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Businesswire - Latest News [Page 193]
Michael Hill profit soars 176% on tax; EBIT falls
Tuesday, 25 August 2009, 9:36 am | Businesswire
August 25 (BusinessWire) – Michael Hill International Ltd., New Zealand’s largest jewellery chain, reported a 176% surge in full-year earnings as its shift to Sydney resulted in a NZ$53 million tax credit. More >>
Pike has loss as expected, delays shipment date
Tuesday, 25 August 2009, 9:26 am | Businesswire
August 25 – Pike River Coal, which is developing a coal mine in the South Island, posted a full-year loss as expected and said first shipments would be delayed until the first quarter of calendar 2010 because of slower-than-anticipated progress at ... More >>
While you were sleeping: Crude oil, metals gain
Tuesday, 25 August 2009, 8:40 am | Businesswire
August 25 (BusinessWire) – Crude oil reached a 10-month high, briefly touching US$74.81 a barrel on speculation a reviving world economy will stoke demand for fuel. More >>
MARKET CLOSE: NZ shares rise on global optimism
Monday, 24 August 2009, 6:23 pm | Businesswire
August 24 – New Zealand shares rose, joining a global rally amid signs the worst of the recession has passed and investors were encouraged by record earnings from China’s biggest oil refiner. Michael Hill International led gainers on the eve ... More >>
Fairfax Media posts full-year loss on impairments
Monday, 24 August 2009, 5:07 pm | Businesswire
August 24 – Fairfax Media, publisher of the Sydney Morning Herald and Sunday Star-Times newspapers, posted a full-year loss after writing down the value of its mastheads amid dwindling advertising revenue. More >>
Recession no deterrent; KiwiSaver numbers top 1.1M
Monday, 24 August 2009, 4:19 pm | Businesswire
August 24 – The deepest recession in more than 30 years has failed to dent New Zealanders’ appetite for KiwiSaver, according to the latest update by the tax department. More >>
NZX sees scope for smaller regulatory role
Monday, 24 August 2009, 4:00 pm | Businesswire
August 24 (BusinessWire) - NZX Ltd, operator and regulator of the New Zealand stock exchange, is willing to shed a range of current regulatory duties in the interests of market efficiency and reputation, but not before the Securities Act is rewritten. More >>
NZ Mint sets up bullion exchange as gold rises
Monday, 24 August 2009, 3:50 pm | Businesswire
August 24 (BusinessWire) – NZ Mint Ltd., New Zealand’s only precious metal mint, has opened the nation’s first bullion trading floor, betting investors will be lured to the precious metal which has soared 29% from its lows in November. More >>
MasterCard settles with NZ regulator over fees
Monday, 24 August 2009, 2:22 pm | Businesswire
August 24 (BusinessWire) – MasterCard International Inc. has followed in rival credit card issuer Visa in reaching a settlement with the Commerce Commission over the practice of `smearing’ credit card fees across transactions. More >>
NZ Dollar Outlook: Kiwi may reach 70 US cents
Monday, 24 August 2009, 12:46 pm | Businesswire
August 24 (BusinessWire) – The New Zealand dollar may push close to a 12-month high 70 U.S. cents this week as renewed optimism about the speed of the global economic recovery underpins support for higher-yielding, or riskier, assets. More >>
Tower raises NZ$81.3M via discounted rights issue
Monday, 24 August 2009, 12:38 pm | Businesswire
August 24 - Tower Ltd., the insurer and fund manager that is one-third owned by Guinness Peat Group, will raise NZ$81.3 million through a fully underwritten rights issue. More >>
St Laurence woes may not taint property affiliate
Monday, 24 August 2009, 12:15 pm | Businesswire
August 24 (BusinessWire) –The threat of receivership hanging over embattled finance company St Laurence Ltd. probably won’t spill over to St Laurence Property & Finance Ltd., according to Kevin Podmore, a director of both companies. More >>
Tower shares halted from trading pending statement
Monday, 24 August 2009, 9:54 am | Businesswire
August 24 - Tower Ltd. had its shares halted from trading on the NZX pending a material announcement. More >>
NZ dollar hits 11-month high after US housing data
Monday, 24 August 2009, 9:39 am | Businesswire
NZ dollar hits 11-month high as US housing data stirs optimism for global recovery More >>
Stocks to watch: Pike River , F&P Healthcare, TEL
Monday, 24 August 2009, 9:32 am | Businesswire
August 24 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Bernanke's outlook upbeat
Monday, 24 August 2009, 8:26 am | Businesswire
August 24 (BusinessWire) – U.S. stocks rallied on Friday, while Treasuries fell and the greenback weakened after home sales jumped and Federal Reserve chairman Ben Bernanke gave an upbeat appraisal of the global economy. More >>
MARKET CLOSE: NZ shares slip as earnings dominate
Friday, 21 August 2009, 6:46 pm | Businesswire
MARKET CLOSE: NZ shares slip as earnings dominate; Telecom, Westpac fall August 21 – New Zealand shares fell as companies including Telecom Corp. and Sky Network Television posted weaker earnings and Air New Zealand reported a continued decline ... More >>
F&P Healthcare forecasts 25% gain in 2010 profit
Friday, 21 August 2009, 4:57 pm | Businesswire
August 21 – Fisher & Paykel Healthcare forecast earnings growth in 2010 of 25% as higher-than-expected sales make up for the impact of a stronger kiwi dollar on overseas sales. More >>
Turners Auctions first-half net soars 69% on costs
Friday, 21 August 2009, 4:36 pm | Businesswire
August 21 (BusinessWire) – Turners Auctions Ltd., the largest single seller of motor vehicles in the country, reported a 69% gain in first-half earnings as it slashed spending in a declining market. The shares jumped 9.9%. More >>
SMELLIE SNIFFS THE BREEZE: Our Aussie Friends
Friday, 21 August 2009, 4:14 pm | Businesswire
Aug 21 (BusinessWire) - New Zealanders living in Australia are so commonplace that Aussies generally only notice them to mock their vowels. This is very annoying to those Kiwis, who have been known to commiserate with Tasmanians on the subject of ... More >>
