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Businesswire - Latest News [Page 45]
Stocks to watch: CHA, DNZ, NZS, PGW, SKL, TLS
Wednesday, 25 August 2010, 9:14 am | Businesswire
Aug. 25 (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 sinks to 13-month low vs yen
Wednesday, 25 August 2010, 9:11 am | Businesswire
Aug. 25 (BusinessDesk) – The New Zealand dollar sank to a 13-month low against the yen as investors spurned Euro and the greenback amid fears of a double-dip recession. More >>
While you were sleeping: Record drop in home sales
Wednesday, 25 August 2010, 7:03 am | Businesswire
August 25 (BusinessDesk) - Equities on Wall Street and across Europe fell after a U.S. home sales report disappointed even the most pessimistic forecasters, heightening ever-growing concern about the outlook for the world’s largest economy. U.S. Treasuries ... More >>
MARKET CLOSE: NZ stocks rise, led by NZS, PGW
Tuesday, 24 August 2010, 6:00 pm | Businesswire
MARKET CLOSE: NZ stocks up; lifted by Olam’s 70 cents-a-share offer for Farming Systems More >>
NZ business managers see increased inflation
Tuesday, 24 August 2010, 5:19 pm | Businesswire
Aug. 24 (BusinessDesk) – New Zealand business managers expect inflation will accelerate short-term, reflecting the impact of the increase in goods and services tax and other imposts, according to the central bank’s survey of expectations. More >>
Marac merger needs sign-off from all stakeholders
Tuesday, 24 August 2010, 5:17 pm | Businesswire
Aug. 24 (BusinessDesk) – The proposed merger of Pyne Gould Corp.’s Marac Finance with Canterbury Building Society and Southern Cross Building Society will need to get approval from shareholders, bondholders and depositors to get over the line. More >>
Dorchester Pacific raises $10.3 mln
Tuesday, 24 August 2010, 3:51 pm | Businesswire
Aug. 24 (BusinessDesk) - Dorchester Pacific Ltd., which kept receivers at bay by convincing investors to accept a grab-bag of securities in exchange for their debentures and notes, today said it raised $10.3 million through the offer. More >>
Olam's enhanced Farming Systems offer woos ACC
Tuesday, 24 August 2010, 3:30 pm | Businesswire
Aug. 24 (BusinessDesk) – Olam International will lift its stake in NZ Farming Systems Uruguay to almost 37% after raising its takeover offer to 70 cents a share, winning agreement from Accident Compensation Corp. to sell its 7% stake in the South American ... More >>
Fairness of KiwiSaver top-ups in SWG's sights
Tuesday, 24 August 2010, 3:30 pm | Businesswire
Aug. 24 (BusinessDesk) - KiwiSaver’s tendency to favour higher income earners will form part of the review of national savings policy, Finance Minister Bill English said today, announcing the new Savings Working Group. More >>
Local govts scolded for borrowing too much
Tuesday, 24 August 2010, 3:15 pm | Businesswire
Aug. 24 (BusinessDesk) – Local governments’ long term planning still too often lacks financial strategies to deliver desired outcomes, with total council debt forecast to double during the 2009-19 period covered by the latest clutch of long term council ... More >>
Charlie's tops own record profit forecast
Tuesday, 24 August 2010, 2:35 pm | Businesswire
Aug. 24 (BusinessDesk) - Juice and soft drinks company Charlie's Group topped its own record profit forecast on record sales in the year ended June 30. More >>
Auckland airport busier in July
Tuesday, 24 August 2010, 1:33 pm | Businesswire
Auckland International Airport (AIA) says international passenger traffic excluding transits was up 4.9% in July compared with a year earlier while numbers of domestic passengers grew 5%. More >>
AWE burns A$113m on unsuccessful exploration
Tuesday, 24 August 2010, 1:32 pm | Businesswire
Aug. 24 (BusinessDesk) - Tui oilfield participant AWE Ltd. expressed disappointment today about the lack of success in its high profile season of exploration in New Zealand, Australia, and Indonesia. More >>
Zintel Group looks to main NZX board
Tuesday, 24 August 2010, 1:17 pm | Businesswire
Aug. 24 (BusinessDesk) – Zintel Group Ltd., a provider of telecommunications tools on both sides of the Tasman Sea, said it is considering a move to the main NZX board from the NZAX small cap and start-ups board to lift liquidity and boost its profile. More >>
Cue turns to profit as production income rises
Tuesday, 24 August 2010, 12:56 pm | Businesswire
Aug. 24 (BusinessDesk) - Oil and gas company Cue Energy Resources turned to profit as production income ramped up 80% in the year ended June 30. More >>
OIO approves sale of Cedenco to Japan’s CDC Foods
Tuesday, 24 August 2010, 12:52 pm | Businesswire
Aug. 24 (BusinessDesk) – New Zealand’s Overseas Investment Office (OIO) has given the thumbs up to the sale of Cedenco Foods to Japan’s CDC Foods Ltd. More >>
Savings Group to mull compulsory KiwiSaver
Tuesday, 24 August 2010, 11:57 am | Businesswire
Aug. 24 (BusinessDesk) – The government’s newly announced Savings Working Group will consider the benefits of compulsory KiwiSaver and changing the tax treatment on savings. More >>
ING Property sees ‘challenging’ year ahead
Tuesday, 24 August 2010, 11:52 am | Businesswire
Aug. 24 (BusinessDesk) – ING Property Trust, the listed property manager, said it sees challenging times ahead for New Zealand’s property market, particularly in the commercial office sector. More >>
Olam hikes offer for Farming Systems to 70 cents
Tuesday, 24 August 2010, 11:39 am | Businesswire
Aug. 24 (BusinessDesk) – Olam International raised its offer for NZ Farming Systems Uruguay to 70 cents from 55 cents a day after the target company disclosed a third bidder is looking at the dairy farm developer. More >>
DNZ sells two Auckland properties for $2.9M
Tuesday, 24 August 2010, 10:45 am | Businesswire
Aug. 24 (BusinessDesk) – DNZ Property Fund Ltd., which listed on the NZX earlier this month, has completed the sale of two vacant industrial sites near the Auckland International Airport for $2.9 million. The proceeds of the sale will be used to ... More >>
