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Businesswire - Latest News [Page 48]

NZ dollar drops on weak US data, Aust. poll eyed

Friday, 20 August 2010, 9:18 am | Businesswire

Aug. 20 (BusinessDesk) – The New Zealand fell against the greenback and the yen after U.S. reports showed rising jobless and weaker factory activity in the world’s biggest economy, weighing on stocks and sapping risk appetite. More >>

While you were sleeping: Stalled on slower growth

Friday, 20 August 2010, 8:02 am | Businesswire

August 20 (BusinessDesk) - Global equities shifted into reverse after two more economic reports suggested the U.S. recovery was grinding to a halt. More >>

New policies, funds needed to make firms global

Friday, 20 August 2010, 1:52 am | Businesswire

August 19 (BusinessDesk) – New Zealand has invested too much in being inventive, and not enough in taking inventive ideas to global markets, says the New Zealand Institute in a new report urging a national focus on overcoming the barriers to creating ... More >>

Talley’s extends deadline on Affco offer

Thursday, 19 August 2010, 6:30 pm | Businesswire

Aug. 19 (BusinessDesk) – Talley’s Group has extended the deadline on its 37 cents a share offer to minority shareholder in listed meat processor Affco Ltd. by two weeks, saying the price offers an attractive exit opportunity. More >>

Middle class welfare capture in Treasury’s sights

Thursday, 19 August 2010, 5:57 pm | Businesswire

by Pattrick Smellie August 19 (BusinessDesk) – Middle income earners have done best out of social welfare spending over the last 25 years, the head of the New Zealand Treasury, John Whitehead said in a major speech to public sector chief financial ... More >>

MARKET CLOSE: NZX50 gains on Mainfreight earnings

Thursday, 19 August 2010, 5:56 pm | Businesswire

Aug. 19 (BusinessDesk) – New Zealand stocks rose as corporate earnings were largely in line with market expectations, with Mainfreight Ltd. leading the way higher as its first-quarter profit surged. More >>

NZ consumer confidence edges up: Morgan poll

Thursday, 19 August 2010, 4:26 pm | Businesswire

Aug. 19 (BusinessDesk) – New Zealand consumer confidence edged up this month though fewer people feel better off, suggesting kiwis are still feeling cautious about spending. More >>

Bollard pares back inflation expectations

Thursday, 19 August 2010, 2:49 pm | Businesswire

Aug. 19 (BusinessDesk) – Reserve Bank Governor Alan Bollard has pared back his expectation as to how high inflation will peak when the government’s hike to GST comes into effect in October, and is warning firms against using the increase as ... More >>

ING Medical boosts distributable profit by 13%

Thursday, 19 August 2010, 1:56 pm | Businesswire

Aug. 19 (BusinessDesk) – ING Medical Properties Trust, the specialist investor in health clinics, lifted its distributable profit 13% as it boosted rental income and maintained a near-full occupancy rate. More >>

ING Medical boosts distributable profit by 13%

Thursday, 19 August 2010, 1:55 pm | Businesswire

Aug. 19 (BusinessDesk) – ING Medical Properties Trust, the specialist investor in health clinics, lifted its distributable profit 13% as it boosted rental income and maintained a near-full occupancy rate. More >>

Goodman Fielder FY profit falls 8.3%

Thursday, 19 August 2010, 1:49 pm | Businesswire

Aug. 19 (BusinessDesk) - Goodman Fielder Ltd., the Australasian food maker, posted an 8.3% decline in full-year profit, reflecting a decline in revenue and one-time charges for tax changes and costs of an asset sale blocked by regulators. More >>

Port of Tauranga meets earnings guidance

Thursday, 19 August 2010, 12:03 pm | Businesswire

August 19 (BusinessDesk) - Port of Tauranga Ltd., New Zealand’s largest export hub, posted annual earnings that met its guidance, and said rising volumes and cost controls will allow it to maintain profit growth through 2011. More >>

AMP lifts first-half earnings by 4.4%

Thursday, 19 August 2010, 11:53 am | Businesswire

Aug. 19 (BusinessDesk) – AMP Ltd., which was rejected as a suitor for rival AXA Asia Pacific, reported a 4.4% increase in underlying earnings in the first half while saying it remains cautious about the global economic outlook. More >>

Dairy cost increases drive lift in output prices

Thursday, 19 August 2010, 11:30 am | Businesswire

by Peter Kerr August 19 (BusinessDesk) – Output prices for all New Zealand industries rose 1.1% in the June quarter, driven by dairy manufacturing prices leaping 5.5% in the same period. More >>

Japan charters boom for Air NZ

Thursday, 19 August 2010, 11:06 am | Businesswire

by Jason Krupp August 19 (BusinessDesk) – Air New Zealand will be more than tripling its charter flights from Japan to New Zealand this summer in response to a boom in visitors from the high-spending tourism market. More >>

Hart’s leveraged Pactiv bid threatens rating

Thursday, 19 August 2010, 10:16 am | Businesswire

Aug. 19 (BusinessDesk) – Graeme Hart’s leveraged bid for American packaging group company Pactiv Corp., expected to add US$5 billion of new debt, could lead to a credit rating downgrade for his Reynolds Group unit, says Moody’s Investors Service. More >>

Mainfreight 1Q profit jumps with sales growth

Thursday, 19 August 2010, 10:08 am | Businesswire

Aug. 19 (BusinessDesk) – Mainfreight Ltd. posted a 148% gain in first-quarter profit as sales growth returned in most markets and it avoided one-time charges that marred the year-earlier result. More >>

Stocks to watch: AFF, APN, FBU, GEL, MFT, POT, THL

Thursday, 19 August 2010, 9:35 am | Businesswire

Aug. 19 (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 holds above 71 cts amid M&A

Thursday, 19 August 2010, 9:08 am | Businesswire

NZ dollar holds above 71 US cts as prospect of more M&A stokes risk appetite More >>

While you were sleeping: Takeovers lift stocks

Thursday, 19 August 2010, 7:42 am | Businesswire

August 19 (BusinessDesk) - U.S. stocks gained amid takeover speculation for raw material producers and homebuilders following BHP Billiton Ltd’s hostile bid for Canada’s Potash Corp of Saskatchewan Inc. More >>

   

 
 
 
 
 

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