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Businesswire - Latest News [Page 190]
SFO Investigates Multi-Million Dollar ASB Fraud
Monday, 31 August 2009, 10:33 pm | Businesswire
Aug 31 (BusinessWire) - The ASB has called in the Serious Fraud Office after firing an employee of more than 10 years over a fraud over investment advice involving millions of dollars belonging to 22 customers. More >>
MARKET CLOSE: NZ shares fall; PGW dips, GPG gains
Monday, 31 August 2009, 6:27 pm | Businesswire
August 31 – New Zealand shares declined on the final day of the month after PGG Wrightson Ltd.’s biggest shareholder said it may need to raise cash and after Reserve Bank Governor Alan Bollard said the economy faces a “fragile” recovery. More >>
Weeks of ETS negotiations loom, says Key
Monday, 31 August 2009, 5:46 pm | Businesswire
Aug 31 (BusinessWire) - Weeks of negotiations loom between the National Party, its coalition partners and Opposition political parties before a clear position emerges on an amended Emissions Trading Scheme, Prime Minister John Key said today. More >>
NZ business confidence continues to warm
Monday, 31 August 2009, 5:02 pm | Businesswire
August 31 (BusinessWire) – New Zealand business confidence continued to improve in August amid a resurgent construction sector and stabilising property market. More >>
Postie Plus sees ‘modest’ profit as Q4 sales rise
Monday, 31 August 2009, 2:35 pm | Businesswire
August 31 (BusinessWire) – Postie Plus Group, which sold its Arbuckles manchester and homewares chain to shareholder Jan Cameron, predicts it will post a “modest profit” this year after it lifted sales 13% in the fourth quarter. More >>
NZ Dollar Outlook: RBA review, dairy auction key
Monday, 31 August 2009, 1:20 pm | Businesswire
August 31 (BusinessWire) –Tomorrow's Reserve Bank of Australia monetary policy review is expected to underpin the New Zealand dollar above 68 U.S. cents, along with any signs from Fonterra’s latest online auction of another pick-up in the ... More >>
ANZ National 9-month profit falls 43% on charges
Monday, 31 August 2009, 11:44 am | Businesswire
August 31 –ANZ National, New Zealand’s largest banking group, reported a 43% decline in profit for the first nine months as the impact of recession forced it to more-than triple its credit impairments. More >>
Norgate's RPI seeks funding as PGGW cancels divvy
Monday, 31 August 2009, 11:04 am | Businesswire
August 31 – Rural Portfolio Investments Ltd, the private investment vehicle of Craig Norgate and Baird McConnon, will be forced to increase borrowing or sell assets to fund its cash requirements after 27%-owned PGG Wrightson omitted its final dividend. More >>
GPG first-half loss narrows on investment income
Monday, 31 August 2009, 10:13 am | Businesswire
August 31 (BusinessWire) – Guinness Peat Group Plc, the investment company chaired by Ron Brierley, narrowed its first-half loss as it returned to profit on its investment income while warning of ongoing weakness at its Coats threadmaker business. Its shares ... More >>
NZ dollar holds above 68 cents before NBNZ survey
Monday, 31 August 2009, 10:06 am | Businesswire
August 31 (BusinessWire) – The New Zealand dollar held above 68 U.S. cents before the National Bank Business Outlook, which will show whether the previous month’s optimism has endured, and after Reserve Bank Governor Alan Bollard said the economy ... More >>
CommComm to investigate alleged Telecom breach
Monday, 31 August 2009, 9:24 am | Businesswire
Aug 31 (BusinessWire) - The Commerce Commission is launching an investigation into an alleged breach of Telecom's Separation Undertakings. More >>
Stocks to watch: Wrightson, Sky City, FBU, TEL
Monday, 31 August 2009, 9:18 am | Businesswire
August 31 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Consumer confidence slips
Monday, 31 August 2009, 8:21 am | Businesswire
August 31 (BusinessWire) – The Dow Jones Industrial Average and the Standard & Poor’s 500 fell on Friday after a survey showed consumer confidence dropped to a four-month low in August. More >>
MARKET CLOSE: NZ shares rise; Fletcher, TEL gain
Friday, 28 August 2009, 5:51 pm | Businesswire
August 28 – New Zealand shares rose as a rebound in building consents help lift Fletcher Building and Telecom Corp chief executive Paul Reynolds made upbeat comments about the government’s approach to regulation. More >>
SMELLIE SNIFFS THE BREEZE: Where's the ETS report?
Friday, 28 August 2009, 5:17 pm | Businesswire
August 28 (BusinessWire) - It's been a particularly satisfying week at Parliament for those of us olfactorily inclined. I hung out there like the old days, watching John Key smack down the smacking referendum, only to have it rise from the grave ... More >>
Juice `dries up’ as Charlie’s posts loss
Friday, 28 August 2009, 4:52 pm | Businesswire
August 28 (BusinessWire) – Charlie’s Group Ltd., the unprofitable juice-maker formed by Simply Squeezed founder Stefan Lepionka and entertainer Marc Ellis, reported another full-year loss on rising costs as the company expanded into Australia and ... More >>
Pyne Gould, South Canterbury post annual losses
Friday, 28 August 2009, 4:48 pm | Businesswire
August 28 – South Island-based finance companies Pyne Gould Corp. and South Canterbury Finance reported annual losses after taking provisions against non-performing assets such as property loans. More >>
Taylors directors say "don't sell"
Friday, 28 August 2009, 3:22 pm | Businesswire
August 28 (BusinessWire) – The independent directors of Taylors Group, the New Zealand-based laundry company that runs Laytons Linen Hire, have advised investors not to sell to major shareholder Spotless Services NZ Ltd. until they’ve had an ... More >>
NZ building consents rebound in July
Friday, 28 August 2009, 12:18 pm | Businesswire
August 28 (BusinessWire) – New Zealand home-building consents rebounded in July from a weak June figure, suggesting the residential construction industry is closer to a revival as demand for housing recovers. More >>
NZ regulator defers mobile roaming investigation
Friday, 28 August 2009, 10:59 am | Businesswire
August 28 (BusinessWire) – The Commerce Commission has been given reason to pause its investigation into mobile roaming services after it accepted the benchmark rates it set were subject to debate, and Telecom Corp. expressed a willingness to offer ... More >>
