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Businesswire - Latest News [Page 195]
ING makes payment of NZ$398M to frozen fundholders
Thursday, 20 August 2009, 10:44 am | Businesswire
August 20 (BusinessWire) - ING New Zealand Ltd. paid out some $398 million to investors in the frozen Diversified Yield Fund and Regular Income Fund to yesterday who accepted the fund manager’s offer, and is sending out letters confirming the payment over ... More >>
Mainfreight 1st-qtr profit falls 67%, pick-up seen
Thursday, 20 August 2009, 10:41 am | Businesswire
August 20 (BusinessWire) – Mainfreight Ltd., the biggest trucking company on the NZX 50, posted a 67% slide in first-quarter profit on one-time restructuring costs and weaker trading in New Zealand and the U.S. More >>
Stocks to watch: Mainfreight earnings, Contact
Thursday, 20 August 2009, 9:57 am | Businesswire
August 20 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar holds above 67 US cents
Thursday, 20 August 2009, 9:49 am | Businesswire
NZ dollar holds above 67 US cents as Wall Street gains, shrugs off concerns on Asia More >>
While you were sleeping: Wall St gains with oil
Thursday, 20 August 2009, 9:11 am | Businesswire
August 20 (BusinessWire) – Stocks on Wall Street advanced for a second day as a rebound in oil lifted energy companies and drugmaker Merck & Co. climbed after a patent victory. More >>
MARKET CLOSE: NZ shares gain with SKC; GMT drops
Wednesday, 19 August 2009, 6:42 pm | Businesswire
August 19 – New Zealand shares snapped a two-day slide as casino and hotel operator Sky City Entertainment Group posted higher earnings and children’s clothing chain Pumpkin Patch gained to the highest level since April 2008. More >>
NZ company disclosure improving, mistakes remain
Wednesday, 19 August 2009, 5:28 pm | Businesswire
August 19 (BusinessWire) – New Zealand company disclosure in annual reports has improved as new accounting standards and requirements become embedded in reporting practices, but some mistakes still need attention, according to the Securities Commission. More >>
Energy reforms risk credit ratings: S&P
Wednesday, 19 August 2009, 4:27 pm | Businesswire
Aug 19 (BusinessWire) - New Zealand's electricity companies face possible credit rating downgrades as proposed electricity reforms would make their operating environments riskier and more competitive, says the international credit rating agency, Standard ... More >>
Qantas posts 87% drop in full-year profit
Wednesday, 19 August 2009, 2:13 pm | Businesswire
August 19 (BusinessWire) – Qantas Airways Ltd., Australia’s biggest airline, posted an 87% decline in full-year earnings as the global slowdown weakened demand in the second half and rivals added capacity. More >>
NPT sells Newmarket properties
Wednesday, 19 August 2009, 1:46 pm | Businesswire
19 Aug (BusinessWire) - National Property Trust Ltd has sold two mainstreet Newmarket shopping strip properties for NZ$49 million to reduce debt, lessen exposure to retail and prepare for alternative purchases. More >>
NZ producer prices signal inflation remains benign
Wednesday, 19 August 2009, 12:37 pm | Businesswire
August 19 –Prices paid by New Zealand producers for raw materials and services were unchanged in the second quarter, while output prices fell, indicating inflation is likely to remain benign in a climate of economic weakness. More >>
ING Medical posts 2.3% drop in underlying earnings
Wednesday, 19 August 2009, 11:51 am | Businesswire
August 19 (BusinessWire) – ING Medical Properties Trust reported a 2.3% fall in full-year underlying earnings as the investor in health clinics weathered the impact of the worst recession in 30 years and rents rose. More >>
SkyCity profit soars on one-timers, Australia
Wednesday, 19 August 2009, 11:43 am | Businesswire
August 19 (BusinessWire) – SkyCity Entertainment Group Ltd., New Zealand’s biggest casino company, posted a 131% gain in full-year profit, reflecting writedown’s in the year-earlier period and earnings growth in Australia. More >>
Goodman Group trims Goodman Property stake to 17%
Wednesday, 19 August 2009, 10:59 am | Businesswire
August 19 – Goodman Group, the Australian property services company, reduced its stake in New Zealand’s Goodman Property Trust to 17% from 28% after the sale of units to institutional investors. More >>
NZ dollar gains above 67 cts as stocks revive
Wednesday, 19 August 2009, 9:38 am | Businesswire
August 19 (BusinessWire) – The New Zealand dollar climbed back over 67 U.S. cents as stocks markets gained on better-than-expected earnings from U.S. retailers and a German sentiment survey that showed growing confidence in Europe’s largest economy. More >>
AFFCO says high kiwi lack of livestock cut margins
Wednesday, 19 August 2009, 9:31 am | Businesswire
August 19 – AFFCO Holdings Ltd., the North Island meat processor, said its processing margins have been squeeze by a strong kiwi dollar and dwindling supplies of livestock. More >>
Stocks to watch: AMP NZ Office, Freightways, NZR
Wednesday, 19 August 2009, 9:15 am | Businesswire
August 19 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Home Depot beats forecast
Wednesday, 19 August 2009, 8:35 am | Businesswire
August 19 (BusinessWire) – Stocks on Wall Street and in Europe gained after Home Depot Inc., the world’s biggest home-improvement chain, posted earnings that beat estimates and a survey showed German investor confidence rose. More >>
MARKET CLOSE: NZ shares fall a 2nd day; NZR down
Tuesday, 18 August 2009, 7:08 pm | Businesswire
August 18 – New Zealand shares fell for a second day, extending a global slide amid doubts the much-anticipated global recovery will be as big or as fast as was hoped. New Zealand Refining fell after saying it would operate at a loss in the second ... More >>
NZ Refining predicts second-half loss
Tuesday, 18 August 2009, 5:02 pm | Businesswire
August 18 (BusinessWire) – NZ Refining Co., the country’s only oil refinery, is facing an operating loss in the second half of the year after it reported a 2.8% fall in half-year earnings as the strong kiwi dollar continued to put pressure on ... More >>
