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Businesswire - Latest News [Page 157]
NZ business confidence ebbs in November
Thursday, 26 November 2009, 3:49 pm | Businesswire
Nov. 26 (BusinessWire) – Business confidence ebbed this month as firms grew more cautious about the pace of New Zealand’s economic recovery as the global economy manages only a tepid revival, according to the National Bank Business Outlook. More >>
Auckland, Canterbury post fastest regional growth
Thursday, 26 November 2009, 3:27 pm | Businesswire
Nov 26. (BusinessWire) - Auckland and Canterbury have been ranked as the fastest-growing regions in New Zealand, according to an ASB study commissioned by the Main Report. More >>
Paykel steps down as chairman of F&P Appliances
Thursday, 26 November 2009, 3:17 pm | Businesswire
Nov. 26 (BusinessWire) – Gary Paykel is stepping down as chairman of Fisher & Paykel Appliances, part of the empire his family helped found, signaling a changing of the guard after the company welcomed a new cornerstone shareholder and strengthened ... More >>
Kermadec shares jump on asset sale, debt payment
Thursday, 26 November 2009, 12:54 pm | Businesswire
Nov 26. (Businesswire) – Kermadec Property Fund Ltd., owner of seven commercial and industrial properties throughout New Zealand, said it has an unconditional agreement to sell two properties for $7.7 million, freeing up funds to repay debt. Its shares ... More >>
Seeka 1st-half profit edges lower on Vital Foods
Thursday, 26 November 2009, 12:13 pm | Businesswire
Nov. 26 (BusinessWire) – Seeka Kiwifruit Industries, the company which handles 26% of New Zealand’s kiwifruit crop, posted a 2.9% decline in first-half profit after it was forced to write off its investment in research company Vital Foods this ... More >>
GPG’s Gibb’s declines comment on Hanover reports
Thursday, 26 November 2009, 10:28 am | Businesswire
By Jonathan Tringham Nov 26. (BusinessWire) - Guinness Peat Group director Tony Gibb declined to comment on reports the investment group is considering making a rival bid for the financial assts of Hanover Finance and its affiliate United Finance. More >>
Tower delivers "first rate result" in tough year
Thursday, 26 November 2009, 10:14 am | Businesswire
Nov 26 (BusinessWire) - Tower Ltd, the life, health and general insurance group, has delivered a 23.8% increase in profit for the year to September 30 of $50.08 million, and raised its effective dividend rate by 49% to reflect what chairman Tony Gibbs ... More >>
NZ dollar falls vs Australian dollar on Battellino
Thursday, 26 November 2009, 9:44 am | Businesswire
NZ dollar falls to 5-mth low vs Australian dollar as Battellino talks up lucky country More >>
Stocks to watch: Cavotec, Kermadec, Seeka, Tower
Thursday, 26 November 2009, 9:38 am | Businesswire
Nov. 26 (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 >>
While you were sleeping: Dubai default risk
Thursday, 26 November 2009, 8:39 am | Businesswire
Nov. 26 (BusinessWire) – Stocks rose on Wall Street after stronger-than-expected U.S. consumer spending and new home sales, and fewer claims for jobless benefits reassured investors the world’s biggest economy will pick up pace. More >>
MARKET CLOSE: NZ shares snap 3-day slide; AIA up
Wednesday, 25 November 2009, 6:05 pm | Businesswire
Nov. 25 (BusinessWire) – New Zealand shares snapped a three-day slide after an Australian central bank official predicted years of strong economic growth in the biggest market for NZ goods. NZ Farming Systems Uruguay, Auckland International Airport ... More >>
Sanford posts 27% drop in annual profit
Wednesday, 25 November 2009, 5:25 pm | Businesswire
Nov. 25 (BusinessWire) – Sanford Ltd., the biggest fishing company on the NZX, posted a 27% decline in full-year profit, reflecting a year-earlier one-time gain from an asset sale and the impact of weakening sales. More >>
Financial advisers make investors better off: KPMG
Wednesday, 25 November 2009, 4:08 pm | Businesswire
Nov. 25 (BusinessWire) – Investors are a couple of thousand dollars better off every year if they use the services of a financial planner, according to a KPMG research report in Australia. More >>
National Property posts $9.1 mln loss, trims debt
Wednesday, 25 November 2009, 11:58 am | Businesswire
Nov. 25 (BusinessWire) – National Property Trust, the property investor part-owned by the St Laurence group, posted a $9.1 million first-half loss in difficult trading conditions that have forced it to reduce its gearing and pay down debt. More >>
NZ dollar holds above 72 US cts after Fed outlook
Wednesday, 25 November 2009, 9:59 am | Businesswire
NZ dollar holds above 72 US cts as Fed outlook improves, Wall St pares losses More >>
Stocks to watch: Allied Farmers, ING, NAP, NZO, SK
Wednesday, 25 November 2009, 9:49 am | Businesswire
Nov. 25 (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 >>
While you were sleeping: U.S. GDP estimate trimmed
Wednesday, 25 November 2009, 8:54 am | Businesswire
Nov. 25 (BusinessWire) – The U.S. economy grew less than initially estimated in the third quarter on more tepid consumer spending, underpinning concern the world’s biggest economy is managing only a gradual recovery. Stocks weakened and the dollar ... More >>
MARKET CLOSE: NZ shares slip a 3rd day; PGW falls
Tuesday, 24 November 2009, 7:08 pm | Businesswire
Nov. 25 (BusinessWire) – New Zealand shares fell, pushing the NZX 50 Index lower for a third day, as the kiwi dollar strengthened and milk processor Synlait abandoned its IPO, citing lack of response from investors. PGG Wrightson led the decline. More >>
Contact, TrustPower warned over bid-rigging
Tuesday, 24 November 2009, 4:37 pm | Businesswire
Nov 24. (BusinessWire) – Contact Energy Ltd., the biggest utility on the NZX 50, and rival TrustPower Ltd. received a formal warning from the Commerce Commission for alleged bid rigging in the 2002 purchase of the Cobb hydroelectric power station. More >>
Executive changes at MediaWorks don’t signal sale
Tuesday, 24 November 2009, 4:35 pm | Businesswire
Nov 24. (BusinessWire) - MediaWorks NZ Ltd.’s decision to phase out the position of chief executive and have the heads of its radio and television units answer direct to the board is not a signal that the company is being prepared for sale, says chairman ... More >>
