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Businesswire - Latest News [Page 197]
Contact considers new life for Wairakei
Friday, 14 August 2009, 2:22 pm | Businesswire
The 50 year-old Wairakei geothermal power station looks set for an extended life after Contact Energy today signalled its retention and a preference to build new plant in the Tauhara geothermal steamfield ahead of its replacement. More >>
NZ consumers spend more in June quarter
Friday, 14 August 2009, 12:46 pm | Businesswire
August 13 (BusinessWire) – New Zealand retail sales unexpectedly rose in the second quarter, the first such increase since September 2007, as the country draws closer to climbing out of its deepest recession in more than 30 years. More >>
NZ house prices, sales volumes static in July
Friday, 14 August 2009, 11:55 am | Businesswire
August 14 (BusinessWire) – New Zealand house prices and sales volumes were steady last month in another signal that the decline in prices has probably ended amid rising net migration and lower mortgage lending rates. More >>
GPG made first-half loss, sees full-year weakness
Friday, 14 August 2009, 10:22 am | Businesswire
August 14 (BusinessWire) – Guinness Peat Group Plc., the investment company chaired by Ron Brierley, had a first-half loss and expects a “poor” fall-year result as it tries to restore profitability at its Coats threadmaker unit. More >>
Stocks to watch: Contact Energy, Fletcher, GPG
Friday, 14 August 2009, 10:00 am | Businesswire
August 14 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar gains on Eurozone recovery hopes
Friday, 14 August 2009, 9:45 am | Businesswire
August 14 (BusinessWire) – The New Zealand dollar gained as the Eurozone economy shrank less-than-expected, raising the prospect of an early recovery in the region, while U.S. retail sales unexpectedly fell month, encouraging investors to exit the ... More >>
Contact Energy Profit Halved
Friday, 14 August 2009, 9:25 am | Businesswire
Aug 14 (BusinessWire) - Contact Energy's tax-paid profit for the year to June 30 is NZ$117.5 million, exactly half last year's NZ$237.1 million after a shocker year of coinciding negative factors. More >>
While you were sleeping: US retail sales decline
Friday, 14 August 2009, 8:32 am | Businesswire
August 14 (BusinessWire) – U.S. retail sales unexpectedly fell last month, suggesting higher unemployment and reduced household incomes is constraining consumer spending, putting a drag on the economic recovery. More >>
MARKET CLOSE: NZX 50 at 10-mth high; FBU, SKC gain
Thursday, 13 August 2009, 6:43 pm | Businesswire
August 13 – New Zealand shares rose in heavy trading, pushing the NZX 50 Index to a 10-month high, as Fletcher Building extended its post-earnings rally and Sky City Entertainment Group trimmed its debt levels by buying back bonds. More >>
Marac, South Canty lose investment grade ratings
Thursday, 13 August 2009, 5:44 pm | Businesswire
August 13 – South Canterbury Finance Group and Pyne Gould Corp.’s Marac finance arm were stripped of their investment grade credit ratings by Standard & Poor’s. More >>
Steel & Tube annual profit jumps 16%
Thursday, 13 August 2009, 1:29 pm | Businesswire
August 13 - Steel & Tube Holdings, which supplies steel products to the construction industry, posted a 16% gain in full-year profit, reflecting strong trading in the first half, which dissipated as expected in the second six months of the year. More >>
TelstraClear boosts earnings 2.3% in New Zealand
Thursday, 13 August 2009, 12:58 pm | Businesswire
August 13 (BusinessWire) – TelstraClear Ltd., the New Zealand-subsidiary of Australia’s Telstra, posted a 2.3% gain in full-year earnings as more people signed up to its broadband services. Still, in Australian-dollar terms the resilient kiwi eroded the ... More >>
TelstraClear boosts earnings 2.3% in New Zealand
Thursday, 13 August 2009, 12:58 pm | Businesswire
August 13 (BusinessWire) – TelstraClear Ltd., the New Zealand-subsidiary of Australia’s Telstra, posted a 2.3% gain in full-year earnings as more people signed up to its broadband services. Still, in Australian-dollar terms the resilient kiwi eroded the ... More >>
NZ banks ‘sound,’ outlook negative: Moody's
Thursday, 13 August 2009, 12:29 pm | Businesswire
August 13 (BusinessWire) – New Zealand’s banking system is ‘sound’ and the central bank has taken steps to ensure its stability, though rising unemployment and weaker farm earnings mean the outlook “continues to be negative,” Moody’s ... More >>
T&G up 18.6% in tough trading conditions
Thursday, 13 August 2009, 12:25 pm | Businesswire
Aug 13 (BusinessWire) - Turners & Growers Ltd, the fresh produce merchant and processor, reported an 18.6% improvement in half-year earnings to June 30 as a strong New Zealand dollar and turbulent trading conditions created challenges across the ... More >>
Production and new orders up in July
Thursday, 13 August 2009, 11:33 am | Businesswire
Aug 13 (BusinessWire) - New Zealand manufacturers report a sharp uptick in production and new orders and a further rundown of finished stocks in July, fuelling evidence of a "V-shaped" economic recovery, according to the BNZ Capital/Business ... More >>
Stocks to watch: Fletcher unfazed by loss
Thursday, 13 August 2009, 9:57 am | Businesswire
August 13 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar climbs above 67 US cts after Fed report
Thursday, 13 August 2009, 9:44 am | Businesswire
NZ dollar climbs back over 67 US cts as Fed holds rates, sees end to recession More >>
Banks "brutally competitive" in wooing savers
Thursday, 13 August 2009, 9:44 am | Businesswire
Unprecedentedly high deposit rates show New Zealand banks are seeking out savers "in a brutally competitive manner", says the first in a new PriceWaterhouseCoopers report on the country's Australian-dominated banking sector. More >>
AMP Property reports net loss on devalued property
Thursday, 13 August 2009, 9:43 am | Businesswire
August 13 (BusinessWire) – AMP Property Trust, the country’s largest listed commercial property investor, reported an annual net loss of NZ$192.8 million as the value of its portfolio shrank amid dwindling demand in the deepest recession for 30 years. More >>
