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Businesswire - Latest News [Page 44]
NZOG has $3.3m loss, looks beyond NZ for growth
Thursday, 26 August 2010, 11:07 am | Businesswire
Aug. 16 (BusinessDesk) – Exploration costs and declining revenues from the Tui oil and gas field were the primary reasons for New Zealand Oil & Gas Ltd. reporting a $3.3 million loss in the year to June 30, announced this morning. More >>
Tourism Holdings profit jumps 59%
Thursday, 26 August 2010, 10:59 am | Businesswire
Aug. 25 (BusinessDesk) – Tourism Holdings Ltd. has announced a 59% lift in net profit as a turnaround strategy launched 18 months ago finally kicks in. More >>
Air NZ normalised earnings meet forecast
Thursday, 26 August 2010, 10:51 am | Businesswire
Aug. 26 (BusinessDesk) - Air New Zealand Ltd., the national carrier, has posted normalised earnings before tax of $137 million for the year to June 30, broadly in line with expectations. More >>
Nuplex profit beats guidance, shares climb
Thursday, 26 August 2010, 10:47 am | Businesswire
Aug. 26 (BusinessDesk) – Nuplex Industries Ltd. posted full-year profit that beat its guidance after the specialty chemicals maker fattened is margins, especially on sales of resins in Europe. Its shares rose to a three-month high. More >>
NZX finally puts start date on dairy futures trade
Thursday, 26 August 2010, 9:57 am | Businesswire
Aug. 26 (BusinessDesk) – NZX Ltd., which operates the stock exchange, will launch dairy futures trading four months after it initially flagged a start date. More >>
Telecom may get regulatory freedom on resales
Thursday, 26 August 2010, 9:47 am | Businesswire
Aug. 26 (BusinessDesk) – Telecom Corp., which is fighting to get a share of the government’s $1.35 billion fund to roll-out high-speed internet, is set to get the freedom to set the terms for its resale services More >>
Stocks to watch: AIR, ALF, AIA, CCC, GPG, MHI, NZS
Thursday, 26 August 2010, 9:35 am | Businesswire
Aug. 26 (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 >>
NZ dollar drops below 70 cts on dwindling yields
Thursday, 26 August 2010, 9:15 am | Businesswire
Aug. 26 (BusinessDesk) – The New Zealand dollar dropped below 70 U.S. cents for the first time in seven weeks on expectations the central bank will slow its interest rate increases, dimming the appeal of the currency’s yield. More >>
Olam obtains consent to purchase Farming Systems
Thursday, 26 August 2010, 9:10 am | Businesswire
August 26 (BusinessDesk) – Olam International, the suitor for NZ Farming System Uruguay’s shares, has obtained Overseas Investment Office consent to take over the NZX-listed company. More >>
GPG says farewell to NZ as it returns to profit
Thursday, 26 August 2010, 8:52 am | Businesswire
Aug. 26 (BusinessDesk) – Guinness Peat Group has closed its New Zealand office, saying the nation where chairman Ron Brierley cut his teeth as a corporate raider holds “little or no opportunities” for the investment company. More >>
While you were sleeping: Momentum hard to find
Thursday, 26 August 2010, 7:19 am | Businesswire
August 26 (BusinessDesk) - U.S. equities rose, recovering from earlier losses, as investors found some value in beaten-down stocks. More >>
MARKET CLOSE: NZX50 falls amid recession fears
Wednesday, 25 August 2010, 5:58 pm | Businesswire
Aug. 25 (BusinessDesk) – New Zealand stocks fell for the first time in three sessions, as Australian banks ANZ Banking Group and Westpac Banking Corp. led the index lower amid heightened fears over a double-dip recession in the U.S. More >>
Allied Farmers to renegotiate bank facility
Wednesday, 25 August 2010, 5:42 pm | Businesswire
Aug. 25 (BusinessDesk) – Allied Farmers Ltd., the embattled financier and rural services provider, will renegotiate the terms of its bank facility in the fall-out of its subsidiary, Allied Nationwide’s, receivership. More >>
Five Star Finance directors face 100 charges
Wednesday, 25 August 2010, 4:07 pm | Businesswire
Aug. 25 (BusinessDesk) – The Serious Fraud Office has laid more than 100 charges against four former directors of failed lender Five Star Finance Ltd. carrying a maximum penalty of seven years apiece. More >>
Piek River loss widens ahead of hydro-mining start
Wednesday, 25 August 2010, 1:17 pm | Businesswire
Aug. 25 (BusinessDesk) - Pike River Coal's annual net loss widened, reflecting the continued development of its West Coast mine. More >>
Transpower omits as major projects roll on
Wednesday, 25 August 2010, 12:57 pm | Businesswire
Aug. 25 (BusinessDesk) – State-owned electricity network monopoly operator Transpower Ltd won’t be paying a dividend to the government this year, despite a 4.6% improvement in profit for the year to June 30. More >>
Kiwi brain drain costs US$10K apiece: World Bank
Wednesday, 25 August 2010, 12:50 pm | Businesswire
Aug. 25 (BusinessDesk) – New Zealand’s best and brightest expatriates are costing the country US$10,000 apiece through foregone tax and costs of government services such as education, according to World Bank research. More >>
UPDATE: Emma Hill on family bid to control MHI
Wednesday, 25 August 2010, 12:36 pm | Businesswire
Aug. 25 (BusinessDesk) - A spokesperson for the Hill family, which owns a 48% of listed specialist jeweller Michael Hill International Ltd., confirmed today that it is looking to take advantage of the depressed share price to acquire a controlling ... More >>
Hill family moves to lift control of Michael Hill
Wednesday, 25 August 2010, 11:31 am | Businesswire
Aug. 25 (BusinessDesk) – The founders of jewellery retailer Michael Hill International Ltd. are planning to consolidate their shareholdings in the NZX-listed company as part of a bid to gain voting control. More >>
Skellerup lifts profit after second-half recovery
Wednesday, 25 August 2010, 11:19 am | Businesswire
Aug. 25 (BusinessDesk) – Skellerup Holdings Ltd. posted full-year profit that beat its guidance after a recovery in second-half trading and forecast increased earnings for 2011. More >>
