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Businesswire - Latest News [Page 196]
NAB buys Challenger mortgage unit in Australia
Tuesday, 18 August 2009, 12:43 pm | Businesswire
August 18 (BusinessWire) – National Australia Bank Ltd., the parent of Bank of New Zealand, will buy Challenger Financial Services Ltd.’s mortgage broking business, adding residential mortgages and a stake in Homeloans Ltd. More >>
Stocks to watch: AIR, F&P Appliances, Freightways
Tuesday, 18 August 2009, 9:39 am | Businesswire
August 18 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar holds below 67 cts as global stocks drop
Tuesday, 18 August 2009, 9:26 am | Businesswire
NZ dollar holds below 67 US cts as global stocks slide on doubts over recovery More >>
While you were sleeping: Recovery prospects dim
Tuesday, 18 August 2009, 8:29 am | Businesswire
August 18 (BusinessWire) – Stocks tumbled in the U.S. and Europe, extending the slide in Asia yesterday on concern a recovery in global economic growth may falter after Japan’s growth missed estimates and investment in China fell. More >>
MARKET CLOSE: NZX 50 drops; Freightways, FPA fall
Monday, 17 August 2009, 6:22 pm | Businesswire
August 17 – New Zealand’s benchmark NZX 50 Index tumbled, led by Freightways Ltd. after the courier firm pointed to a tough short-term outlook and as Fisher & Paykel Appliances managing director John Bongard announced his resignation due to ... More >>
F&P AGM Update - Bongard resigns
Monday, 17 August 2009, 5:09 pm | Businesswire
August 17 (BusinessWire) - Fisher & Paykel Ltd chief executive John Bongard is to step down after a 36 year career with the company after revealing he had been battling prostate cancer for more than a year. More >>
Infratil earnings to be at low end of forecasts
Monday, 17 August 2009, 4:49 pm | Businesswire
Infratil’s operating profit to be at low end of forecast range on Europe, Australia More >>
F&P to launch as luxury brand in China
Monday, 17 August 2009, 4:22 pm | Businesswire
August 17 (BusinessWire) - Fisher & Paykel Ltd, the appliance maker, is to be launched in China as a luxury brand by its new cornerstone shareholder, Haier Corporation, F&P's chief executive, John Bongard, told shareholders at the company's annual ... More >>
NZX seeks faster settlements
Monday, 17 August 2009, 3:03 pm | Businesswire
August 17 (BusinessWire) – NZX Ltd., the regulator and top performing stock on its own bourse, is proposing to cut the time it takes brokers to settle trades on the stock exchange to ensure price certainty for when it launches its derivatives ... More >>
Freightways shares drop on dividend reinvestment
Monday, 17 August 2009, 1:04 pm | Businesswire
August 17 – Shares of Freightways Ltd. declined after the biggest courier company on the NZX announced an underwritten dividend reinvestment plan as part of its measures to preserve cash to strengthen its balance sheet. More >>
NZ Dollar Outlook: Kiwi may fall on US outlook
Monday, 17 August 2009, 1:01 pm | Businesswire
August 17 (BusinessWire) – The New Zealand dollar may fall this week, extending its decline as an unexpected drop in consumer confidence in the U.S. drags down investor appetite for higher-yielding, or riskier, assets. More >>
NZ services sector turns positive on new orders
Monday, 17 August 2009, 11:43 am | Businesswire
August 17 - New Zealand’s services industry climbed out of contraction for the first time in 16 months, as a jump in new orders added to signs the economy is emerging from its worst downturn in 30 years. More >>
Freightways lifts FY profit 7%, helped by property
Monday, 17 August 2009, 10:56 am | Businesswire
August 17 – Freightways Ltd., the courier firm that sold stock at a discount this year to strengthen its balance sheet, posted a 7% gain in annual profit, including a one-time gain from the sale and lease back of a property in Wellington. More >>
Stocks to watch: Freightways, Comvita, Pyne, ING
Monday, 17 August 2009, 9:52 am | Businesswire
August 17 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar slips as US consumer dips
Monday, 17 August 2009, 9:25 am | Businesswire
August 17 (BusinessWire) – The New Zealand dollar slipped from an 11-month high after U.S. consumer confidence unexpectedly dropped this month, sparking concerns the global recovery may not be as fast or as strong as earlier anticipated, and discouraging ... More >>
While you were sleeping: US confidence, stocks dip
Monday, 17 August 2009, 8:42 am | Businesswire
August 17 (BusinessWire) – U.S. consumer confidence unexpectedly dropped this month, figures on Friday showed, dimming the prospects for spending to help quickly lift the world’s biggest economy out of recession. Stocks on Wall Street fell and Treasuries ... More >>
ING Property sells three properties for NZ$10.4M
Friday, 14 August 2009, 6:34 pm | Businesswire
August 14 – ING Property Trust sold three properties for a total NZ$10.4 million, bringing sales of non-core assets since March to NZ$48.9 million as it repays debt. More >>
MARKET CLOSE: NZX 50 reaches 10-mth high; CAV up
Friday, 14 August 2009, 6:25 pm | Businesswire
(BusinessWire) - New Zealand shares rose, pushing the NZX 50 Index to a new 10-month high, as some investors sought to bet on an economic recovery by buying the stock most beaten up in the slump, including Cavalier Corp., Nuplex Industries and Rakon ... More >>
SMELLIE SNIFFS THE BREEZE: The rolling maul
Friday, 14 August 2009, 5:34 pm | Businesswire
Aug 14 (BusinessWire) - What a big week. It seems no time at all ago that bored political journalists were accusing Prime Minister John Key of running out of steam. It is now clear he was tapering. More >>
Australia's downturn ‘shallower,’ rates will rise
Friday, 14 August 2009, 4:12 pm | Businesswire
August 14 – Australia’s economic downturn may prove to be one of the shallower ‘recessions’ the nation has faced and the central bank will have to lift interest rates at some point, Governor Glenn Stevens told the parliament’s economics committee. More >>
