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Businesswire - Latest News [Page 167]
While you were sleeping: Ford posts profit
Tuesday, 3 November 2009, 8:50 am | Businesswire
Nov. 3 (BusinessWire) – U.S. manufacturing grew faster than expected last month and pending home sales rose helping stoke optimism the U.S. economic recovery won’t falter as the government ponders the withdrawal of stimulus measures. More >>
Morrison & Co. taps Craigs for proposed fund
Tuesday, 3 November 2009, 8:37 am | Businesswire
Nov. 2 (BusinessWire) – H.R.L. Morrison & Co., the investment bank founded by Lloyd Morrison, has tapped Craigs Investment Partners to investigate setting up a retail fund to take advantage of upcoming public-private partnerships. More >>
MARKET CLOSE: NZ joins global slide; FBU, AIA drop
Monday, 2 November 2009, 6:18 pm | Businesswire
Nov. 2 (BusinessWire) – New Zealand shares fell, joining a global slide after unexpectedly weak consumer spending in the U.S. sapped demand for equities and drove down prices of commodities such as crude oil. Fletcher Building and Auckland International Airport ... More >>
NZ Dollar Outlook: Kiwi may fall on risk aversion
Monday, 2 November 2009, 1:20 pm | Businesswire
Nov. 2 (BusinessWire) – The New Zealand dollar may fall this week as investors get jittery about the speed and strength of the global recovery and flock back to so-called safe-haven currencies such as the U.S. dollar and yen. More >>
NZX says Clear Group purchase conditions met
Monday, 2 November 2009, 11:10 am | Businesswire
Nov. 2 (BusinessWire) – NZX Ltd., the stock exchange operator, said conditions for its acquisition of Australia’s Clear Group have been met, allowing it to expand its agricultural assets with the purchase of a grain exchange. More >>
Property for Industry posts nine-month loss
Monday, 2 November 2009, 11:01 am | Businesswire
Nov. 2 (BusinessWire) – Property for Industry, the investment group managed by AMP Capital Investors, reported a nine-month loss, reflecting a reduction in the value of its portfolio. More >>
Telecom cries foul over TSO changes
Monday, 2 November 2009, 10:28 am | Businesswire
Nov. 2 (BusinessWire) – Telecom Corp., the country’s largest listed telecommunications provider, is crying foul over the government’s proposed changes to the levy put in place to protect rural customers when the carrier was privatised in the 1990s, ... More >>
Kiwi Income may raise $150M via sale of notes
Monday, 2 November 2009, 10:20 am | Businesswire
Nov. 2 (BusinessWire) – Kiwi Income Property Trust plans to raise as much as $150 million by selling five-year convertible notes to repay existing debt and potentially acquisitions. More >>
Infratil offloads Luebeck Airport for $64M
Monday, 2 November 2009, 10:02 am | Businesswire
Nov. 2 (BusinessWire) – Infratil Ltd. exercised its put option over its 90% holding of Luebeck Airport for the equivalent of $64 million, exiting a four-year investment that failed to perform to target. More >>
NZ dollar drops amid concerns over global recovery
Monday, 2 November 2009, 9:48 am | Businesswire
Nov. 2 (BusinessWire) – The New Zealand dollar tumbled amid renewed concerns the global recovery may take longer than previously thought after stocks on Wall Street sank and U.S. data raised question marks about the strength of the world’s largest ... More >>
Stocks to watch: Infratil, NZX, PFI, Telecom
Monday, 2 November 2009, 9:45 am | Businesswire
Nov. 2 (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: Bank jitters hurt Wall St
Monday, 2 November 2009, 8:17 am | Businesswire
Nov. 2 (BusinessWire) – Lenders led Wall Street lower on Friday, amid concerns about the strength of Citigroup’s balance sheet and increased scrutiny of banks. More >>
MARKET CLOSE: NZ shares gain as US recession ends
Friday, 30 October 2009, 6:06 pm | Businesswire
Oct. 30 (BusinessWire) – New Zealand shares rose, led by Fisher & Paykel Appliances and New Zealand Refining, joining a global rally after figures showed the U.S. emerged from recession, bolstering demand for equities and commodities. More >>
TrustPower up for first half, planning bond issue
Friday, 30 October 2009, 5:32 pm | Businesswire
by Pattrick Smellie Oct 30 (BusinessWire) - TrustPower Ltd produced a moderate profit lift for the first six months of the current financial year, reporting an underlying earnings increase of 6% to $72.5 million for the six months to September 30. More >>
Sky City 1st-qtr revenue climbs 4.7%
Friday, 30 October 2009, 5:02 pm | Businesswire
Oct. 30 (BusinessWire) – Sky City Entertainment Group, New Zealand’s biggest casino company, said first-quarter revenue grew 4.7% on improved sales at its Auckland complex and in Australia, putting it on track for ‘double-digit’ earnings growth ... More >>
SMELLIE SNIFFS THE BREEZE: Inconvenient Treasury
Friday, 30 October 2009, 4:41 pm | Businesswire
Oct 30 (BusinessWire) - Treasury Secretary John Whitehead looked a bit coy this week when journalists asked him whether any of the bombshells dropped in his department's latest 40-year fiscal outlook could ever be managed politically. More >>
NZ Windfarms CFO resigns
Friday, 30 October 2009, 3:42 pm | Businesswire
Oct 30 (BusinessWire) - Troubled windfarm developer New Zealand Windfarms Ltd's chief financial officer Garry Forward has announced his resignation from January 29, to pursue independent consultancy, the company announced today. More >>
Briscoe 3rd-qtr sales rise 8.3%
Friday, 30 October 2009, 2:14 pm | Businesswire
Briscoe 3rd-qtr sales rise 8.3%, sees 2nd-half profit ‘well ahead’ of year earlier More >>
NZX turns to third-quarter loss on Markit shares
Friday, 30 October 2009, 1:46 pm | Businesswire
Oct. 30 (BusinessWire) – NZX Ltd., which operates New Zealand’s stock exchange, posted a third-quarter net loss, as the strengthening kiwi dollar reduced the value of the Markit shares it got in the sale of its TZ1 registry business. The adjustment ... More >>
NZ home building permits climb for third month
Friday, 30 October 2009, 1:43 pm | Businesswire
Oct. 30 (BusinessWire) – New residential building consents climbed for a third straight month as a resurgent housing market stoked construction activity amid strong demand for property. More >>
