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Businesswire - Latest News [Page 162]

MARKET CLOSE: NZ shares gain, led by Cavalier

Thursday, 12 November 2009, 6:20 pm | Businesswire

Nov. 12 (BusinessWire) – New Zealand shares rose for the fourth day in five, led by Cavalier Corp. after the carpet and wool scouring company said it is trading ahead of budget so far this year and earnings would be in the middle of its forecast range. More >>

Telecom loyalty offer slowed down broadband spend

Thursday, 12 November 2009, 3:09 pm | Businesswire

Nov. 12 (BusinessWire) – The wholesale loyalty offer that’s landed Telecom Corp. in trouble with the Commerce Commission has been blamed for a slowdown in unbundling the local loop in the first half of this year. More >>

Comvita defies recession with strong first-half

Thursday, 12 November 2009, 2:03 pm | Businesswire

Nov. 12 (BusinessWire) - Comvita Ltd., the healthcare products manufacturer, continued to see strong growth in its home and all export markets, bar the U.K., to produce a $1.6 million net profit for the six months to September 30. More >>

NZ consumers stay subdued before the Xmas stretch

Thursday, 12 November 2009, 12:23 pm | Businesswire

Nov. 12 (BusinessWire) – New Zealand’s consumers are still subdued going into the annual Christmas spending splurge, according to government data. More >>

Kathmandu shares price at bottom of the range

Thursday, 12 November 2009, 11:07 am | Businesswire

Nov. 12 (BusinessWire) Kathmandu Holdings Ltd., the outdoor equipment chain sold by founder Jan Cameron in 2006, will join the ASX and NZX at a price of A$1.70 a share, or $2.13 in New Zealand – the bottom end of the $A1.65-A$1.90 range in the ... More >>

Rakon posts first-half loss on forex impact

Thursday, 12 November 2009, 10:26 am | Businesswire

Nov 12 (BusinessWire) - Rakon Ltd's first-half was "an extremely tough period" as expected, with the New Zealand-based manufacturer of crystal oscillators used in navigation systems and mobile phones reporting a slightly better trading performance ... More >>

NZ dollar may fall on lukewarm retail data

Thursday, 12 November 2009, 10:06 am | Businesswire

Nov. 12 (BusinessWire) – The New Zealand dollar may fall today if third-quarter retail sales are little changed as predicted and Australian data shows unemployment rose in the so-called “lucky country” last month. More >>

Stocks to watch: Fletcher, Marlin Global, Rakon

Thursday, 12 November 2009, 9:59 am | Businesswire

Nov. 12 (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: Chinese output climbs

Thursday, 12 November 2009, 9:08 am | Businesswire

Nov. 12 (BusinessWire) – Stocks on Wall Street edged higher after figures showed China’s industrial production surged and Japanese machinery orders climbed, while speculation grew that the Federal Reserve will keep borrowing costs low. More >>

MARKET CLOSE: NZ shares slip on Fletcher outlook

Wednesday, 11 November 2009, 5:57 pm | Businesswire

Nov. 11 (BusinessWire) – New Zealand shares fell, ending three days of gains, after Fletcher Building said earnings may be at the low end of forecasts and there’s no sign yet of recovery in its markets. Steel & Tube Holdings paced the decline. More >>

Bank margins have shrunk, say two new studies

Wednesday, 11 November 2009, 3:42 pm | Businesswire

Nov. 11 (BusinessWire) - Trading bank margins are stable or falling, with fierce competition for term desposits, reduced margins on mortgage lending and the impact of bad debts on overall performance, according to studies from the Reserve Bank of ... More >>

The W-shaped recovery gets new kinks

Wednesday, 11 November 2009, 3:15 pm | Businesswire

by Pattrick Smellie Nov 11 (BusinessWire) - You've heard of the "W-shaped" economic recovery, where the bounceback from the depths of recession is followed by another downwards dip before growth takes off again. More >>

RBNZ looks to new economic stabilisers to help OCR

Wednesday, 11 November 2009, 2:53 pm | Businesswire

by Pattrick Smellie Nov 11 (BusinessWire) - New Reserve Bank of New Zealand rules will force more prudent lending practice from trading banks over the course of economic cycles and take some of the weight off the Official Cash Rate as the sole tool for ... More >>

Budget tourists underpin gains in accommodation

Wednesday, 11 November 2009, 1:01 pm | Businesswire

Nov. 11 (BusinessWire) – Rising tourist numbers underpinned gains in New Zealand accommodation last month as the number of guest nights increased for all operators. More >>

Opposition inquiry claims banks propped up margins

Wednesday, 11 November 2009, 11:58 am | Businesswire

Nov. 11 (BusinessWire) – The Labour, Progressive and Green parties claim banks propped up their profit margins by not passing on cuts to the official cash rate earlier this year and raised questions about the effectiveness of monetary policy. More >>

Fletcher profit may be at low end of forecasts

Wednesday, 11 November 2009, 11:49 am | Businesswire

Fletcher FY profit to be at low end of forecasts unless volumes lift, Deane says More >>

UPDATED - Dollar unsustainably high, says Bollard

Wednesday, 11 November 2009, 10:04 am | Businesswire

by Pattrick Smellie Nov 11 (BusinessWire) - New Zealand's dollar is "unlikely to be sustainable" at current high levels while the return to looser lending conditions for home-buyers risk return to a debt-fuelled housing cycle, Reserve Bank ... More >>