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Businesswire - Latest News [Page 253]
APN News posts 2008 loss on NZ impairment
Wednesday, 25 February 2009, 3:02 pm | Businesswire
Feb. 25 – APN News & Media, the company that’s 39.1% owned by Ireland’s Independent News & Media, posted a full-year net loss after writing down the value of its New Zealand businesses. More >>
NZ Oil & Gas profit jumps 30% on forex gain, sales
Wednesday, 25 February 2009, 12:22 pm | Businesswire
Feb. 25 – New Zealand Oil & Gas said first-half profit jumped 30% on a one-time foreign exchange gain and increased sales. More >>
Port of Tauranga says profit growth may stall
Wednesday, 25 February 2009, 10:20 am | Businesswire
Feb. 25 – Port of Tauranga Ltd., the nation’s biggest export port, posted a 10% gain in first-half earnings on higher freight volumes, while warning that full-year earnings growth may stall in the face of the global economic downturn. More >>
NZ dollar gains, may extend advance
Wednesday, 25 February 2009, 10:15 am | Businesswire
Feb. 25 – The New Zealand dollar rose after U.S. Federal Reserve Chair Ben Bernanke hosed down concern about nationalisation of banks, helping stocks rally on Wall Street and stoking investor appetite for high yielding, or riskier, assets. More >>
Stocks to Watch: Port Tauranga, NZOG profits rise
Wednesday, 25 February 2009, 10:07 am | Businesswire
Feb. 25 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Overnight: Bernanke calms banks; Dow rallies
Wednesday, 25 February 2009, 10:03 am | Businesswire
Feb. 25 – U.S. Federal Reserve Chairman Ben Bernanke soothed concern about the prospect of nationalized banks, saying the country would seize lenders only if they lurched into deeper losses. More >>
MARKET CLOSE: NZX 50 drops
Tuesday, 24 February 2009, 8:26 pm | Businesswire
Feb. 24 – New Zealand shares fell, pushing the NZX 50 Index to a new five-year low, as shares of Tourism Holdings, Cavalier Corp. and Fisher & Paykel Appliances sank amid concern weaker balance sheets give companies less of the buffer in the ... More >>
Caygill 'welcomes' review of Elec. Commission
Tuesday, 24 February 2009, 8:24 pm | Businesswire
Electricity Commission chairman David Caygill is welcoming the review of electricity sector governance announced by Energy Minister Gerry Brownlee today – but wants it to be over quickly. More >>
ASB offers fund to create & protect employment
Tuesday, 24 February 2009, 8:19 pm | Businesswire
Feb. 24 – ASB Bank Ltd., the New Zealand unit of Commonwealth Bank of Australia, said it will establish an NZ$1 billion loan fund at below market rates, to provide funds for businesses with potential to create jobs. More >>
US stores hurt Pumpkin Patch
Tuesday, 24 February 2009, 11:49 am | Businesswire
By Paul McBeth Feb. 24 – Pumpkin Patch Ltd., the maker of children’s wear, posted a drop in first-half profit as weak figures out of its U.S. stores dragged down its overall performance. More >>
NZ dollar pares gain
Tuesday, 24 February 2009, 11:47 am | Businesswire
Feb. 24 – The New Zealand dollar pared gains as stocks in the U.S. fell amid fears of a prolonged global recession. More >>
While you were sleeping: Prolonged slump feared
Tuesday, 24 February 2009, 11:44 am | Businesswire
Feb. 24 – Stocks on Wall Street fell led by tech companies such as Intel Inc. and Hewlett-Packard amid fears the world’s largest economy faces a prolonged recession. More >>
Stocks to Watch: Profits fall at Contact, Pumpkin
Tuesday, 24 February 2009, 11:42 am | Businesswire
Feb. 24 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Contact Energy profit slumps 79%
Tuesday, 24 February 2009, 11:39 am | Businesswire
Feb. 24 – Contact Energy Ltd., which generates about 28% of New Zealand’s electricity, posted a 79% slump in first-half profit, saying constraints on the national grid stymied its efforts to respond to climatic challenges. More >>
New National Energy Policy – Hard Road for EC
Tuesday, 24 February 2009, 11:21 am | Businesswire
The Electricity Commission faces a serious challenge to its existence from a Ministerial working party announced this morning by Energy Minister Gerry Brownlee at the National Power Conference in Auckland. More >>
SkyCity earnings fall, dividends reduced
Monday, 23 February 2009, 10:59 am | Businesswire
Feb. 23 – SkyCity Entertainment Group, the country’s biggest casino operator, posted a drop in earnings before one-time items as the deteriorating economy squeezed its profit margin. The company is reducing the ratio of profit it pays as dividends. More >>
NZX full-year profit rises 17%
Monday, 23 February 2009, 10:56 am | Businesswire
Feb. 23 – NZX Ltd., manager of the New Zealand stock exchange, posted a 17% increase in first-half profit, trimming expenses as trading volumes fell. More >>
NZ dollar gains from three week low
Monday, 23 February 2009, 10:39 am | Businesswire
Feb. 23 – The New Zealand dollar rose from a three-week low before U.S. economic data that’s expected to show a deteriorating climate. More >>
Stocks to Watch: NZX profit up 17%, F&P record low
Monday, 23 February 2009, 10:35 am | Businesswire
Feb. 23 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Property for Industry posts full-year loss
Monday, 23 February 2009, 10:29 am | Businesswire
Feb. 23 – Property for Industry, the investment group managed by AMP Capital Investors, posted a full-year net loss after lowering the value of its portfolio by 10%. More >>
