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Businesswire - Latest News [Page 43]
Delegat profit slumps 99% on write-downs
Friday, 27 August 2010, 11:10 am | Businesswire
Aug. 27 (BusinessDesk) – Delegat’s Group, the listed winemaker and international marketer, profit slumped 99% after it wrote down the value of its vines and grapes $11.8 million. More >>
South Canterbury in talks with new investor
Friday, 27 August 2010, 10:54 am | Businesswire
Aug. 27 (BusinessDesk) – South Canterbury Finance Ltd. had its securities halted from trading on the NZX debt market pending an announcement on a new investor. More >>
Steady year for Vector as broadband decision looms
Friday, 27 August 2010, 10:13 am | Businesswire
Aug. 27 (BusinessDesk) – Electricity and gas network owner Vector Ltd. reported steady earnings in the year to June 30, with underlying net profit up 4.3% to $172.6 million on a revenue increase of 1.1% to $1.19 billion. More >>
Fletcher Building to restructure finance unit
Friday, 27 August 2010, 9:57 am | Businesswire
Aug. 27 (BusinessDesk) – Fletcher Building Ltd. has announced that it is restructuring its self-funding vehicle into an investment company with a 20% stake in its New Zealand subsidiaries. More >>
NZ dollar climbs back over 70 cts before Bernanke
Friday, 27 August 2010, 9:44 am | Businesswire
Aug. 27 (BusinessDesk) – The New Zealand dollar climbed back over 70 U.S. cents as investors wait for the central bankers’ summit at Jackson Hole, where Federal Reserve chairman Ben Bernanke will kick of proceedings with a keynote speech on the ... More >>
Union Agriculture quits Farming Systems bid
Friday, 27 August 2010, 9:41 am | Businesswire
Aug. 27 (BusinessDesk) – Union Agriculture Group has quit the bidding for NZ Farming Systems Uruguay after rival suitor Olam International of Singapore trumped its price. More >>
Statutory manager airs more concerns over Hubbard
Friday, 27 August 2010, 9:28 am | Businesswire
Aug. 27 (BusinessDesk) – The government-appointed statutory manager over Timaru millionaire Allan Hubbard and part of his empire has flagged more concerns over the state of the businesses. More >>
Stocks to watch: AIA, FRE, GPG, MET, NPX, VCT
Friday, 27 August 2010, 9:18 am | Businesswire
Aug. 27 (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 >>
While you were sleeping: Bernanke, growth awaited
Friday, 27 August 2010, 8:22 am | Businesswire
Aug. 27 (BusinessDesk) – Investors are awaiting U.S. Federal Reserve Chairman Ben Bernanke’s address at the central bank’s annual forum in Jackson Hole, Wyoming, on Friday where he may give more signals of a return to quantitative easing. More >>
Metlifecare returns to profit on valuation uplift
Thursday, 26 August 2010, 6:23 pm | Businesswire
Aug. 26 (BusinessDesk) – Metlifecare, the retirement village operator, announced a profit of $67.5 million from a year-earlier loss, saying an increase in the value of property contributed to the gain. More >>
MARKET CLOSE: NZ stocks rise on earnings strength
Thursday, 26 August 2010, 6:00 pm | Businesswire
Aug 26 (BusinessDesk) – New Zealand stocks rose for the third time in four sessions, as a spate of better than expected corporate earnings lifted the market into positive territory. Nuplex Industries Ltd. led gains on the bourse, surging to a three-month ... More >>
Kordia returns to profit, looks to Australia
Thursday, 26 August 2010, 4:22 pm | Businesswire
by Paul McBeth Aug. 26 (BusinessDesk) – Kordia Group, the state-owned telecommunications and media company, returned to profit this year and is looking for opportunities in the Australian federal National Broadband Network project. More >>
PGC’s wealth management isn't a started for merger
Thursday, 26 August 2010, 3:42 pm | Businesswire
Aug. 26 (BusinessDesk) – Pyne Gould Corp.’s wealth management businesses won’t automatically go into the proposed merger to create a listed bank, chief executive Jeff Greenslade told analysts in Christchurch. More >>
Hellaby profit surges ahead of rights issue
Thursday, 26 August 2010, 3:23 pm | Businesswire
Aug. 26 (BusinessDesk) – Hellaby Holdings said profit surged as it cut costs, which may encourage shareholders to participate in the diversified investment group’s discounted $28.4 million capital raising. More >>
Lyttelton ‘fully committed’ to Otago merger talks
Thursday, 26 August 2010, 3:10 pm | Businesswire
Aug. 26 (BusinessDesk) – Lyttelton Port Co. has reiterated its commitment to merger talks with Port of Otago while posting weaker full-year earnings that it says masks a second-half recovery. More >>
Ebos produces cracker result, shares gain
Thursday, 26 August 2010, 3:00 pm | Businesswire
Aug. 26 (BusinessDesk) – Ebos Group broke the gloom of a lacklustre reporting season today with an 18% jump in net profit to $23.4 million in the year to June 30, and a claim the group is “in the best operating shape in (its) corporate history.” More >>
Polybatics on verge of deal for nanotech payloads
Thursday, 26 August 2010, 12:59 pm | Businesswire
August 25 (BusinessDesk) – Polybatics Ltd., a biotech company that counts Warehouse founder Stephen Tindall among its investors, is on the verge of signing a deal to commercialise the use of ‘stressed-out’ bacteria to deliver nanotech payloads. More >>
Windfarms posts $7.6 mln loss, trims 2011 forecast
Thursday, 26 August 2010, 12:29 pm | Businesswire
Aug. 26 (BusinessDesk) – NZ Windfarms Ltd., the listed Manawatu turbine electricity generator, posted a bigger-than-expected loss this year, and has trimmed back its earnings forecast for next year. The shares dropped 4.5% to 22 cents. More >>
Cavotec profit up 3.5%, bullish on outlook
Thursday, 26 August 2010, 11:21 am | Businesswire
Aug. 26 (BusinessDesk) - Cavotec MSL Holdings, the global engineering group and owner of Christchurch-based MoorMaster, has posted a 3.5% increase in first-half earnings and said it looks set to return to 2008 profit levels as its markets recover. More >>
Pyne Gould confirms return to profitability
Thursday, 26 August 2010, 11:14 am | Businesswire
Aug. 26 (BusinessDesk) – Pyne Gould Corp., which is trying to merge its finance unit with two rivals to set up a listed bank, confirmed its return to profitability, and said it’s reviewing its dividend policy. More >>
