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Businesswire - Latest News [Page 194]
APN News first-half profit tumbles 53% on ad sales
Friday, 21 August 2009, 2:54 pm | Businesswire
August 21 – APN News & Media Ltd., publisher of the New Zealand Herald newspaper, posted a 53% decline in first-half profit as advertising revenue tumbled. More >>
UPDATE: Telecom’s XT answer to poor performance
Friday, 21 August 2009, 1:25 pm | Businesswire
August 21 (BusinessWire) – Telecom Corp., the biggest company on the NZX 50 Index, hinted at a spike in uptake for its new XT network after a weaker-than-expected performance in its mobile business saw fourth-quarter profit sink 56%. More >>
Cavalier weathers "worst ever" trading conditions
Friday, 21 August 2009, 1:22 pm | Businesswire
Aug 21 (BusinessWire) - Cavalier Corporation Ltd, the Australasian carpet-maker and wool processor, reported a 17% decline in net profitability for the year to June 30, but gained market share in tough economic conditions and outperformed its own ... More >>
NZ Impaired Assets Hurt Westpac in Q3
Friday, 21 August 2009, 12:15 pm | Businesswire
Aug 21 (BusinessWire) - Westpac Banking Corporation, Australia's largest bank, has reported A$1.1 billion in cash earnings for the three months to June 30, largely unchanged from the same quarter a year earlier. More >>
Sky Network FY profit falls 9.6% on HD costs
Friday, 21 August 2009, 11:51 am | Businesswire
August 21 – Sky Network Television Ltd., New Zealand’s biggest pay-TV company, posted a 9.6% decline in full-year profit on costs for the introduction of its digital TV and high definition service. More >>
Aussie winter vacationers boost visitor numbers
Friday, 21 August 2009, 11:35 am | Businesswire
Aug 21 (BusinessWire) - Australians arrived in droves for short visits last month, helping to keep total international visitor arrivals static between July 2008 and July 2009 despite the impact of the global economic crisis and swine flu on arrivals ... More >>
Briscoe raises profit forecast a second time
Friday, 21 August 2009, 11:18 am | Businesswire
August 21 - Briscoe Group, the owner of homeware, Rebel Sports goods, Urban Loft and Living & Giving chains, raised its first-half profit forecast for the second time in a month and predicted a stronger second-half result. More >>
Telecom 4th-qtr profit tumbles 56%
Friday, 21 August 2009, 11:05 am | Businesswire
August 21 – Telecom Corp., the biggest company on the NZX 50 Index, posted a 56% slump in fourth-quarter profit caused by costs to exit its CDMA mobile network and weaker revenue from its retail and AAPT units. More >>
NZ dollar gains on US manufacturing, China rally
Friday, 21 August 2009, 10:58 am | Businesswire
August 21 – The New Zealand dollar gained, joining a rally in higher-yielding currencies, as stronger U.S. manufacturing data and a rebound in Chinese stocks helped revive investors’ appetite for risk. More >>
Stocks to watch: Telecom profit, Briscoe outlook
Friday, 21 August 2009, 9:56 am | Businesswire
August 21 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: AIG repayments
Friday, 21 August 2009, 8:45 am | Businesswire
August 21 (BusinessWire) – American International Group Inc. shares soared, leading the Standard & Poor’s 500 higher, after the insurer said it expects to repay U.S. government aid. More >>
New trans-Tasman benefit test to drive CER
Thursday, 20 August 2009, 10:06 pm | Businesswire
Aug 20 (BusinessWire) - The New Zealand and Australian Prime Ministers have agreed the principles for a much deeper trans-Tasman relationship in one of the most high-powered delegations to Canberra in a generation. More >>
MARKET CLOSE: NZ shares fall, led by NZR; Ebos up
Thursday, 20 August 2009, 6:11 pm | Businesswire
August 20 – New Zealand shares fell, extending their slide from a 10-month high, led by New Zealand Refining, PGG Wrightson and Nuplex Industries. Ebos Group led gains in companies that posted better-than-expected earnings. More >>
MARKET CLOSE: NZ shares fall, led by NZR; Ebos up
Thursday, 20 August 2009, 6:11 pm | Businesswire
August 20 – New Zealand shares fell, extending their slide from a 10-month high, led by New Zealand Refining, PGG Wrightson and Nuplex Industries. Ebos Group led gains in companies that posted better-than-expected earnings. More >>
In-flight bag screening to hasten arrivals process
Thursday, 20 August 2009, 2:24 pm | Businesswire
Aug 20 (BusinessWire) - Instant fines for undeclared bio-security hazards at airports will double to NZ$400, while a trial of in-flight luggage screening will be undertaken to speed up trans-Tasman airline passenger processing at the border. More >>
IRG resolves bank covenant breach row
Thursday, 20 August 2009, 2:05 pm | Businesswire
Aug 20 (BusinessWire) - Investment Research Group Ltd, the NZAX-listed investment vehicle, has reached agreement with its bankers, following a breach of banking covenants that prevented the company filing annual accounts and led to a share trading suspension. More >>
Marac faces long road to bank status
Thursday, 20 August 2009, 1:33 pm | Businesswire
Marac’s aspirations of transforming into a bank face a hard road ahead following its downgrade by Standard & Poor’s last week. More >>
Kiwibank drops Mercer as Kiwisaver partner
Thursday, 20 August 2009, 12:35 pm | Businesswire
Aug 20 (BusinessWire) -- Kiwibank is parting company with fund manager Mercer, which has been the locally-owned bank's conduit for Kiwisaver clients since the government-backed Kiwisaver retirement savings scheme was launched in mid-2007. More >>
Kiwibank profit surges on strong lending, deposits
Thursday, 20 August 2009, 12:15 pm | Businesswire
Aug 20 (BusinessWire) - Kiwibank, the New Zealand-government owned lender, posted a 42.5% increase in after-tax profit for the year to June 30 to NZ$52.475 million, backed by continuing strong growth in lending and deposit-taking, despite a margin ... More >>
Port of Tauranga lifts FY profit as sales slip
Thursday, 20 August 2009, 12:12 pm | Businesswire
Port of Tauranga lifts FY profit as lower finance costs make up for dip in volumes More >>
