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Businesswire - Latest News [Page 213]
Time running out for Tranz Rail claimants
Friday, 3 July 2009, 6:16 pm | Businesswire
July 3 – Time is running out for shareholders of the former railroad operator Tranz Rail to claim compensation under the NZ$27.5 million settlement of the insider trading case. More >>
MARKET CLOSE: NZ shares slide; Rakon, Nuplex drop
Friday, 3 July 2009, 5:52 pm | Businesswire
July 3 – New Zealand shares fell for a third day, as rising jobless rates in Europe and the U.S. eroded optimism for a quick recovery in the global economy, pushing down stocks from Tokyo to New York. Prospects for dwindling earnings when companies ... More >>
Fonterra to appeal Commerce Commission raw milk ru
Friday, 3 July 2009, 5:46 pm | Businesswire
3 July - Fonterra is digging in its heels over interpretation of the Raw Milk Regulations, appealing a Commerce Commission decision requiring the giant dairy cooperative to supply raw milk to a third party processor for the Kaimai Cheese and Grate Kiwi cheese ... More >>
Currency Focus: CBA’s Grace tips kiwi to hit US70c
Friday, 3 July 2009, 4:30 pm | Businesswire
Currency Focus: CBA’s Grace tips kiwi to hit US 70 cents as greenback slides More >>
Archer starts due diligence on Energy Developments
Friday, 3 July 2009, 4:13 pm | Businesswire
July 3 – Energy Developments Ltd., the Brisbane-based renewable energy company that’s 32% owned by Infratil Ltd., has invited Archer Capital to begin due diligence after the private equity firm revised its takeover offer. More >>
Listing Back on the Agenda for Sth Canty Finance
Friday, 3 July 2009, 3:56 pm | Businesswire
July 3 - Traditionally conservative South Canterbury Finance is putting stock exchange listing back on the agenda after turning to its shareholder chairman, Alan Hubbard, for a $40 million capital injection after its first loss since 1934. SCF expects ... More >>
SMELLIE SNIFFS THE BREEZE : Little Green Dollars
Friday, 3 July 2009, 3:24 pm | Businesswire
July 3 - One time about six years ago, while working as a PR consultant for Fonterra, I visited the Mexican headquarters of New Zealand Milk. More >>
Pumpkin Patch rated 'accumulate' at AspectHuntley
Friday, 3 July 2009, 1:24 pm | Businesswire
July 3 - Pumpkin Patch Ltd. was raised to ‘accumulate’ by Morningstar’s AspectHuntley unit after the children’s clothing chain said it would close most of its U.S. stores, curbing losses and expenditure in a market and bolstering its earnings outlook More >>
English warns against false hopes in deficit drop
Friday, 3 July 2009, 12:27 pm | Businesswire
July 3 – Finance Minister Bill English warned against taking too much heart from Treasury figures showing a smaller-than-forecast operating deficit because the accounts are set to remain in the red for the next 10 years as the government ramps up borrowing. More >>
NZ broadband performance rises, ISP gap widens
Friday, 3 July 2009, 11:32 am | Businesswire
July 3 – The quality of New Zealand’s broadband services edged higher in the first three months this year with new investment in the network by internet service providers (ISPs) in local caching or improved backhaul services. The gap between ... More >>
Auckland home sales rise in June, as prices dip
Friday, 3 July 2009, 11:25 am | Businesswire
July 3 – Auckland home sales extended their gains last month, suggesting confidence in the sector is beginning to stabilise, according to real estate firm Barfoot & Thompson. More >>
NZ Crown operating balance better than forecast
Friday, 3 July 2009, 10:46 am | Businesswire
July 3 - The New Zealand government's operating balance was better-than-forecast in the 11 months through May, helped by investment gains by the NZS Fund and Accident Compensation Corp. More >>
Hawke’s Bay Airport on growth path
Friday, 3 July 2009, 10:15 am | Businesswire
July 3 - The Hawke’s Bay region will have an airport capable of handling jet aircraft in time for the 2011 World Cup with tenders going out for the runway extension. More >>
NZ dollar falls after US, European jobless data
Friday, 3 July 2009, 10:05 am | Businesswire
July 3 – The New Zealand dollar tumbled as job losses in the U.S. and Europe provided a reality check for optimistic investors, eroding appetites for higher-yielding, or riskier, assets and adding further negatives on the kiwi currency. More >>
Stocks to watch: Telecom, Jasons, F&P Appliances
Friday, 3 July 2009, 9:58 am | Businesswire
July 3 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Jobs data saps stocks
Friday, 3 July 2009, 8:37 am | Businesswire
July 3 – Stocks tumbled in Europe and the U.S. as rising unemployment quelled optimism the end of recession is closer. More >>
S&P takes comfort from Hubbard’s backing for SCF
Thursday, 2 July 2009, 6:11 pm | Businesswire
July 2 – South Canterbury Finance’s BBB- credit rating partly reflects the tacit support and resources of founder Allan Hubbard, according to a Standard & Poor’s analyst who says the ratings agency has noticed the spike in the company’s 2012 ... More >>
MARKET CLOSE: NZ shares fall; Telecom, PPL drop
Thursday, 2 July 2009, 5:56 pm | Businesswire
July 2 – New Zealand shares fell for a second day, with Telecom Corp. falling as new mobile rival 2 Degrees prepared for its launch and children’s clothing chain Pumpkin Patch declining as investors mulled its U.S. downsizing. More >>
NZ commodity prices flatten
Thursday, 2 July 2009, 4:16 pm | Businesswire
July 2 – New Zealand commodity prices flattened, with food price weakness offset by higher sawn timber and aluminium prices. More >>
"Iconic" company rescue plan not a goer
Thursday, 2 July 2009, 2:04 pm | Businesswire
July 2 - The Government has abandoned work to identify and assist "iconic" New Zealand companies because it was never a useful definition for companies deserving help, the acting chief executive of the Ministry for Economic Development, Mark Steel, ... More >>
