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Businesswire - Latest News [Page 191]

Delegat’s profit surges on global thirst for wine

Friday, 28 August 2009, 10:48 am | Businesswire

August 28 – Delegat’s Group Ltd. posted a 57% jump in annual profit, as it had recently predicted, as demand for its Oyster Bay brand wines surged, defying the global recession. More >>

Auckland Airport profit more than halved

Friday, 28 August 2009, 10:27 am | Businesswire

Aug 28 (BusinessWire) - Auckland International Airport Ltd, operator of New Zealand's gateway airport, reports a 63.1% fall in net profit after tax in the year to June 30, reflecting flat operating earnings and reduced property valuations caused by ... More >>

NZ dollar pushes towards 69 cts as Wall St gains

Friday, 28 August 2009, 10:24 am | Businesswire

August 28 (BusinessWire) – The New Zealand dollar pushed back towards 69 U.S. cents stocks on Wall Street gained on better-than-expected economic data, stoking investors’ appetites for higher-yielding, or riskier, assets. More >>

Stocks to watch: Auckland Airport, Nuplex, TEL

Friday, 28 August 2009, 9:50 am | Businesswire

August 28 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>

While you were sleeping: US GDP shrinks 1%

Friday, 28 August 2009, 8:45 am | Businesswire

August 28 (BusinessWire) – The U.S. economy shrank at a smaller-than-expected 1% annual pace in the second quarter, a recovery from the 6.4% slump three months earlier, suggesting America is climbing out of recession. More >>

BB credit rating for Southern Cross Building Soc

Thursday, 27 August 2009, 6:42 pm | Businesswire

Aug 27 (BusinessWire) - Standard & Poor's has assigned its first credit rating for a New Zealand building society, rating Southern Cross Building Society at BB long term, and B short term. More >>

MARKET CLOSE: NZ shares fall with PGW; NPX gains

Thursday, 27 August 2009, 6:05 pm | Businesswire

August 27 –New Zealand shares fell after PGG Wrightson Ltd. posted a full-year loss and said its reviewing options to raise capital and sell assets and NZ Farming Systems Uruguay tumbled. Nuplex Industries led gaining shares after announcing a ... More >>

Wrightson may sell assets, seek new shareholders

Thursday, 27 August 2009, 5:18 pm | Businesswire

August 27 – PGG Wrightson Ltd., the unprofitable rural services company, may sell assets and bring in a new cornerstone shareholder after increasing its bank facilities by about NZ$150 million and extending the term of its debt. More >>

Comm Comm examines potential Telecom breach

Thursday, 27 August 2009, 4:01 pm | Businesswire

August 27 (BusinessWire) – The Commerce Commission is investigating a potential breach of Telecom Corp.’s operational separation, but has yet to decide whether to pursue a full inquiry for anti-competitive behaviour. More >>

Nuplex beats EBITDA forecast, pays special div

Thursday, 27 August 2009, 1:27 pm | Businesswire

August 27 – Nuplex Industries, the specialty chemicals maker forced to sell stock at a discount to strengthen its balance sheet, posted full-year earnings that beat its guidance and announced a special dividend. The shares jumped. More >>

NZ posts smallest annual trade deficit in 6 years

Thursday, 27 August 2009, 12:44 pm | Businesswire

NZ posts smallest annual trade deficit in 6 years as imports shrink By Paul McBeth More >>

NZ Farming Systems blunder prompts NZX query

Thursday, 27 August 2009, 12:33 pm | Businesswire

August 27 (BusinessWire) - New Zealand Farming Systems Uruguary Ltd. included an internal note in its annual results from a staff member saying "fudge this," prompting a "please explain" note from the New Zealand market regulator, ... More >>

Abano shares leap on sale of NZ audiology business

Thursday, 27 August 2009, 11:32 am | Businesswire

Aug 27 (BusinessWire) - Abano Healthcare Group Ltd is selling its New Zealand audiology interests for NZ$157.8 million in a move that will strengthen its balance sheet, make a one-off capital return to shareholders, and allow the business to concentrate ... More >>

Metlifecare loss more than doubles on writedown

Thursday, 27 August 2009, 11:07 am | Businesswire

August 27 (BusinessWire) – Metlifecare Ltd., the operator of 17 retirement villages, said its full-year loss more than doubled, reflecting a write down in the fair value of its property investments. More >>

Air NZ profit falls 90% on fuel, labor costs

Thursday, 27 August 2009, 10:19 am | Businesswire

August 27 (BusinessWire) - Air New Zealand Ltd., the national carrier, posted a 90% slump in annual profit as operating costs rose and increased rivalry in weak markets drove down fares. More >>

Stocks to watch: Air NZ profit slumps, Sky TV

Thursday, 27 August 2009, 9:58 am | Businesswire

August 27 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>

NZ dollar slips on potential Chinese capacity curb

Thursday, 27 August 2009, 9:43 am | Businesswire

August 27 (BusinessWire) – The New Zealand dollar slipped after Chinese officials raised concerns about what they see as overcapacity in certain sectors of that economy, damping appetite for so-called commodity currencies such as the Australian and kiwi ... More >>