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Businesswire - Latest News [Page 181]

FPA profit warning highlights bumpy recovery

Friday, 25 September 2009, 1:16 pm | Businesswire

Sept. 25 (BusinessWire) – Fisher & Paykel Appliances shares sank further below the price cornerstone investor Haier Group paid for most of its stake after the manufacturer said earnings would miss forecasts, forcing it to seek a waiver from lenders. More >>

Balance of trade's wild ride continues

Friday, 25 September 2009, 12:34 pm | Businesswire

Sept. 25 (BusinessWire) - Exports and imports continued their wild swing of the last year in August, reflecting a complex mixture of the global recession, plummeting oil prices and lower local oil production, as well as the collapse in dairy commodity ... More >>

Telecom reselling may be freed from regulation

Friday, 25 September 2009, 11:44 am | Businesswire

Sept. 25 (BusinessWire) – Telecom Corp., the country’s largest listed phone company, convinced the Commerce Commission that regulation of its resale services was outdated, raising the prospect that the level of oversight will be reduced. More >>

Postie Plus ekes out return to profit, cuts costs

Friday, 25 September 2009, 11:35 am | Businesswire

Sept. 25 (BusinessWire) - Postie Plus Group, the clothing and babyware chain part-owned by Kathmandu founder Jan Cameron, eked out a small profit after shedding unprofitable assets and gaining market share. More >>

Fertiliser plant proposal just the beginning

Friday, 25 September 2009, 10:58 am | Businesswire

Sept 25 (BusinessWire) - Solid Energy's plan for a joint venture using South Island lignite coal to make urea-based fertiliser with the Ravensdown cooperative is an opening salvo in a much bigger plan to bring large-scale coal gasification technology ... More >>

NZ dollar falls after weaker US home sales

Friday, 25 September 2009, 9:49 am | Businesswire

Sept. 25 (BusinessWire) – The New Zealand dollar fell as weaker-than-expected home sales in the U.S. spurred concern recovery in the world’s largest economy may not as stable as previously thought. More >>

FPA profit to miss forecast, in bank talks

Friday, 25 September 2009, 9:43 am | Businesswire

Sept. 25 (BusinessWire) Fisher & Paykel Appliances, which was forced to sell shares at a deep discount and bring in China’s Haier Group as a cornerstone investor this year, said earnings profit will miss its prospectus forecast and be outside ... More >>

Stocks to watch: F&P Appliances, NZR, PRC, TEL

Friday, 25 September 2009, 8:59 am | Businesswire

Sept. 24 (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 dips on home data

Friday, 25 September 2009, 8:38 am | Businesswire

Sept. 25 (BusinessWire) – Stocks on Wall Street dipped after figures showed sales of existing homes unexpectedly fell and investors pondered the implications if the Federal Reserve exits its extraordinary stimulus measures. More >>

MARKET CLOSE: NZ shares slip; MHI, MVN, PGC fall

Thursday, 24 September 2009, 6:37 pm | Businesswire

Sept. 24 (BusinessWire) – New Zealand shares fell for the third day in four amid speculation the six-month rally in the NZX 50 Index means prices already reflect the emerging signs of economic recovery. More >>

Gibbs takes Zespri attack direct to growers

Thursday, 24 September 2009, 3:29 pm | Businesswire

By Peter Kerr Sept. 24 (BusinessWire) – Turners & Growers, the listed horticultural exporter and owner of the ENZA apple brand, has made a direct appeal to kiwifruit growers to support its drive to crack open Zespri’s monopoly on some $1 billion ... More >>

Tranz Rail insider trading fees head to Govt

Thursday, 24 September 2009, 2:05 pm | Businesswire

By Paul McBeth Sept. 24 (BusinessWire) –The residue from the 2007 Tranz Rail insider trading settlement, which had been earmarked for the Securities Commission’s litigation fund, was instead diverted into the government’s coffers after policy makers leaned ... More >>

Play nicely, reviewers tell NZ regulator, NZX

Thursday, 24 September 2009, 12:03 pm | Businesswire

Sept 24 (BusinessWire) - Relations at a senior level between the Securities Commission and its equity markets co-regulator, NZX Ltd, have "not been particularly harmonious" and further efforts are required to create constructive working relationships, says ... More >>

Securities Commission needs staff, money and IT

Thursday, 24 September 2009, 12:01 pm | Businesswire

Sept 24 (BusinessWire) - The Securities Commission needs a substantial funding boost, more staff, and has IT capabilities "well short of what market participants presume it has", say two deep reviews of the securities regulator by KPMG and ... More >>

NZ consumer confidence jumps to 4-year high

Thursday, 24 September 2009, 11:58 am | Businesswire

Sept. 24 (BusinessWire) – New Zealand consumer confidence surged to a four-year high as rising house prices and a labour market that’s been more resilient than feared help stoke optimism for better times head. More >>

Diplock's travel has helped NZ, review says

Thursday, 24 September 2009, 11:21 am | Businesswire

Sept 24 (BusinessWire) - Securities Commission chair Jane Diplock's controversial international travel has helped restore the reputation of New Zealand's securities market to international investors and is appropriate as part her "unprecedented" ... More >>

NZ dollar stumbles as Fed to stop printing money

Thursday, 24 September 2009, 10:23 am | Businesswire

Sept. 24 (BusinessWire) – The New Zealand dollar stumbled, after surging 3.1% in the past two days, as the Federal Reserve announced it will begin unwinding its extraordinary stimulus measures early next year and rumours surfaced that the Reserve Bank intervened ... More >>