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Businesswire - Latest News [Page 214]
Broadway sells HE Perry photographic to managers
Thursday, 2 July 2009, 11:27 am | Businesswire
July 2 – Broadway Industries Ltd. sold its H E Perry photographic import and distribution business to managers in a transaction expected to reap NZ$1.5 million. More >>
NZ dollar drops below 64 US cents on weak dairy
Thursday, 2 July 2009, 10:17 am | Businesswire
July 2 – The New Zealand dollar fell as offshore investors begin to focus on the state of the dairy industry, the nation’s biggest exporter, after the price of milk powder extended its slide for a third month in Fonterra’s latest online auction. More >>
Milk powder prices extend drop on US subsidies
Thursday, 2 July 2009, 9:40 am | Businesswire
July 2 – The price of milk powder slipped 3% in Fonterra Cooperative Group’s latest online auction, suggesting the U.S. decision to re-introduce export subsidies may be weighing on global prices. More >>
Stocks to watch: A2 Corp., Allied Farmers, Nuplex
Thursday, 2 July 2009, 9:34 am | Businesswire
July 2 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: US manufacturing improves
Thursday, 2 July 2009, 8:30 am | Businesswire
July 2 – U.S. manufacturing contracted at the slowest pace in 11 months, lifting optimism the world’s biggest economy is stabilising. Shares on Wall Street rose after the report. More >>
Door Open to Repeal of Foreshore and Seabed Act
Wednesday, 1 July 2009, 6:40 pm | Businesswire
July 1 - The Government is open to repealing the highly contentious Foreshore and Seabed Act, which expropriated Maori property rights claims under the Treaty of Waitangi on coastal areas, when passed five years ago. More >>
MARKET CLOSE: NZX 50 falls; Fletcher, PGW down
Wednesday, 1 July 2009, 5:50 pm | Businesswire
July 1 – New Zealand shares fell, pushing the NZX 50 Index down for the first session in five, as weaker Australian building approvals weighed on Fletcher Building and PGG Wrightson shareholder Silver Fern Farms announced plans to issue its own publicly ... More >>
Short Term Jobs Outlook "Extremely Ugly" - Westpac
Wednesday, 1 July 2009, 5:37 pm | Businesswire
July 1 - The short term employment outlook weakened dramatically between March and June, although working New Zealanders are expecting a bounceback over the next year, according to the June Westpac-McDermott Miller Employment Confidence Index measure ... More >>
Silver Fern seeks to raise up to NZ$128M in shares
Wednesday, 1 July 2009, 2:47 pm | Businesswire
Silver Fern seeks to raise up to NZ$128M selling shares to trade on Unlisted More >>
New tune at Contact Energy
Wednesday, 1 July 2009, 2:46 pm | Businesswire
July 1 - Contact Energy has further reshuffled its senior management team, appointing ex-patriate Graham Cockroft to the new position of Chief Operating Officer. More >>
Silver Fern to tap farmers for more cash
Wednesday, 1 July 2009, 2:04 pm | Businesswire
July 1 – Silver Fern Farms, the meat cooperative that was the target of a failed investment proposal by PGG Wrightson, plans to tap its 20,000 shareholders for additional capital and convert their equity to a new, tradable class of ordinary stock. More >>
Genesis R&D taps partner for gene silencing
Wednesday, 1 July 2009, 12:30 pm | Businesswire
July 1 – Genesis Research and Development Corp., the Auckland-based biotechnology company, will tap an international venture capital group to partner on a new subsidiary to undertake its gene silencing project. More >>
Hellaby stock gains on debt reduction, refinancing
Wednesday, 1 July 2009, 12:15 pm | Businesswire
July 1 – Shares of Hellaby Holdings Ltd. gained after the diversified group with interests ranging from footwear stores to automotive parts said it had reduced core debt and concluded a refinancing agreement with its banks. More >>
F&P Appliances names Haier directors, creates COO
Wednesday, 1 July 2009, 11:51 am | Businesswire
July 1 – Fisher & Paykel Appliances Holdings Ltd., which avoided falling prey to creditors this year by attracting equity capital from Haier Group and selling shares at a discount, today named two executives of the Chinese manufacturer to its ... More >>
NZX completes sale of TZ1 to Markit for U$37.1M
Wednesday, 1 July 2009, 11:25 am | Businesswire
July 1 – NZX Ltd., the New Zealand stock exchange operator which is diversifying into new markets and data services, completed the sale of its TZ1 Registry business to financial services company Markit for US$37.1 million. More >>
NZ dollar falls as stocks slip on weak US, UK data
Wednesday, 1 July 2009, 10:09 am | Businesswire
July 1 – The New Zealand dollar fell as U.S. and European equities tumbled on data showing the U.K. economy shrank the most in more than 50 years and unexpectedly weak U.S. consumer confidence, eroding investor appetite for higher-yielding, or riskier, ... More >>
Stocks to watch: Telecom charges, Genesis, PPL
Wednesday, 1 July 2009, 9:54 am | Businesswire
July 1 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: US confidence dips
Wednesday, 1 July 2009, 8:31 am | Businesswire
July 1 – Stocks on Wall Street fell after consumer confidence fell and figures showed an increase in defaulted home loans, fueling concern the world’s biggest economy won’t recover quickly. More >>
Pumpkin Patch signals retreat from U.S.
Tuesday, 30 June 2009, 10:55 pm | Businesswire
June 30 – Pumpkin Patch Ltd., the children’s clothing chain, will shut 20 of its 35 U.S. stores, targeting newer outlets that had failed to turn a profit in a shrinking consumer market. The stock jumped 10% to NZ$1.49. More >>
Inflation likely to emerge as resurgent risk: RBNZ
Tuesday, 30 June 2009, 10:33 pm | Businesswire
June 30 – Inflation, which has evaporated with the prolonged recession, is likely to loom as a challenge for central banks once confidence returns to global markets, the Reserve Bank of New Zealand said in its annual statement of intent. More >>
