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Businesswire - Latest News [Page 183]

Stocks to watch: Contact Energy, Ebos, FPH, GFF

Tuesday, 22 September 2009, 9:27 am | Businesswire

Sept. 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 >>

While you were sleeping: Wall St prices overvalued

Tuesday, 22 September 2009, 8:30 am | Businesswire

Sept. 22 (BusinessWire) – Stocks on Wall Street fell from the highest levels in 11 months amid concerns the rally in equity markets has pushed valuations beyond levels justified by the earnings outlook. Oil tumbled more than 3%. More >>

South Canterbury rating on CreditWatch Negative

Monday, 21 September 2009, 7:45 pm | Businesswire

Sept. 21 – South Canterbury Finance Ltd. had its credit rating placed on Creditwatch Negative by Standard & Poor’s, which said the finance company’s risk profile has deteriorated since the rating was cut to speculative grade last month. More >>

Progressive Cedes High End to Foodstuffs

Monday, 21 September 2009, 7:31 pm | Businesswire

Sept 21 (BusinessWire) - Progressive Enterprises Ltd is to close two long-standing supermarket brands, Woolworths and Foodtown, and concentrate all activity in a rebranded Countdown. More >>

MARKET CLOSE: NZX 50 snaps three-day rally

Monday, 21 September 2009, 6:27 pm | Businesswire

Sept. 21 (BusinessWire) – New Zealand shares snapped a three-day rally amid concern the 14% gain in the benchmark NZX 50 in the past month has pushed valuations beyond levels justified by the outlook for earnings. NZ Oil & Gas and Tower Ltd. led ... More >>

Inward migration at a five-year high

Monday, 21 September 2009, 3:30 pm | Businesswire

Sept. 21 (BusinessWire) – New Zealand net migration surged to an annual five-year high as locals continued to stay at home, rather than risk their luck abroad in the face of the worst global recession since World War II. Still, the number of Asian ... More >>

NZ Dollar Outlook: Kiwi may nudge 72 cents in week

Monday, 21 September 2009, 2:00 pm | Businesswire

NZ Dollar Outlook: Kiwi may nudge 72 US cent this week amid NZ data glut More >>

Spotless offer for Taylors is at low-end of range

Monday, 21 September 2009, 11:37 am | Businesswire

Sept. 18 (BusinessWire) - Spotless Group’s offer to mop up the remaining shares of Taylors Group Ltd. is at the low end of a valuation range by Grant Samuel & Associates but still won the endorsement of independent directors, who say a counter-bid ... More >>

NZ’s 2nd-qtr GDP may surprise with growth

Monday, 21 September 2009, 11:09 am | Businesswire

Sept. 21 (BusinessWire) – The New Zealand economy contracted 0.1% in the second quarter, based on consensus forecasts, with some economists saying there’s a chance the recession ended. More >>

NZ dollar slips below 71 cts as risk appetite dims

Monday, 21 September 2009, 9:45 am | Businesswire

Sept. 21 (BusinessWire) – The New Zealand dollar slipped below 71 U.S. cents and may extend its decline as speculation the G-20 will discuss exit strategies from their stimulus schemes dims investors’ appetite for higher-yielding assets in a ... More >>

Stocks to watch: CER Group, FPA, PGC, Warehouse

Monday, 21 September 2009, 9:17 am | Businesswire

Sept. 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: Wall St gains, bank pay

Monday, 21 September 2009, 8:41 am | Businesswire

Sept. 21 (BusinessWire) – Stocks on Wall Street rose on Friday, pushing the Dow Jones Industrial Average to an 11-month high, as consumer products maker Procter & Gamble gained on comments from analysts at Citigroup that it likely to win ... More >>

Two-thirds of Silver Fern farmers ignore offer

Friday, 18 September 2009, 7:18 pm | Businesswire

Sept. 18 (BusinessWire) - Little more than a third of farmer shareholders in the Silver Fern Farms cooperative have taken up the new equity deal offered by the company in July as the deadline passed this evening. More >>

Currency Focus: Kiwi may extend gains vs Aussie

Friday, 18 September 2009, 6:35 pm | Businesswire

Sept. 18 (BusinessWire) – The New Zealand dollar may extend its gains against the Australian dollar to an eight-month high as the nation’s export commodities outperform and inbound migration stokes the economy, according to Westpac Banking Corp. economists. More >>

Fonterra capital plan leaves Fitch unmoved

Friday, 18 September 2009, 6:31 pm | Businesswire

Sept 18 (BusinessWire) - Capital restructuring plans announced by the New Zealand dairy cooperative, Fonterra, will have no impact on its AA- credit rating, despite improving the business's ability to manage risk of share redemptions by farmer members ... More >>

MARKET CLOSE: NZX 50 reaches 11-month high; RBD up

Friday, 18 September 2009, 5:50 pm | Businesswire

Sept. 18 – New Zealand’s NZX 50 Index closed at an 11-month high, led by Restaurant Brands NZ Ltd., after the fast-food restaurant operator forecast an 87% jump in first-half earnings, adding to optimism the economy is climbing out of recession. More >>