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Businesswire - Latest News [Page 179]

MARKET CLOSE: NZ shares gain; NZR, ALF, XRO rose

Thursday, 1 October 2009, 6:56 pm | Businesswire

Oct. 1 (BusinessWire) – New Zealand shares rose for a fourth straight session, with the NZX 50 Index reaching a new 12-month high amid optimism the economy is well placed for recovery in a week when business confidence jumped to a 10-year high. More >>

Auditors tag South Canterbury Finance accounts

Thursday, 1 October 2009, 1:35 pm | Businesswire

Oct 1 (BusinessWire) - Auditors for South Canterbury Finance Ltd. have tagged the troubled Timaru finance company's accounts, warning that if looming U.S. dollar debt and private debenture funding is not secured, the viability of the business is uncertain. More >>

Allied Farmers lures private equity backer

Thursday, 1 October 2009, 12:08 pm | Businesswire

Oct. 1 (BusinessWire) – Allied Farmers Ltd., the rural services and finance group, will bolster its balance sheet this month, having secured a large professional investor to pony up some $7 million of additional capital. More >>

NZ dollar piggybacks on Australian strength

Thursday, 1 October 2009, 10:10 am | Businesswire

Oct. 1 (BusinessWire) – The New Zealand dollar held above 72 U.S. cents, helped by a surge in Australia’s currency to near a 14-month high amid further signs that economy is picking up pace. More >>

Stocks to watch: Allied Farmers, FPA, Pyne Gould

Thursday, 1 October 2009, 9:11 am | Businesswire

Oct. 1 (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: Slow US recovery likely

Thursday, 1 October 2009, 8:55 am | Businesswire

Oct. 1 (BusinessWire) – A measure of business activity in Chicago, used as a national benchmark in the U.S., and data showing companies cut payrolls more-than-expected suggest the world’s biggest economy will manage only a slow recovery. More >>

MARKET CLOSE: NZX 50 ends quarter at 12-month high

Wednesday, 30 September 2009, 6:39 pm | Businesswire

Sept. 30 (BusinessWire) – New Zealand’s NZX 50 Index rose, ending the third quarter at a 12-month high, after business confidence surged, stoking speculation the domestic economy will extend its recovery from recession. Road transport firm Mainfreight ... More >>

F&P Appliances gains breathing space from banks

Wednesday, 30 September 2009, 5:36 pm | Businesswire

Sept. 30 (BusinessWire) – Fisher & Paykel Appliances Holdings Ltd., New Zealand’s only listed whiteware manufacturer, won agreement from its banks to modify the terms of its banking facilities after earnings missed targets. More >>

TVNZ restructures to turn small profit

Wednesday, 30 September 2009, 4:39 pm | Businesswire

Sept. 30(BusinessWire) – Televisions New Zealand Ltd., the state broadcaster, said its annual profit tumbled 89% and it only avoided dipping into the red by slashing spending and abandoning plans to attend next year’s Commonwealth Games. More >>

NZ business confidence surges to 10-year high

Wednesday, 30 September 2009, 4:13 pm | Businesswire

Sept. 30 (BusinessWire) – New Zealand business confidence surged to a 10-year high, underpinned by resurgent housing and construction markets as the economic recovery sets in. More >>

Pyne Gould aims to turn dud Marac loans into gold

Wednesday, 30 September 2009, 3:34 pm | Businesswire

Sept. 30(BusinessWire) - Pyne Gould Corp. aims to take the impaired property loans off its Marac unit books and transfer them to its fledgling Perpetual Asset Management arm where they’ll have a market value and be managed as an asset. The deal kills ... More >>