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Businesswire - Latest News [Page 175]
Stocks to watch: Michael Hill, Horizon Energy, PPP
Wednesday, 14 October 2009, 9:45 am | Businesswire
Oct. 14 (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: Wall St falls, gold up
Wednesday, 14 October 2009, 9:05 am | Businesswire
Oct. 14 (BusinessWire) – U.S. stocks fell after Johnson & Johnson posted quarterly sales that missed estimates and high-profile analyst Meredith Whitney cut her rating on Goldman Sachs Group to ‘neutral.’ More >>
MARKET CLOSE: NZ shares fall; PPP, NZOG decline
Tuesday, 13 October 2009, 6:32 pm | Businesswire
Oct. 13 (BusinessWire) – New Zealand shares fell, led by closely related oil companies Pan Pacific Petroleum and NZ Oil & Gas, after the former said another party in Vietnam at exercised pre-emptive rights over blocks it was hoping to invest in. More >>
Marlborough Lines hits back at Horizon
Tuesday, 13 October 2009, 6:20 pm | Businesswire
Oct 13 (BusinessWire) - Network company Horizon Ltd's directors are rejecting a takeover offer from Marlborough Lines Ltd with inflated projections of future earnings, Marlborough Lines chief executive Ken Forrest said in a statement this evening. More >>
Horizon Energy shareholders told to reject offer
Tuesday, 13 October 2009, 1:10 pm | Businesswire
Oct. 13 (BusinessWire) – Horizon Energy Distribution Ltd. shareholders have been advised to reject a 51% partial takeover by Marlborough Lines Ltd. More >>
BBI recapitalisation plan gets cautious nod
Tuesday, 13 October 2009, 11:49 am | Businesswire
Oct. 13 (BusinessWire) –Babcock & Brown Infrastructure, the troubled Australian investment company, has received a cautious approval for its recapitalisation proposal from independent financial advisers Grant Samuel & Associates. More >>
NZ dollar gains on retail sales, U.S. profits eyed
Tuesday, 13 October 2009, 11:28 am | Businesswire
Oct. 13 (BusinessWire) – The New Zealand dollar gained, with trading reduced by holidays in the U.S. and Japan, after figures showed retail sales climbed more than expected and optimism grew that U.S. corporate earnings will beat estimates. More >>
Strong August retail sales - kiwi dollar jumps
Tuesday, 13 October 2009, 11:17 am | Businesswire
Oct 13 (BusinessWire) - The kiwi dollar has jumped on news that retail sales for the month of August are double forecasters' expectations. More >>
Powerco holding value, but regulatory risk is high
Tuesday, 13 October 2009, 10:25 am | Businesswire
Oct 13 (BusinessWire) - New Plymouth-based gas and electricity network owner Powerco is holding its value at $1.9 billion to $2 billion, according to the Grant Samuel report on the Babcock and Brown Infrastructure bailout package. More >>
Stocks to watch: AIA, Infratil, PGGW
Tuesday, 13 October 2009, 9:40 am | Businesswire
Oct. 13 (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: Oil jumps, Philips earns
Tuesday, 13 October 2009, 9:05 am | Businesswire
Oct. 13 (BusinessWire) – Crude oil jumped almost 2%, helped by optimism about global economic growth and speculation colder weather across the U.S. will lift demand for fuel. More >>
Auckland Airport plans to sell $125M of bonds
Monday, 12 October 2009, 6:58 pm | Businesswire
Oct. 12 (BusinessWire) - Auckland International Airport Ltd., the nation’s busiest gateway, plans to raise $125 million selling five-year bonds to retail investors. More >>
MARKET CLOSE: NZ shares edge higher; SKL gains
Monday, 12 October 2009, 6:44 pm | Businesswire
Oct. 12 (BusinessWire) – New Zealand shares edged higher in light trading, lagging gains on Wall Street as the resilient kiwi dollar weighed on stocks with overseas revenue. Skellerup Group led gainers and Fisher & Paykel Appliances was the biggest ... More >>
Michael Hill says margins shrink in Australia
Monday, 12 October 2009, 3:00 pm | Businesswire
Oct. 12 (BusinessWire) – Michael Hill International said margins contracted in Australia, the jeweller’s biggest market, amid discounting to maintain sales growth. More >>
NZ Dollar Outlook: Kiwi to struggle to push higher
Monday, 12 October 2009, 2:08 pm | Businesswire
Oct. 12 (BusinessWire) – The New Zealand dollar may struggle to push higher from a 14-month high this week as speculation grows for more aggressive rate hikes in Australia and after Federal Reserve chairman Ben Bernanke said U.S. monetary conditions ... More >>
Thumbs-Up for Long Gully Windfarm
Monday, 12 October 2009, 12:11 pm | Businesswire
12 Oct (BusinessWire) Christchurch-based Windflow Technology Ltd is a step closer to securing a second buyer for its pioneering two-bladed turbines with approval of a resource consent for the Long Gully windfarm proposal behind Wellington. More >>
Lower supply, strong demand push property values
Monday, 12 October 2009, 11:23 am | Businesswire
Oct. 12 (BusinessWire) – Average nationwide property values edged upwards in September, compared to the previous month, according to the QV residential property indices. More >>
NZ dollar weakens against Australian counterpart
Monday, 12 October 2009, 10:19 am | Businesswire
Oct. 12 (BusinessWire) – The New Zealand dollar weakened against its Australian counterpart on speculation the Reserve Bank of Australia has embarked on a series of interest rate increases that will lift demand for its currency relative to the ... More >>
Stocks to watch: CEN, Pyne Gould, Scott Technology
Monday, 12 October 2009, 10:03 am | Businesswire
Oct. 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: US data to drive the week
Monday, 12 October 2009, 9:55 am | Businesswire
Oct 12 (BusinessWire) - US stocks ended strongly last week with the Dow Jones Industrial Average Index above its previous 12 month high, following strong gains in metal stocks Alcoa, Newmont Mining, and Freeport-McMoRan as the third quarter earnings season ... More >>
