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Businesswire - Latest News [Page 225]
NZ business confidence turns positive in May
Wednesday, 27 May 2009, 4:10 pm | Businesswire
May 27 – Business confidence turned positive for the first time in eight months in May, amid optimism the economic prospects for New Zealand are improving, according to the National Bank Business Outlook. More >>
Fonterra pessimistic says Deutsche Bank
Wednesday, 27 May 2009, 2:39 pm | Businesswire
May 27 – Fonterra Cooperative Group’s forecast payout for the 2010 season could be overly pessimistic because the kiwi dollar may retreat from a seven-month high, while the global economy slump may be past its worst, according to Deutsche Bank. More >>
Downer to sell up to NZ$150M of Works bonds in NZ
Wednesday, 27 May 2009, 1:40 pm | Businesswire
May 27 - Australian construction firm Downer EDI Ltd. is offering to sell as much as NZ$150 million of three-year bonds in its Works Finance unit in New Zealand. More >>
Methven shares rise as earnings gain; dividend cut
Wednesday, 27 May 2009, 1:14 pm | Businesswire
May 27 – Methven Ltd. shares rose after the manufacturer of taps and bathroom fittings posted a 3.1% gain in annual profit, meeting its forecast, on a one-time tax gain and earnings contributions from its U.K. business. More >>
Fonterra forecasts payment drop on strong kiwi, US
Wednesday, 27 May 2009, 12:06 pm | Businesswire
May 27 – Fonterra Cooperative Group, the world’s largest dairy exporter, forecast a 13% drop in milk payments for the 2010 season, reflecting a stronger New Zealand dollar and the reintroduction of U.S. dairy subsidies. More >>
ANZ Bank to raise A$2.85B, eyes RBS assets in Asia
Wednesday, 27 May 2009, 11:20 am | Businesswire
May 27 – Australia & New Zealand Banking Group will raise A$2.85 billion in an underwritten share placement to institutions and a share purchase plan, strengthening its balance sheet as it prepares to bid for Asian assets of Royal Bank of Scotland ... More >>
Rakon earnings sink 59% as sales slide
Wednesday, 27 May 2009, 10:48 am | Businesswire
May 27 – Rakon Ltd., the maker of components for navigation systems, posted a 59% slump in earnings as the global economic downturn saps demand for high-end electronic goods. The company is planning to lift its investment China. More >>
Stocks to watch: FPA capital, Rakon profit drop
Wednesday, 27 May 2009, 9:55 am | Businesswire
May 27 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Kiwi gains on US confidence rebound
Wednesday, 27 May 2009, 9:52 am | Businesswire
May 27 – The New Zealand dollar gained after a rebound in U.S. consumer confidence lifted investor appetite for high-yielding, riskier assets, and U.S. stocks climbed. More >>
While you were sleeping: US consumers upbeat
Wednesday, 27 May 2009, 8:28 am | Businesswire
May 27 – Stocks on Wall Street, crude oil and copper rallied after U.S. consumer confidence jumped by the most in six years, stoking optimism the world’s biggest economy will lift out of its slump. More >>
MARKET CLOSE: NZ shares fall; F&P Healthcare dips
Tuesday, 26 May 2009, 5:44 pm | Businesswire
May 26 – New Zealand shares fell, pushing the NZX 50 Index down for a fourth straight day, after Fisher & Paykel Healthcare forecast profit that lagged behind expectations and Nuplex Industries sank. More >>
F&P Healthcare stock drops on profit outlook
Tuesday, 26 May 2009, 4:46 pm | Businesswire
May 25 – Fisher & Paykel Healthcare Corp. shares tumbled after the manufacturer of breathing masks and respirators forecast 2010 earnings that were lower than analysts had expected. More >>
NZ posts smaller-than-expected trade surplus
Tuesday, 26 May 2009, 12:51 pm | Businesswire
May 26 –New Zealand posted a smaller-than-expected trade surplus last month as the kiwi dollar gained and the global downturn sapped demand for exports of dairy products, crude oil and aluminium. More >>
F&P Healthcare posts 76% profit jump as kiwi falls
Tuesday, 26 May 2009, 11:13 am | Businesswire
May 26 - Fisher & Paykel Healthcare Ltd. posted a 76% jump in full-year profit as the weaker New Zealand dollar swelled the value of rising sales of respirators and breathing masks in the U.S. More >>
Stocks to watch: Haier-FPA speculation, Contact
Tuesday, 26 May 2009, 9:52 am | Businesswire
May 26 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar holds above 62 US cents on US outlook
Tuesday, 26 May 2009, 9:27 am | Businesswire
May 26 – The New Zealand dollar traded above 62 U.S. cents, a seven-month high, as concerns about the state of the U.S. economy spurs investors to eschew the greenback. More >>
While you were sleeping: Yen falls on N.Korea test
Tuesday, 26 May 2009, 8:20 am | Businesswire
May 26 – The yen fell against the U.S. dollar and the euro after North Korea conducted an underground nuclear test and launched three missiles, raising the threat to regional security and undermining the Hermit Kingdom’s return to six-party talks aimed at ... More >>
MARKET CLOSE: NZX 50 falls with Telecom, Fletcher
Monday, 25 May 2009, 9:08 pm | Businesswire
May 25 – New Zealand shares fell, led by Telecom Corp., as investors await results from its new network. Fletcher Building fell and Fisher & Paykel Appliances was halted pending an announcement about debt restructuring that may involve equity. More >>
NZ supply fears will fan power prices: analysts
Monday, 25 May 2009, 6:26 pm | Businesswire
Monday, 25 May 2009 - Electricity security fears will keep power prices high and cushion ongoing profits at so-called gentailers such as Contact Energy and Trustpower, say research reports from brokerages Forsyth Barr and Goldman Sachs JBWere. More >>
Auckland Airport domestic passengers decline
Monday, 25 May 2009, 3:20 pm | Businesswire
May 25 - Auckland International Airport overseas passenger numbers climbed last month, reflecting the positive impact of Easter, while domestic passengers fell on the impact on increased rivalry from Qantas Airways. More >>
