Businesswire - Latest News [Page 165]
Telecom in court over alleged loyalty offer breach
Friday, 6 November 2009, 10:28 am | Businesswire
Nov. 6 (BusinessWire) - Telecom will face the Commerce Commission in the High Court over its alleged breach of its operational separation undertakings in a wholesale loyalty offer, the Commerce Commission announced this morning. More >>
Telecom lifts FY guidance as 1st-qtr profit gains
Friday, 6 November 2009, 10:22 am | Businesswire
Telecom boosts FY guidance as 1st-qtr profit gains 9% on tweaks to tax rules More >>
Xero posts first-half loss on expansion costs
Friday, 6 November 2009, 10:15 am | Businesswire
Nov. 6 (BusinessWire) – Xero Ltd., the online accounting software provider whose shareholders include MYOB founder Craig Winkler and cashed-up TradeMe founder Sam Morgan, posted a first-half loss on costs to upgrade and expand its systems and bolster ... More >>
While you were sleeping: Cisco Q1 beats estimates
Friday, 6 November 2009, 8:35 am | Businesswire
Nov. 6 (BusinessWire) – Shares on Wall Street rallied after Cisco Systems posted earnings that beat estimates and jobless claims fell, stoking optimism the world’s biggest economy is recovering. More >>
MARKET CLOSE: NZ shares fall; property trusts drop
Thursday, 5 November 2009, 5:50 pm | Businesswire
Nov. 5 (BusinessWire) – New Zealand shares fell, led by property investors AMP NZ Office Trust and Kiwi Income Property Trust after Goodman Property Trust posted weaker earnings and investors pondered capital raisings in the sector. More >>
Lagged recession effect hits cashflow now
Thursday, 5 November 2009, 3:49 pm | Businesswire
Lagged recession effect hitting business cashflows now Nov 5 (BusinessWire) - The lagged impact of slower and defaulting payments between businesses is showing up now, just as the recession is ending, says credit reference agency Veda Advantage. More >>
Goodman Property weathers the storm
Thursday, 5 November 2009, 1:49 pm | Businesswire
by Paul McBeth Nov. 5 (BusinessWire) – Goodman Property Trust (GMT), the property investor, posted a smaller half-year distributable profit as it paid down debt and lost some tenants. Standard & Poor’s reaffirmed the company’s BBB investment ... More >>
Kiwi strength v Aust dollar may confuse: Bollard
Thursday, 5 November 2009, 1:46 pm | Businesswire
Nov. 5 (BusinessWire) – The New Zealand dollar’s relatively stable performance against its Australian counterpart may indicate misplaced confidence that the local economy will keep up with the cranking pace across the Tasman, according to Reserve ... More >>
NZ’s unemployment rate highest since 2000
Thursday, 5 November 2009, 11:41 am | Businesswire
Nov. 5 (BusinessWire) – New Zealand’s unemployment rate climbed to its highest level since the so-called “winter of discontent” in 2000 as firms continue to struggle with the fall-out of the global financial crisis which has pushed up joblessness ... More >>
OceanaGold names Nyrstar’s Bibby as CEO
Thursday, 5 November 2009, 11:23 am | Businesswire
Nov. 5 (BusinessWire) – OceanaGold Corp., which operates goldmines at Macraes and Reeton, named Nyrstar’s Paul Bibby as chief executive, gaining a metallurgist whose experience includes 23 years at Rio Tinto. More >>
ANZ National names Nick Freeman as CFO
Thursday, 5 November 2009, 11:01 am | Businesswire
Nov. 5 (BusinessWire) – ANZ National, New Zealand’s biggest banking group, named Nick Freeman as chief financial officer and announced the creation of a new role of chief credit officer. More >>
Financial advisers slow to reform, Chetwin says
Thursday, 5 November 2009, 10:57 am | Businesswire
Nov. 4 (BusinessWire) – Far-ranging reforms in the financial adviser industry are too little, too late, according to Consumer NZ chief executive Sue Chetwin in the wake of a damning investigation into the state of the industry. More >>
Stocks to watch: Air NZ, Comvita, NEW, RAK, WBC
Thursday, 5 November 2009, 9:44 am | Businesswire
Nov. 5 (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 gains as Fed to keep rates low
Thursday, 5 November 2009, 9:29 am | Businesswire
Nov. 4 (BusinessWire) – The New Zealand dollar pushed higher after the Federal Reserve said it expects to keep interest rates at “exceptionally low levels” for an extended period of time. Traders are awaiting New Zealand labour data today ... More >>
While you were sleeping: Fed to keep rates low
Thursday, 5 November 2009, 9:23 am | Businesswire
While you were sleeping: Fed to keep rates low for longer; stocks rise, dollar falls More >>
MARKET CLOSE: NZ shares mixed; AIA gains, FPA down
Wednesday, 4 November 2009, 6:10 pm | Businesswire
Nov. 4 (BusinessWire) – New Zealand shares ended the session mixed, with the NZX 50 Index edging higher, while more stocks fell. Auckland International Airport, which has an average ‘outperform’ rating with analysts, led gainers. More >>
Conservation land mining consultation announced
Wednesday, 4 November 2009, 4:12 pm | Businesswire
Nov 4 (BusinessWire) - Public consultations on proposals to review protected areas of conservation land will occur over six weeks early next year, the Ministers of Energy and Resources, and Conservation, Gerry Brownlee and Tim Groser, announced ... More >>
Rakon poised to take advantage of GPS smart phones
Wednesday, 4 November 2009, 4:00 pm | Businesswire
by Paul McBeth Nov. 4 (BusinessWire) – Rakon Ltd., the manufacturer of crystal oscillators used in navigation devices is well-primed for the future as global positioning systems become more common in mobile phones, according to Goldman Sachs JB Were's ... More >>
Westpac FY profit drops 10.7% as provisions rise
Wednesday, 4 November 2009, 1:59 pm | Businesswire
Nov. 3 (BusinessWire) – Westpac Banking Corp., Australia’s second-largest lender, posted a 10.7% decline in full-year profit, reflecting a jump in impairment charges and a provision for the impact of a tax ruling in New Zealand. More >>
ACC, Super Fund recoveries help NZ govt finances
Wednesday, 4 November 2009, 11:52 am | Businesswire
Nov 4 (BusinessWire) - Recoveries in the investment performance of the ACC and New Zealand Superannuation Fund portfolios helped offset a dramatic fall in corporate and personal tax in the three months to September 30, according to Treasury financial ... More >>
