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Businesswire - Latest News [Page 184]
Fonterra to end redemption risk, issue more shares
Friday, 18 September 2009, 2:33 pm | Businesswire
Sept. 18 (BusinessWire) – Fonterra Cooperative Group, the world’s biggest exporter of dairy products, will remove the ‘redemption risk’ of its shares from its balance sheet under a restructuring that offers farmers more stock and caps their value. More >>
KFC and Pizza Hut boost Restaurant Brands outlook
Friday, 18 September 2009, 1:06 pm | Businesswire
Sept 18 (BusinessWire) - Restaurant Brands Ltd is predicting an 87% increase in half-year earnings, thanks to a strong turnaround for the Pizza Hut franchise and sustained sales growth for the KFC takeaway chicken business. More >>
Zintel Group agrees to acquire Cogent for $1.9M
Friday, 18 September 2009, 10:42 am | Businesswire
Sept. 18 (BusinessWire) - Zintel Group Ltd, the NZAX-listed telecommunications company, agreed to acquire Cogent Communications for $1.9 million, creating a communications business with combined sales of $60 million. More >>
Spotless raises offer for Taylors to $2.25 a share
Friday, 18 September 2009, 10:22 am | Businesswire
Sept. 18 (BusinessWire) - Spotless Group, the Australian laundry, hospitality and cleaning contractor, raised its offer to mop up the shares in Taylors Group Ltd. that it doesn’t already own, winning the support of the target’s independent ... More >>
Stocks to watch: Ebos, Hellaby, Telecom
Friday, 18 September 2009, 9:59 am | Businesswire
Sept. 17 (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 >>
NZ dollar holds near 71 cents as Wall St slips
Friday, 18 September 2009, 9:46 am | Businesswire
Sept. 18 (BusinessWire) – The New Zealand dollar held near a 13-month high as stocks on Wall Street slipped and Bank of Japan Governor Masaaki Shirakawa said a strong yen may benefit the Japanese economy in the long run. More >>
WHILE YOU WERE SLEEPING: US stocks end 3 day rally
Friday, 18 September 2009, 9:40 am | Businesswire
Sept 18 (BusinessWire) - Stocks on Wall Street ended a three day rally overnight, with lower-than-expected revenues from FedEx Corp and Oracle leading markets lower, despite figures showing US household wealth expanded for the first time since 2007, ... More >>
No ETS deal with Maori on Treaty forests
Thursday, 17 September 2009, 6:58 pm | Businesswire
Sept 17 (BusinessWire) - The Government still has no deal with Maori on Treaty settlement forests affected by the Emissions Trading Scheme, despite being only two working days out from introducing an amended ETS Bill, next Tuesday. More >>
MARKET CLOSE: NZ shares join global rally; Pike up
Thursday, 17 September 2009, 6:27 pm | Businesswire
Sept. 17 – New Zealand shares joined a global rally amid optimism the world is climbing out of its economic slump, stoking demand for growth assets including stocks and commodities. More >>
NZ investors starved of agricultural investments
Thursday, 17 September 2009, 4:59 pm | Businesswire
Sept 17 (BusinessWire) - New Zealanders are starved of opportunities to invest in agriculture, the largest sector of the economy, and this will only change when public markets are more attractive to farmers, says the head of the Capital Markets Development ... More >>
Lion Nathan shareholders approve Kirin takeover
Thursday, 17 September 2009, 4:33 pm | Businesswire
Sept. 17 – Shareholders of Lion Nathan overwhelmingly approved Japanese brewer Kirin Holdings A$3.4 billion offer for the 53% of the company it doesn’t already own. More >>
LWR in SFO probe
Thursday, 17 September 2009, 2:38 pm | Businesswire
Sept 17 (BusinessWire) - Failed clothing maker Lane Walker Rudkin Ltd is to the subject of a Serious Fraud Office investigation, following a referral from the company's receivers, BDO Spicers. More >>
OPI Pacific Finance sent to receivers after ruling
Thursday, 17 September 2009, 12:18 pm | Businesswire
Sept. 17 (BusinessWire) – OPI Pacific Finance Ltd., better known as MFS Pacific Finance, has been placed in receivership by its trustee following a Supreme Court ruling in Queensland that the parent company be put into liquidation. More >>
NZ manufacturing contraction deepens in August
Thursday, 17 September 2009, 12:07 pm | Businesswire
Sept. 17 – New Zealand’s manufacturing industry contraction deepened last month, led by a drop-off in production, suggesting the sector still has a hurdle to clear inventory levels as the economy emerges from recession. More >>
NZ dollar hits 13-month high as stocks rally
Thursday, 17 September 2009, 9:45 am | Businesswire
Sept. 17 (BusinessWire) – The New Zealand dollar hit a 13-month high as it climbed over 71 U.S. cents as investors’ appetites for higher-yielding, or riskier, assets rose amid rising stocks on Wall Street. More >>
Stocks to watch: Allied Work, Fletcher, NZOG, PGG
Thursday, 17 September 2009, 9:40 am | Businesswire
Sept. 17 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
While you were sleeping: Stocks rally, US$ sinks
Thursday, 17 September 2009, 8:23 am | Businesswire
Sept. 17 (BusinessWire) – Stocks rallied on Wall Street amid optimism the recession in the world’s biggest economy has ended. The U.S. dollar sank to a new 12-month low and commodity prices advanced. More >>
MARKET CLOSE: NZ shares gain with global optimism
Wednesday, 16 September 2009, 6:01 pm | Businesswire
Sept. 16 (BusinessWire) – New Zealand shares rose, joining a global rally, as stronger-than-expected U.S. retail sales, upbeat comments from Federal Reserve chairman Ben Bernanke and comments from Warren Buffet that he’s buying equities helped stoke optimism. More >>
Silver Fern flags possible exit from Wrightson
Wednesday, 16 September 2009, 3:26 pm | Businesswire
Sept. 16 (BusinessWire) – Silver Fern Farms, the South Island meat company, has given notice that it may sell its holding in PGG Wrightson, raising the prospect that it will choose to exit the investment rather than participate in any Wrightson ... More >>
Joyce leaves door open for Chorus partnership
Wednesday, 16 September 2009, 2:15 pm | Businesswire
Sept. 16 (BusinessWire) – Communications Minister Steven Joyce has left the door open for Telecom Corp.’s Chorus division to buddy up with the government’s new investment company to roll-out ultrafast broadband. More >>
