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Businesswire - Latest News [Page 171]
No guidance from Contact after shocker year
Thursday, 22 October 2009, 10:36 am | Businesswire
Future too uncertain for earnings guidance from Contact Energy Oct 22 (BusinessWire) - Contact Energy is giving shareholders no guidance about earnings in the year ahead, with chairman Grant King warning that dividends will only be retained at current ... More >>
Pyne Gould shares in trading halt for bookbuilding
Thursday, 22 October 2009, 10:10 am | Businesswire
Oct. 22 (BusinessWire) – Shares in financial services company Pyne Gould Corp. have been put in a trading halt as the company prepares its bookbuilding process for a share placement to raise $15 million to $30 million. More >>
Stocks to watch: Allied Farmers, Contact, Cue, PGW
Thursday, 22 October 2009, 10:03 am | Businesswire
Oct. 22 (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 >>
Kiwi off highs as Wall St turns on earnings
Thursday, 22 October 2009, 9:48 am | Businesswire
NZ dollar slips below 76 US cents as Wall Street stocks turn on earnings Oct. 22 (BusinessWire) – The New Zealand dollar slipped below 76 U.S. cents after a late turn on Wall Street eroded investors’ appetite for higher yielding, riskier assets ... More >>
While you were sleeping: Dollar slips against Euro
Thursday, 22 October 2009, 9:17 am | Businesswire
While you were sleeping: Dollar slips beyond US$1.50 per Euro Oct. 22 (BusinessWire) – The U.S. dollar sank beyond US$1.50 per euro for the first time in 14 months amid optimism the global economy is picking up pace and speculation the Federal Reserve ... More >>
Agria's legal problems passed due diligence: PGW
Thursday, 22 October 2009, 8:53 am | Businesswire
Legal problems facing PGG Wrightson's new cornerstone shareholder, Agria, had been inspected under due diligence, which found "no issues of significant concern," said chairman Keith Smith. More >>
Bollard talks down impact of rate hikes on kiwi
Wednesday, 21 October 2009, 7:01 pm | Businesswire
Oct. 21 (BusinessWire) – Central bank Governor Alan Bollard damped down the likely impact of a rate hike on the kiwi dollar, telling parliamentarians the markets are already ahead of monetary policy. More >>
MARKET CLOSE: NZX 50 joins global slide; PGW falls
Wednesday, 21 October 2009, 6:52 pm | Businesswire
Oct. 21 (BusinessWire) – New Zealand shares fell from a 13-month high, joining a global tumble after U.S. housing data raised doubts about the potential pace of economic recovery. More >>
Pyne Gould completes $237M rights offer
Wednesday, 21 October 2009, 6:00 pm | Businesswire
Oct. 21 (BusinessWire) - Pyne Gould Corp. completed its offer of rights, raising NZ$237 million to strengthen its balance sheet with the help of underwriters led by First NZ Capital Securities. More >>
NZ net migration rises to 5-year high
Wednesday, 21 October 2009, 1:56 pm | Businesswire
Oct. 21 (BusinessWire) – New Zealand’s annual net migration posted the fastest growth since 2004, reflecting a decline in kiwis heading overseas, especially to Australia and underpinning confidence the domestic economy will recover from its ... More >>
Don't Do It, Chapman Tripp tells MED
Wednesday, 21 October 2009, 12:42 pm | Businesswire
21 Oct (BusinessWire) - Proposals to make large private companies file financial statements as if they were publicly traded should be killed off immediately, says law firm Chapman Tripp. More >>
Commercial confidentiality no shield under IFRS
Wednesday, 21 October 2009, 11:17 am | Businesswire
Commercial confidentiality no shield under IFRS: Diplock : New Zealand companies' compliance with new international accounting rules is "very patchy" as boards struggle with a "cultural" aversion to disclosure, says the chair ... More >>
Roche to be named NZ Post CEO, Trans Tasman says
Wednesday, 21 October 2009, 11:05 am | Businesswire
Oct. 21 (BusinessWire) - Brian Roche, a senior partner at PriceWaterhouseCoopers, is to be named chief executive of New Zealand Post this week, the Trans Tasman Political Newsletter reported. More >>
Government puts out invite to broadband partners
Wednesday, 21 October 2009, 10:15 am | Businesswire
Oct. 21 (BusinessWire) – The government has released its invitation to participate for partners in the roll-out of the $1.5 billion national broadband initiative and has reiterated its requirement that Telecom Corp. will have to divest the majority ... More >>
Spotless extends offer for Taylors a second time
Wednesday, 21 October 2009, 9:52 am | Businesswire
Oct. 21 (BusinessWire) - Spotless Group extended its offer for the remaining shares in Taylors Group Ltd. by one week, the second time it has pushed back the closing date, reflecting a slow uptake from minority holders in the laundry business. More >>
NZ dollar falls below 75 cts on US housing starts
Wednesday, 21 October 2009, 9:37 am | Businesswire
Oct. 21 (BusinessWire) – The New Zealand dollar slid below 75 U.S. cents as stocks on Wall Street retreated on weaker than expected housing data, which encouraged investors to return to the relative safety of the greenback. More >>
Rakon’s Share Purchase Plan to raise $21.1M
Wednesday, 21 October 2009, 9:30 am | Businesswire
Oct. 21 (BusinessWire) – Rakon Ltd., the maker of crystal oscillators used in navigation systems and mobile phones, said shareholders applied for $21.1 million of stocks under its Share Purchase Plan, bringing its total capital raising to about $86 million. More >>
Stocks to watch: Cue, IRG, Goodman Property, RAK
Wednesday, 21 October 2009, 9:19 am | Businesswire
Oct. 21 (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: US housing disappoints
Wednesday, 21 October 2009, 8:27 am | Businesswire
Oct. 21 (BusinessWire) – U.S. housing starts rose less than expected and producer prices fell in September, suggesting the world’s biggest economy is managing only a sluggish recovery. Shares on Wall Street declined. More >>
MARKET CLOSE: NZX 50 rises to 13-mth high; STU up
Tuesday, 20 October 2009, 6:22 pm | Businesswire
Oct. 20 (BusinessWire) – New Zealand shares rose, pushing the NZX 50 Index to a 13-month high, joining a global rally on optimism the world economy is reviving from its slump, buoying demand for equities and commodities. Steel & Tube led the ... More >>
