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Businesswire - Latest News [Page 42]
NZ posts bigger-than-expected July trade deficit
Monday, 30 August 2010, 12:15 pm | Businesswire
Aug. 30 (BusinessDesk) – New Zealand posted a bigger-than-expected merchandise trade deficit last month as exports fell, stoking concern the key drivers of dairy products and forest products may be coming off the boil. More >>
Genesis Energy beats forecast with $69M profit
Monday, 30 August 2010, 11:27 am | Businesswire
Aug. 30 (BusinessDesk) – Genesis Energy Ltd. reported a better than forecast net profit after tax for the year to June 30 of $69 million, thanks to favourable wholesale market hedge settlements and cost savings initiatives, chief executive Albert Brantley ... More >>
WEEKLY SPORTS DIGEST: Wallabies give it away
Monday, 30 August 2010, 10:45 am | Businesswire
30/08/10 Executive sport summary – An overview of the major sporting events – Results, key moments and talking points – Everything you need to know to foot it at the water cooler this week. More >>
Cynotech sells Findata holding; report tagged
Monday, 30 August 2010, 10:38 am | Businesswire
Aug. 30 (BusinessDesk) – Cynotech Holdings, the finance vehicle controlled by 1980s high-flyer Allan Hawkins, sold its holding in Findata Ltd., according to an annual report that was tagged by the auditor. More >>
South Canterbury expects to name investor tomorrow
Monday, 30 August 2010, 10:27 am | Businesswire
Aug. 30 (BusinessDesk) – South Canterbury Finance Ltd., Allan Hubbard’s beleagured finance company, expects to announce plans for recapitalising and restructuring the firm tomorrow, the deadline on a waiver for its trust deed breach. More >>
Strategic book value deficit put at $195.5M
Monday, 30 August 2010, 10:20 am | Businesswire
Aug. 30 (BusinessWire) – Strategic Finance Ltd., placed in receivership in March and liquidation in July, has a book value deficit of $195.5 million, according to the first report from the liquidators. More >>
Stocks to watch: FPH, NTH, NZS, SKC, SKT, TEL
Monday, 30 August 2010, 9:41 am | Businesswire
Aug. 30 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. More >>
Sky City may spend $250M on Adelaide casino
Monday, 30 August 2010, 9:31 am | Businesswire
Aug. 30 (BusinessDesk) - Sky City Entertainment Group may spend as much as $250 million on its Adelaide Casino complex as part of the state government’s riverfront development plans. More >>
NZ dollar climbs after Bernanke comments
Monday, 30 August 2010, 9:09 am | Businesswire
Aug. 30 (BusinessDesk) – The New Zealand dollar climbed by almost 1 cent after Federal Reserve chairman Ben Bernanke said he’d print more money if the U.S. economy deteriorated significantly, stoking investors’ appetite for riskier, or higher-yielding, ... More >>
Redgroup gains waiver for covenant breaches
Monday, 30 August 2010, 9:01 am | Businesswire
Aug. 30 (BusinessDesk) – Redgroup Retail, the owner of the Whitcoulls and Borders book stores, gained a waiver for breaches to its banking covenants and said chairman Rod Walker will step down. More >>
World Week Ahead: How to revive growth
Monday, 30 August 2010, 7:51 am | Businesswire
Aug. 30 (BusinessDesk) – U.S. data due out this week may do little to ease concerns that the world’s biggest economy is stumbling. More >>
EXCLUSIVE: Three bidders eye South Canterbury
Sunday, 29 August 2010, 4:27 pm | Businesswire
Aug. 29 (BusinessDesk) – Three private bidders are seeking to invest in South Canterbury Finance, the chief executive of the beleaguered Timaru finance company, Sandy Maier, says. More >>
Government won’t help, says Allan Hubbard
Friday, 27 August 2010, 7:54 pm | Businesswire
Aug. 27 (BusinessDesk) – The fate of South Canterbury Finance hangs in the balance this weekend, with just four days until a waiver on its trust deed expires next Tuesday, Aug. 31. More >>
MARKET CLOSE: NZ share fall as UAG pulls NZS offer
Friday, 27 August 2010, 6:07 pm | Businesswire
Aug. 27 (BusinessDesk) – New Zealand shares fell for the second time in three sessions, on news that one of the bidders for NZ Farming Systems Uruguay had withdrawn its bid, taking the steam out of a potential bidding war with Olam International, which ... More >>
F&P Healthcare projects flat earnings
Friday, 27 August 2010, 5:17 pm | Businesswire
Aug. 27 (BusinessDesk) – Fisher & Paykel Healthcare Ltd. is projecting flat profits this year, thanks mainly to the strong New Zealand dollar. More >>
Hart’s Reynolds posts 1H loss as margins shrink
Friday, 27 August 2010, 5:01 pm | Businesswire
Aug. 27 (BusinessDesk) – Graeme Hart’s packaging company Reynolds Group, which has bid US$6 billion for Pactiv Group, posted a first-half loss as rising production costs squeezed its margins. More >>
Securities Commission warns on unsolicited offers
Friday, 27 August 2010, 12:59 pm | Businesswire
Aug. 27 (BusinessDesk) –The Securities Commission has warned investors about unsolicited share offers following a successful low-ball offer by Carrington Securities for stock in property company DNZ Property Fund Ltd. More >>
TVNZ lifts underlying earnings by 28%
Friday, 27 August 2010, 12:49 pm | Businesswire
Aug. 27 (BusinessDesk) – State-owned Television New Zealand Ltd. posted a 28% increase in underlying earnings and announced a bigger dividend payment to the government after reining in costs to make up for a drop in revenue. More >>
Northland Port profit rises on higher log volumes
Friday, 27 August 2010, 12:20 pm | Businesswire
Aug. 27 (BusinessDesk) - Northland Port Corp., the port and infrastructure investment holding company, has reported a 16% rise in net profit for the year to June 30, on the back of improved log volumes at the port of Marsden Point More >>
Solid Energy bounces back in second half
Friday, 27 August 2010, 11:14 am | Businesswire
Aug. 27 (BusinessDesk) – State-owned coal miner Solid Energy Ltd. bounced back strongly in the second half of the year to June 30, recording a tax-paid profit for the year of $67.8 million. More >>
