWire) – Business confidence extended its decline for the third straight month, though firms are still relatively optimistic about the coming year, according to the National Bank Business Outlook. A net 38.5% of respondents expect ... More >>
NAB trumps AMP offer to scoop AXA AP’s Australasia
Thursday, 17 December 2009, 3:25 pm | Businesswire
Dec. 17 (BusinessWire) – National Bank of Australia, the parent of Bank of New Zealand, has trumped AMP’s offer to buy AXA Asia Pacific Holdings in a similar arrangement to pick up the Australasian businesses as the pension plan provider. ... More >>
Nuplex expects strong first half result
Thursday, 17 December 2009, 2:08 pm | Businesswire
Nuplex expects strong first half result, boosts guidance, rejigs management Dec. 17 (BusinessWire) – Nuplex Industries Ltd., the specialty chemicals maker, boosted its earnings guidance and expects a “strong first half result” as the Asian region ... More >>
Rotorua Trust buys 35% stake in Hubbard Foods
Thursday, 17 December 2009, 12:45 pm | Businesswire
Dec. 17 (BusinessWire) – Rotorua Energy Charitable Trust, which has injected some $75 million into local community projects over the past 15 years, has bought a third of former Auckland mayor Dick Hubbard’s cereal business for an undisclosed sum ... More >>
Allied Farmers stock sinks ahead of allocation
Thursday, 17 December 2009, 12:44 pm | Businesswire
Dec. 17 (BusinessWire) – Allied Farmers Ltd. stock sank to a record low ahead of the company’s allocation of about 1.9 billion new shares to Hanover Finance investors who will end up controlling the enlarged company. More >>
F&P Healthcare commits to third Auckland building
Thursday, 17 December 2009, 10:30 am | Businesswire
Dec. 17 (BusinessWire) - Fisher & Paykel Healthcare Corp. will build a third building on its East Tamaki, Auckland site as part of $33 million of spending earmarked for its New Zealand operations this year. More >>
NZ Refining confirms grim profit outlook
Thursday, 17 December 2009, 10:10 am | Businesswire
by Pattrick Smellie Dec 17. (BusinessWire) - Decimated refining margins at the country's only oil refinery will push year end profit for the New Zealand Refining Co Ltd down as much as 90% to between $10 million and $20 million in the year to December 31. More >>
NZ Farming Systems outlook improves on milk prices
Thursday, 17 December 2009, 10:09 am | Businesswire
Dec. 17 (BusinessWire) – NZ Farming Systems Uruguay Ltd., the South American dairy farm developer, trimmed its forecast annual loss amid rapid gains in dairy prices and said chairman Keith Smith will step down in favour of an independent director. ... More >>
AMP NZ Office portfolio value falls by 4.3%
Thursday, 17 December 2009, 10:00 am | Businesswire
AMP NZ Office portfolio value falls by 4.3%, trust sees signs of demand pickup More >>
Stocks to watch: Allied Farmers, FBU, NZR, NWF
Thursday, 17 December 2009, 9:36 am | Businesswire
Dec. 17 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
NZ dollar hits one-month high vs. A$ on RBA view
Thursday, 17 December 2009, 9:20 am | Businesswire
NZ dollar hits one-month high vs. Australian dollar as RBA talks down rate hikes More >>
While you were sleeping: Fed awaited
Thursday, 17 December 2009, 7:12 am | Businesswire
Dec. 17 (Business Wire) - Stocks advanced as investors bet the U.S. Federal Reserve would vote today to keep its key interest rate unchanged and signal that it would continue to keep rates low, moves which should bolster the emerging global economic ... More >>
Fulton Hogan shareholders to buy back Shell's 37%
Wednesday, 16 December 2009, 8:07 pm | Businesswire
by Pattrick Smellie Dec. 16 (BusinessWire) - An almost 30 year partnership between Shell Overseas Investments BV (Shell) and leading New Zealand roading infrastructure company Fulton Hogan Limited will shortly end with confirmation today that Fulton ... More >>
Allied Farmers wins over Hanover investors
Wednesday, 16 December 2009, 7:07 pm | Businesswire
Dec. 16 (BusinessWire) – Allied Farmers Ltd., a finance and rural services company with a market value of $7.5 million, has convinced investors in failed Hanover Finance to accept $400 million of shares in exchange for their financial assets. More >>
Heritage Gold taps shareholders for $2 mln
Wednesday, 16 December 2009, 6:39 pm | Businesswire
by Paul McBeth Dec. 16 (BusinessWire) – Heritage Gold NZ Ltd., the gold miner that was recently granted the North Island’s first permit outside of Waihi in 18 years, raised almost $2 million from shareholders in a share purchase plan, and its executive ... More >>
MARKET CLOSE: NZ shares gain; Contact, RBD gain
Wednesday, 16 December 2009, 5:49 pm | Businesswire
Dec. 16 (BusinessWire) – New Zealand shares rose, as Contact Energy Ltd.’s latest monthly figures showed it stemmed its loss of customers and Restaurant Brands New Zealand Ltd. reported a jump in sales at its KFC outlets. More >>
Hanover investors accept Allied Farmers
Wednesday, 16 December 2009, 4:45 pm | Businesswire
Dec. 16 (BusinessWire) – Investors in Hanover Finance voted to accept shares in Allied Farmers, betting that the asset swap offers the best hope of recovering the value of their investments. More >>
