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Businesswire - Latest News [Page 47]

MARKET CLOSE: NZX 50 down with Telecom, Contact

Friday, 20 August 2010, 6:02 pm | Businesswire

August 20 (BusinessWire) – New Zealand stocks fell for the second time is six sessions, hovering just above the 3000 point mark after tepid earnings from heavyweights Telecom Corp. and Contact Energy Ltd., two of the three biggest companies on the bourse. More >>

Allied Nationwide tumbles – receivers appointed

Friday, 20 August 2010, 5:03 pm | Businesswire

Aug. 20 (BusinessDesk) – Allied Nationwide Finance has been put in receivership after being forced to halt new fund raising, becoming the seventh firm poised to make a call on the government retail deposit guarantee. More >>

‘Avatar environment’ teaches stroke victims

Friday, 20 August 2010, 4:40 pm | Businesswire

August 20 (BusinessDesk) – A Wellington-based start-up has invented a computer game system that allows stroke victims to connect with a digital world to teach their muscles how to fire again. More >>

NZ regulator warns phone retailers on bundling

Friday, 20 August 2010, 4:01 pm | Businesswire

Aug. 20 (BusinessDesk) - The Commerce Commission has warned phone retailers not to hide contract terms in the fine print when they sell bundled products. More >>

Telecom would cut spending on copper to fund UFB

Friday, 20 August 2010, 3:47 pm | Businesswire

Aug. 20 (BusinessDesk) – Telecom Corp. would shift its capital spend away from copper lines and into fibre to tap the government’s fund to roll-out high-speed internet, chief executive Paul Reynolds said. More >>

New Zealand Experience underlying profit rises 22%

Friday, 20 August 2010, 12:48 pm | Businesswire

Aug. 20 (BusinessDesk) – New Zealand Experience Ltd., which operates the Rainbow’s End theme park in Manukau, lifted underlying earnings 22% as its new Invader ride drew more visitors at higher ticket prices. More >>

NZ Post profit sinks on writedowns in age of email

Friday, 20 August 2010, 12:44 pm | Businesswire

Aug. 20 (BusinessDesk) - New Zealand Post Group reported a 98% decline in annual net profit, as highly competitive markets, tight mail volumes and significant write-downs savaged the state-owned postal service’s earnings. More >>

New Zealand’s net migration figures up, just

Friday, 20 August 2010, 12:24 pm | Businesswire

August 20 (BusinessDesk) – New Zealand’s permanent population increased by 1,000 people due to immigration in the month of July, while the nation experienced an overall increase of 15,200 for the year, according to Statistics New Zealand. More >>

Fonterra holds pay-out on improving outlook

Friday, 20 August 2010, 12:19 pm | Businesswire

August 20 (BusinessDesk) – Fonterra will hold its forecast payout to its farmer members in the range of $6.90 to $7.10 per kilogram of milksolids, along with an unchanged forecast milk price of $6.60 per kilo, chairman Henry van der Heyden announced ... More >>

Sky TV liftf profit by 16%

Friday, 20 August 2010, 12:15 pm | Businesswire

Aug. 20 (BusinessDesk) – Sky Network Televisions Ltd., New Zealand’s biggest pay-TV company, lifted full-year profit by 16% as a line up of sports events and tough economic conditions made TV a more attractive form of entertainment. More >>

ING trusts to change names

Friday, 20 August 2010, 11:43 am | Businesswire

Aug. 20 (BusinessDesk) - ING Property Trust and ING Medical Properties Trust are changing their names in the wake of ANZ Bank buying fund manager ING New Zealand, which has already announced its name change to OnePath. More >>

Michael Hill lifts operating earnings, dividend

Friday, 20 August 2010, 11:37 am | Businesswire

Aug. 20 (BusinessDesk) - Jeweller Michael Hill International's annual net profit plunged 60%, reflecting a one-off tax credit in the year-earlier result, but operating earnings were up 38%. More >>

Provisions fall, profits lift for ANZ, Westpac NZ

Friday, 20 August 2010, 11:27 am | Businesswire

August 20 (BusinessDesk) – Australia & New Zealand Banking Group and Westpac Banking Corp. reported improving profits and lower provisioning in their New Zealand businesses, in line with a recovery in their Australian and global businesses for ... More >>

Cavalier lifts 'normalised' earnings, sales fall

Friday, 20 August 2010, 11:10 am | Businesswire

Aug. 20 (BusinessDesk) – Cavalier Corp., the only carpet maker on the NZX, has weathered the global financial crisis with a 22% increase in normalised profit to $16.6 million for the year ending June 30, as it reduced interest costs and improved ... More >>