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Businesswire - Latest News [Page 247]
Big shoes need filling at Commerce Commission
Monday, 16 March 2009, 6:38 pm | Businesswire
March 16 - The Government has made a temporary appointment to chair the Commerce Commission following a decision by the current chair, Paula Rebstock, to step down. More >>
MARKET CLOSE: NZ Farming Systems, Cavalier gain
Monday, 16 March 2009, 6:34 pm | Businesswire
March 16 – New Zealand shares rose, pushing the NZX 50 Index higher for a second day, as Group of 20 finance ministers pledged to step up efforts to revive global growth, helping underpin sentiment for equities. More >>
NZ Farming Systems gains credit rating with Fitch
Monday, 16 March 2009, 5:20 pm | Businesswire
March 16 - NZ Farming Systems Uruguay (NZS) has obtained an A- (uy) investment grade credit rating from Fitch Ratings in a key step towards rebuilding its debt-raising plans. The shares jumped 14%. More >>
Pike River delays to reduce revenue for early coal
Monday, 16 March 2009, 5:12 pm | Businesswire
March 16 – Pike River Coal, the mining company seeking to raise NZ$45 million selling shares to tide it over until coal sales start, said delays are likely to reduce revenue for early shipments. More >>
NZ manufacturing sales fall, pointing to weak GDP
Monday, 16 March 2009, 4:13 pm | Businesswire
March 16 - New Zealand manufacturing sales tumbled in the fourth quarter, suggesting the economy may have contracted at a faster pace than the central bank was forecasting last week. More >>
Pike River, raising funds, has stock halted
Monday, 16 March 2009, 3:50 pm | Businesswire
March 16 – Pike River Coal, the mining company raising NZ$45 million by selling shares to cover unforeseen costs until it can produce coal, had its stock halted from trading pending an announcement. More >>
Briscoe profit drops 48% as margins squeezed
Monday, 16 March 2009, 3:40 pm | Businesswire
March 16 – Briscoe Group Ltd., the operator of homeware, Rebel sports goods, Urban Loft and Living & Giving chains, posted a 48% drop in full-year profit and cut its dividend as the economic downturn squeezed margins. More >>
NZ services industry index gains from record low
Monday, 16 March 2009, 12:34 pm | Businesswire
March 16 - New Zealand's services industry edged up from a record slump in February, while remaining in contraction for the 11th straight month, with activity levels weak. More >>
SkyCity says Australian sales gain lifts prospects
Monday, 16 March 2009, 12:10 pm | Businesswire
March 16 – SkyCity Entertainment Group, New Zealand’s biggest casino operator, said a jump in Australian revenue so far in the second half buoys the prospects for 2009 earnings. More >>
Nuplex wins bank support, to raise NZ$110 mln
Monday, 16 March 2009, 10:17 am | Businesswire
March 16 – Nuplex Industries gained approval from its banks to amend terms of its loan covenants and announced plans to raise NZ$110 million selling shares to help repay debt. More >>
NZ dollar holds near 4-week high on G-20 pledges
Monday, 16 March 2009, 10:12 am | Businesswire
March 16 – The New Zealand dollar held near a four-week high as finance ministers from the 20 biggest economies pledged to “take whatever action is necessary until growth is restored,” helping underpin investor interest in high-yielding, or riskier, ... More >>
Stocks to Watch: Tower ruling, F&P Appliances loan
Monday, 16 March 2009, 9:59 am | Businesswire
Stocks to Watch: Tower ruling, F&P Appliances loan reprieve March 16 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: G-20, OPEC production
Monday, 16 March 2009, 8:57 am | Businesswire
March 15 – G-20 finance and central bank chiefs pledged to bolster the International Monetary Fund’s resources to battle the worst economic slump since the 1930s. More >>
Mixed Fortunes for Energy SOE's At Half-Year
Friday, 13 March 2009, 6:50 pm | Businesswire
March 13 - The energy SOE's produced mixed results for the half-year to December 31, 2008, reflecting a combination of high wholesale electricity prices, expanded generation portfolios, slumping export orders, and the variable impact of new international ... More >>
Tower retains rights to ANZ National policies
Friday, 13 March 2009, 6:23 pm | Businesswire
March 13 – Tower Ltd. has retained the right to sell insurance to customers of ANZ National Bank and ING (NZ) after the lender sought a court ruling to prevent policies being renewed while it lined up a rival underwriter, Vero Insurance. More >>
F&P Appliances gains waiver, new NZ$80M facility
Friday, 13 March 2009, 6:04 pm | Businesswire
March 13 – Fisher & Paykel Appliances, the manufacturer whose shares have tumbled 60% this year as profit growth stalled and debt levels rose, said it had gained waivers from its banks and agreed to a short-term NZ$80 million loan facility. More >>
MARKET CLOSE: NZX 50 gain; Rakon jumps, Pike rises
Friday, 13 March 2009, 5:21 pm | Businesswire
March 13 – New Zealand shares rose, led by Rakon Ltd., after Wall Street’s rally spilled into Asia on optimism U.S. banks will recover and the world’s biggest economy will climb out of a prolonged slump. More >>
Babcock & Brown calls in administrators after vote
Friday, 13 March 2009, 3:21 pm | Businesswire
March 13 - Babcock & Brown Ltd., the Australian investment group whose debt-funded acquisition strategy crashed with the credit crunch, called in administrators after New Zealand investors voted against a restructuring plan. More >>
Joan Withers resigns as Fairfax Media NZ chief
Friday, 13 March 2009, 1:57 pm | Businesswire
March 13 – Joan Withers resigned as head of Fairfax Media’s New Zealand operations after almost five years in the job. More >>
NZ retail sales unexpectedly drop 1.1% on autos
Friday, 13 March 2009, 1:11 pm | Businesswire
March 13 – New Zealand retail sales unexpected fell in January, led by fuel and automobiles, suggesting a rising jobless rate is denting consumer confidence amid the prolonged recession. More >>
