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Businesswire - Latest News [Page 155]
NZ’s ‘defensive’ stock market helps lift volumes
Tuesday, 1 December 2009, 12:18 pm | Businesswire
Dec. 1 (BusinessWire) – Trading volumes on NZX Ltd. markets revived in November, chalking up the strongest month in 2009, as the relatively defensive nature of New Zealand’s shares helped them outperform global peers. More >>
Tax reforms to be fair, gradual, fiscally neutral
Tuesday, 1 December 2009, 10:44 am | Businesswire
by Pattrick Smellie Rising tax rates in countries hit by the global recession give New Zealand a rare opportunity to position itself as a relatively lowly taxed country without pursuing the radical tax rate cuts outlined in yesterday's 2025 Taskforce ... More >>
NZ economy not yet out of the woods: NZIER
Tuesday, 1 December 2009, 9:28 am | Businesswire
Dec. 1 (BusinessWire) – The recession’s over according to the New Zealand Institute of Economic Research, but there’s still a few potholes on the road to recovery. More >>
Stocks to watch: Air NZ, Infratil, Methven, SKC
Tuesday, 1 December 2009, 9:13 am | Businesswire
Dec. 1 (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 slips toward 71 US cts on Dubai outlook
Tuesday, 1 December 2009, 9:01 am | Businesswire
NZ dollar slips toward 71 US cts as Dubai talks down bailout of Dubai World More >>
While you were sleeping: U.S. stocks slide
Tuesday, 1 December 2009, 7:25 am | Businesswire
Dec. 1 (BusinessWire) – Shares on Wall Street edged lower as U.S. consumers held back on purchases at the start of the holiday shopping season, dimming the recovery hopes for the world’s biggest economy. More >>
MARKET CLOSE: NZ shares rise, led by Infratil
Monday, 30 November 2009, 6:18 pm | Businesswire
Nov. 30 (BusinessWire) – New Zealand shares rose, led by Infratil Ltd. after the investment group said it supported a takeover offer for its 32% owned Energy Developments. More >>
Restaurant Brands ups profit guidance to $17.5m
Monday, 30 November 2009, 5:41 pm | Businesswire
Restaurant Brands ups profit guidance to $17.5 million Nov. 30 (BusinessWire) - Franchise takeout food operator Restaurant Brands Ltd reports better trading conditions have allowed it to increase its profit guidance for the year to February 28 to $17.5 million. More >>
Infratil pledges support for Greenspark ENE offer
Monday, 30 November 2009, 5:25 pm | Businesswire
Nov. 30 (BusinessWire) – Infratil Ltd., the biggest shareholder in Australian alternative energy group Energy Developments Ltd., is supporting a A$431 million takeover bid a group affiliated to private equity firm Pacific Equity Partners and has pledged ... More >>
Dorchester Pacific looks to exit moratorium
Monday, 30 November 2009, 4:53 pm | Businesswire
Nov. 30 (BusinessWire) – Dorchester Pacific Group, the listed financial services company, is looking to exit its moratorium in an offer to debenture holders that would see them recoup between 87 cents and 91 cents in the dollar. More >>
Allied Farmers proposal tops Hanover receivership
Monday, 30 November 2009, 4:45 pm | Businesswire
Nov. 30 (BusinessWire) – Hanover Finance’s independent directors have concluded that the $400 million all-stock takeover offer from Allied Farmers is the best option for its investors, who may otherwise have to take their chances with a receivership. More >>
Telstra rejigs structure, consolidates NZ unit
Monday, 30 November 2009, 3:28 pm | Businesswire
Nov. 30 (BusinessWire) – Telstra Corp., Australia’s largest phone company, will rejig its structure and fold the New Zealand business into a single trans-Tasman market, the company announced today. More >>
Slash spending for 20% tax rate - Brash taskforce
Monday, 30 November 2009, 1:42 pm | Businesswire
by Pattrick Smellie Nov. 30 (BusinessWire) - Government spending cuts of between $7 billion and $9 billion a year would allow massive tax cuts that would offer "a package that would lift the income of New Zealanders very substantially", says ... More >>
NZ Dollar Outlook: Kiwi to gain as Dubai fear ebbs
Monday, 30 November 2009, 12:59 pm | Businesswire
Nov. 30 (BusinessWire) – The New Zealand dollar may push higher this week as concerns ease about the impact of a potential default on debt payments by Dubai will have on the global economic recovery. More >>
NZ home-building approvals climb in October
Monday, 30 November 2009, 12:53 pm | Businesswire
Nov. 30 (BusinessWire) – New Zealand home-building approvals jumped last month, extending their gains for a fourth month, ensuring a key element to the nation’s economic recovery remains in place as interest rates remain low. More >>
OceanaGold cites gold price surge, Macraes reserve
Monday, 30 November 2009, 12:30 pm | Businesswire
Nov. 30 (BusinessWire) – OceanaGold Corp. cited record gold prices and an increase in resources at its Macraes project in answer to an ASX query on its soaring stock price this month. More >>
Pyne Gould raises $5.9M in share purchase plan
Monday, 30 November 2009, 11:56 am | Businesswire
Nov. 30 (BusinessWire) - Pyne Gould Corp., the finance company with ambitions to become a bank and asset manager, raised $5.9 million through its share purchase plan, completing a $273 million capital raising More >>
COMMENT: Key bolts door on most big Brash ideas
Monday, 30 November 2009, 11:23 am | Businesswire
Nov. 30 (BusinessWire) - Unless there's a great idea just waiting to shine, it seems the biggest ideas in Don Brash's 2025 Productivity Taskforce report are already out in the public domain and already virtually still-born. More >>
Methven beats forecast with 15% drop in profit
Monday, 30 November 2009, 11:00 am | Businesswire
Nov. 30 (BusinessWire) – Methven Ltd., the manufacturer of taps and bathroom fittings, posted a 15% decline in first-half profit, beating its forecast on more robust returns in Australia and New Zealand, and smaller losses from the U.S. More >>
NZ dollar exceeds 71 US cts on Abu Dhabi support
Monday, 30 November 2009, 9:37 am | Businesswire
NZ dollar climbs above 71 US cts as Abu Dhabi moves to prop up Dubai More >>
