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Businesswire - Latest News [Page 173]
SMELLIE SNIFFS THE BREEZE: Notice of Meeting
Friday, 16 October 2009, 9:04 pm | Businesswire
Oct 16 (Businesswire) - Your trusty Wellington correspondent turned up to the Solid Energy “annual general meeting” in the Ilott Theatre at the Wellington Town Hall this week, keen to sample an SOE’s version of a listed company AGM. More >>
MARKET CLOSE: NZX 50 gains; Wrightson up on Agria
Friday, 16 October 2009, 6:30 pm | Businesswire
Oct. 16(BusinessWire) – New Zealand shares rose to a 12-month high as China’s Agria said it would become a shareholder of PGG Wrightson and Restaurant Brands posted a surge in profit by avoiding the previous year’s charges and lifting KFC sales. More >>
Air NZ Slashes business fares
Friday, 16 October 2009, 6:29 pm | Businesswire
Oct 16 (BusinessWire) - Business travelers will be able to change flights without cost on the same day under a new, lower airfares announced by Air New Zealand today. More >>
Silver Fern Farms sells stake in PGW
Friday, 16 October 2009, 5:15 pm | Businesswire
Silver Fern Farms sells stake in PGW on market. Range: 73 cts to 79 cts More >>
GPG sweetens offer for MMC Contrarian
Friday, 16 October 2009, 3:36 pm | Businesswire
Oct. 16 (BusinessWire) – Guinness Peat Group, the investment group chaired by Ron Brierley, raised its offer for the 71% of Australian financial services group MMC Contrarian it doesn’t already own and said the new price is final. More >>
KiwiSaver rally strongest in riskier assets
Friday, 16 October 2009, 2:51 pm | Businesswire
Oct. 16 (BusinessWire) – KiwiSaver investors with strong stomachs and funds in high growth, higher risk assets did best as the global market recovery over the past six months, according to a Morningstar Australasia survey. More >>
NZ manufacturing expands
Friday, 16 October 2009, 1:34 pm | Businesswire
Oct. 16 (BusinessWire) – New Zealand manufacturing activity has posted its first overall expansion in 19 months, matching global recovery indications. More >>
Kiwi confidence leap strongest across Asia
Friday, 16 October 2009, 12:10 pm | Businesswire
Oct. 16 (BusinessWire) – The mood of New Zealand’s high net worth investors has taken a major leap according to ING’s Asia-Pacific dashboard survey. More >>
Kiwi investor confidence jumps: ING Dashboard
Friday, 16 October 2009, 11:58 am | Businesswire
Oct. 16 (BusinessWire) – The mood of New Zealand’s high net worth investors has taken a major leap according to ING’s Asia-Pacific dashboard survey. More >>
Restaurant Brands first-half net soars
Friday, 16 October 2009, 11:55 am | Businesswire
Oct. 16 (BusinessWire) Restaurant Brands New Zealand Ltd., which holds the franchise for KFC, Pizza Hut and Starbucks, posted a 240% increase in first-half profit on rising sales of chicken and the impact of impairment charges a year earlier. More >>
TrustPower fined for misleading customers
Friday, 16 October 2009, 11:37 am | Businesswire
Oct 16 (BusinessWire) - Listed electricity retailer TrustPower Ltd has been fined $17,000 for failing to give adequate information about low user tariff options in letters purporting to advise customers about their best choice of tariff. More >>
NZ dollar falls on debate over Bollard's next move
Friday, 16 October 2009, 11:35 am | Businesswire
Oct. 16 (BusinessWire) – The New Zealand dollar weakened, after failing to break through 75 U.S. cents overnight, as investors ponder the prospects for the currency if Reserve Bank Governor Alan Bollard lags other central bankers in raising interest ... More >>
Rural Portfolio Capital says no money for dividend
Friday, 16 October 2009, 10:54 am | Businesswire
Oct. 16 (BusinessWire) – Rural Portfolio Capital Ltd., having paid dividends to preference shareholders yesterday, doesn’t have enough funds for its next dividend in April 2010. More >>
Agria to take 13% stake, cooperate with Wrightson
Friday, 16 October 2009, 10:44 am | Businesswire
Oct. 16 (BusinessWire) - Agria, the China-based seed and agricultural research company, will take a 13% stake in PGG Wrightson under a cooperation agreement that’s dependent on Wrightson raising enough capital to repay $200 million of debt due in March. More >>
Stocks to watch: Fletcher Building, PGG Wrightson
Friday, 16 October 2009, 9:34 am | Businesswire
Oct. 16 (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. Themes of the day: Goldman Sachs Group posted ... More >>
ETS select committee to sit again next Tuesday
Friday, 16 October 2009, 9:14 am | Businesswire
Oct 16 (BusinessWire) The finance and expenditure select committee will resume hearings on the Climate Change Response (Moderated Emissions Trading) Bill next Tuesday and appears likely to sit long hours on Wednesday as well. More >>
While you were sleeping: Goldman, Citigroup profit
Friday, 16 October 2009, 8:35 am | Businesswire
Oct 16. (BusinessWire) – Goldman Sachs Group posted third-quarter earnings that more than tripled and Citigroup Inc. surprised investors by reporting a profit, adding to signs that lenders have shaken off the effects of recession. More >>
Rakon taps institutions for $21.7 Mln
Thursday, 15 October 2009, 9:29 pm | Businesswire
Oct. 15 (BusinessWire) - Rakon Ltd. has made a second institutional placement to fund business expansion in a month, issuing 18,825,025 shares at $1.15 each to raise $21.7 million. The crystal and quartz GPS and cellphone componentry maker announced ... More >>
Wrightson South American management fee trimmed
Thursday, 15 October 2009, 8:23 pm | Businesswire
Oct. 15 (BusinessWire) – PGG Wrightson Ltd has lost some of its ability to clip the farm management ticket at NZ Farming Systems Uruguay Ltd following pressure from institutional investors and Uruguayan bond-holders. Wrightson manages NZS’s 18 ... More >>
South Canterbury to repay US investors over 5 mths
Thursday, 15 October 2009, 7:03 pm | Businesswire
Oct. 15 (BusinessWire) – South Canterbury Finance has negotiated to repay the five noteholders in its US$100 million U.S. Private Placement facility over the next 5 ½ months and is in talks with another party to arrange a new $75 million credit ... More >>
