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Businesswire - Latest News [Page 159]
ANZ to flick off Custodian Services to JP Morgan
Friday, 20 November 2009, 2:54 pm | Businesswire
Nov. 20 (BusinessWire) – Australia New Zealand Banking Group, the parent bank of ANZ and National Banks, intends to sell its custodian services businesses in Australasia to investment bank JP Morgan. ANZ’s group managing director Shayne Elliott said ... More >>
Fonterra sells stake in UK joint venture
Friday, 20 November 2009, 2:48 pm | Businesswire
by Paul McBeth Nov. 20 (BusinessWire) – Fonterra Cooperative Group, the world’s largest exporter of dairy products, has sold its stake in a joint venture to market Anchor products to the U.K. Fonterra sold its 25% interest in AFF for an undisclosed ... More >>
Joyce gives Telecom more time for separation
Friday, 20 November 2009, 1:07 pm | Businesswire
by Paul McBeth Nov. 20 (BusinessWire) – Communications Minister Steven Joyce has granted Telecom Corp. nine months to cut down potential information-sharing among its units as part of the company’s government-enforced operational separation. ... More >>
Agria emerges as biggest Wrightson shareholder
Friday, 20 November 2009, 12:22 pm | Businesswire
Nov. 20 (BusinessWire) – Agria Corp. will become the biggest shareholder of PGG Wrightson after the unprofitable rural services group raises a total of $249.4 million selling shares and notes to slash its debt levels. More >>
Wrightson to raise $180M in discount rights issue
Friday, 20 November 2009, 10:47 am | Businesswire
Nov. 20 (BusinessWire) – PGG Wrightson, the rural services company aiming to shed debt to woo a new cornerstone investor, plans to raise $180.a million in a rights issue at a deep discount. More >>
NZ dollar sinks as global share markets tumble
Friday, 20 November 2009, 10:30 am | Businesswire
by Paul McBeth Nov. 20 (BusinessWire) – The New Zealand dollar sank as share markets around the world tumbled amid nervousness about the strength of the global recovery as investors eschewed higher-yielding, riskier assets. Stocks on Wall Street slid ... More >>
Stocks to watch: CAV, FPH, PPP, Wrightson
Friday, 20 November 2009, 10:07 am | Businesswire
Nov. 20 (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 >>
New SOE based on Kupe gasfield would boost NZ oil
Friday, 20 November 2009, 10:05 am | Businesswire
by Pattrick Smellie Nov 20 (BusinessWire) - A partially privatised, government-backed oil and gas exploration business emerges as a practical option for kick-starting a higher level of activity in the New Zealand oil and gas sector, says a report prepared ... More >>
PPG Wrightson shares go into trading halt
Friday, 20 November 2009, 9:19 am | Businesswire
Nov. 20 (BusinessWire) – Shares in PGG Wrightson Ltd., the country’s biggest rural services company, have been put on a trading halt pending an announcement later today. More >>
While you were sleeping: BoA downgrades chipmakers
Friday, 20 November 2009, 8:47 am | Businesswire
Nov. 20 (BusinessWire) – Stocks dropped on Wall Street and in Europe after Bank of America downgraded computer chipmakers and a rising U.S. dollar weighed on commodity prices. More >>
MARKET CLOSE: NZ shares gain; PPP, FPH advance
Thursday, 19 November 2009, 5:56 pm | Businesswire
Nov. 19 (BusinessWire) – New Zealand shares rose for the first day in three after Pan Pacific Petroleum said it may yet can exposure to a Vietnam exploration block and Fisher & Paykel Healthcare posted a record first-half profit and was upbeat ... More >>
ANZAC's "not bludgers", Smith tell farmers
Thursday, 19 November 2009, 2:26 pm | Businesswire
Nov 19 (BusinessWire) - Climate Change Minister Nick Smith evoked the spirit of the ANZACs when he spoke to Federated Farmers' national council meeting today on the vexed issue of the emissions trading scheme. More >>
DNZ Property Fund joins IPO rush seeking $140 mln
Thursday, 19 November 2009, 12:55 pm | Businesswire
Nov. 19 (BusinessWire) – DNZ Property Fund Ltd., which has a portfolio worth some $770 million, has joined the IPO rush and is looking to raise as much as $140 million in a bid to pay down bank debt, end its management contract and join the NZX50 index. ... More >>
NZ dollar eases after weak US housing data
Thursday, 19 November 2009, 10:55 am | Businesswire
Nov. 19 (BusinessWire) – The New Zealand dollar eased lower after weaker-than-expected U.S. housing data eroded investors’ appetite for higher-yielding, or riskier, assets and dragged down stocks on Wall Street. More >>
Rip-snorting half for F&P Healthcare
Thursday, 19 November 2009, 10:31 am | Businesswire
by Pattrick Smellie Nov 19 (BusinessWire) - Surging demand for Fisher & Paykel Healthcare Ltd's obstructive sleep apnea products delivered a record first half profit of $37.0 million, the company announced this morning. More >>
Mainfreight first-half profit plunges 37%
Thursday, 19 November 2009, 10:01 am | Businesswire
Nov. 19 (BusinessWire) – Mainfreight Ltd., the biggest trucking company on the NZX 50, posted a 37% slump in half-year profit as its U.S. operations continue to struggle. Trading improved in the second quarter, it said. More >>
Stocks to watch: F&P Healthcare, IFT, KMD, MFT
Thursday, 19 November 2009, 9:54 am | Businesswire
Nov. 19 (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: Wall St down on Autodesk
Thursday, 19 November 2009, 8:42 am | Businesswire
Nov. 19 (BusinessWire) – Shares on Wall Street weakened after figures showed housing starts unexpectedly fell and consumer prices rose. The Nasdaq Composite declined after Autodesk Inc., an engineering software company, said it faces “challenging” ... More >>
Resurgent markets spur return of the IPO
Thursday, 19 November 2009, 6:56 am | Businesswire
Nov. 18 (BusinessWire) – Surging investor confidence and reasonable share prices are letting private equity investors make some decent returns as a growing number of companies are put out to the public. More >>
MARKET CLOSE: NZX 50 slips as IPOs loom; KMD down
Wednesday, 18 November 2009, 7:12 pm | Businesswire
Nov. 18 (BusinessWire) – New Zealand shares fell for a second day, led by Sky Network Television and Fisher & Paykel Appliances, as investors prepare for an influx of share sales and a pick-up in corporate activity. Kathmandu Holdings slid back ... More >>
