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Businesswire - Latest News [Page 255]
Silver Fern Rejects PGW Overtures
Wednesday, 18 February 2009, 3:27 pm | Businesswire
Feb 18. – Silver Fern Farms has rejected PGG Wrightson’s attempt to settle last year’s failed merger with a $10 million compensation package. More >>
Simple Prospectus Law Introduced
Wednesday, 18 February 2009, 3:12 pm | Businesswire
Feb 18. – Commerce Minister Simon Power today introduced legislation to Parliament that is intended to allow lower-cost capital-raising, including the creation of a simplified format for investment prospectuses. More >>
Vector profit jumps on asset sales
Wednesday, 18 February 2009, 2:40 pm | Businesswire
Nov. 5 – Vector Ltd., New Zealand’s No. 2 electricity and gas distributor, posted a four-fold increase in first-half profit on a gain in the sale of its Wellington power network. More >>
May 28 for NZ Budget
Wednesday, 18 February 2009, 12:12 pm | Businesswire
Finance Minister Bill English announced that he will deliver his first Budget for the current administration on Thursday, May 28. More >>
While you were sleeping: U.S. stocks drop again
Wednesday, 18 February 2009, 10:55 am | Businesswire
Feb. 18 – Stocks tumbled on Wall Street, led by banks after Moody’s Investors Service said it may downgrade firms with units in Eastern Europe, where it expects the recession to be more severe. General Motors tumbled before its release of restructuring ... More >>
NZ dollar drops: further weakness expected
Wednesday, 18 February 2009, 10:50 am | Businesswire
Feb. 18 – The New Zealand dollar dropped below 51 U.S. cents for the first time in two weeks after American stocks tumbled on growing fears the recession is intensifying, and prices for raw materials slumped on dwindling demand. More >>
Strong result for Opus
Wednesday, 18 February 2009, 10:46 am | Businesswire
Feb. 18 - Opus International Consultants, an infrastructure advisory firm, posted a 23% gain in annual profit, beating its prospectus forecast, on demand from the transport sector. More >>
Tourism Holdings shares slump on result
Wednesday, 18 February 2009, 10:43 am | Businesswire
Feb. 18 – Shares of Tourism Holdings Ltd., New Zealand’s largest tourism operator, tumbled after the company posted a first-half loss and suspended its dividend payment. More >>
Stocks to Watch: Feb. 18
Wednesday, 18 February 2009, 10:39 am | Businesswire
Feb. 18 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
MARKET CLOSE: NZ stocks fall
Tuesday, 17 February 2009, 6:39 pm | Businesswire
Feb. 17 – New Zealand stocks fell for a second day as Nuplex Industries extended its slide amid concern the specialty chemicals company’s balance sheet will weaken as earnings abate. Fisher & Paykel Appliances jumped 11%, clawing back some of ... More >>
Moody's Downgrades Telecom NZ
Tuesday, 17 February 2009, 4:08 pm | Businesswire
Feb 17. – Moody’s Investor Services downgraded Telecom New Zealand Ltd yesterday, from A-2/P-1 to A3/P2, citing multiple challenges for the market-dominant telco. More >>
Tower ahead in first four months - Gibbs
Tuesday, 17 February 2009, 11:23 am | Businesswire
Feb. 17 – Tower Ltd.’s trading in the first four months of the year is ahead of the year-earlier period, helped by a slide in interest rates, which has allowed the group to revalue policyholder liabilities. More >>
While you were sleeping: Europe stocks fall
Tuesday, 17 February 2009, 10:35 am | Businesswire
Feb. 17 – Stocks fell across Europe after Japan reported an economic slump, the U.K. faced the prospect of its worst downturn in 30 years and losses at Lloyds Banking Group’s HBOS unit drove financials lower. More >>
NZ dollar extends slide on falling stocks
Tuesday, 17 February 2009, 10:28 am | Businesswire
By Paul McBeth Feb. 17 – The New Zealand dollar extended its slide as falling stocks in Europe and Asia, and weak data out of Japan, continued to encourage investors to shy away from higher-yielding, or riskier, assets. More >>
Stocks to Watch: F&P Appliances may need bailout
Tuesday, 17 February 2009, 10:10 am | Businesswire
Feb. 17 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ services industry index falls to record low
Monday, 16 February 2009, 6:19 pm | Businesswire
Feb. 16 - New Zealand's services industry contracted for the tenth straight month in January as activity levels and employment weakened. More >>
Market Close: Biggest Drop This Year for NZX
Monday, 16 February 2009, 6:16 pm | Businesswire
Feb. 16 – New Zealand shares fell, driving the NZX 50 Index to its biggest decline this year, after Fisher & Paykel Appliances said it may have to raise more capital to counter surging debt and dwindling earnings. More >>
Freightways profit gains 1% on rising costs
Monday, 16 February 2009, 11:35 am | Businesswire
Feb. 16 – Freightways Ltd., a transport and logistics company, posted a 1% rise in half-year profit as a gain in sales was offset by increasing costs. More >>
F&P Appliances plummets 38% on capital raising
Monday, 16 February 2009, 11:33 am | Businesswire
Feb. 16 – Fisher & Paykel Appliances tumbled 35% to a record low after the company said it may sell shares to bolster its balance sheet as debt levels rise and profit growth stalls. More >>
Stocks to Watch: F&P Appliance at record low
Monday, 16 February 2009, 11:31 am | Businesswire
Themes of the day: Shares of the U.K.’s Lloyds Banking Group sank 32% on Friday after the bank said its HBOS unit had a pretax loss of 8.5 billion pounds last year, stoking speculation it will need more government assistance. Crude oil for March ... More >>
