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Businesswire - Latest News [Page 49]
MARKET CLOSE: NZX 50 gains, Fletcher profitable
Wednesday, 18 August 2010, 6:01 pm | Businesswire
August 18 (BusinessDesk) – New Zealand stocks rose for the third time in four sessions, as Fletcher Building Ltd., the largest company on the exchange, returned to profit and raised its dividend, leading gains on the day. More >>
SMELLIE SNIFFS THE BREEZE: When tight is loose
Wednesday, 18 August 2010, 5:30 pm | Businesswire
Aug. 18 (BusinessDesk) – One of our mortgages came up for roll-over in the past couple weeks and, after a squizz round www.mortgagerates.co.nz, and a general vague feeling that interest rates are only going to rise from here, we fixed for three ... More >>
APN's profit rises as advertising market recovers
Wednesday, 18 August 2010, 5:19 pm | Businesswire
Aug. 18 (BusinessDesk) - APN News & Media's first-half bottom line profit rose 4.9% while underlying earnings were up 11%, reflecting a recovering advertising market. More >>
Ports of Auckland lifts normalised earnings 55%
Wednesday, 18 August 2010, 12:41 pm | Businesswire
Aug. 18 (BusinessDesk) - Ports of Auckland, New Zealand's largest container port, lifted annual net profit near seven fold while its normalised result was up 55%. More >>
Stay for the ride, Affco tells smaller investors
Wednesday, 18 August 2010, 12:01 pm | Businesswire
August 18 (BusinessDesk) – Affco Holdings Ltd., the listed meat processor, recommended shareholders reject a 37 cents-a-share takeover offer from South Island food producer Tally’s Group, saying the current offer price did not reflect the true value of ... More >>
Kiwibank profit falls 13% amid battle for deposits
Wednesday, 18 August 2010, 11:47 am | Businesswire
Aug. 18 (BusinessDesk) – Kiwibank Ltd., the state-owned lender, posted a 13% decline in full-year profit as competition for retail deposits weighed on margins and eroded profitability. More >>
Hart to pay US$6 billion for Pactiv
Wednesday, 18 August 2010, 11:39 am | Businesswire
Aug. 18 (BusinessDesk) - Billionaire Graeme Hart's Rank Group will pay about US$6 billion (NZ$8.43 billion) for Chicago-based packaging company Pactiv Corp. More >>
Zespri forecasts higher tray returns
Wednesday, 18 August 2010, 10:19 am | Businesswire
August 18 (BusinessDesk) – Zespri International Ltd., the kiwifruit marketing and export company, is forecasting higher per-tray returns for growers on the back of supply-side pressures. More >>
NZ government lends support to Kiwibank rating
Wednesday, 18 August 2010, 10:11 am | Businesswire
Aug. 18 (BusinessDesk) – The New Zealand government has committed to propping up state-owned lender Kiwibank’s AA- credit rating. More >>
Fletcher returns to profit, gives no guidance
Wednesday, 18 August 2010, 10:07 am | Businesswire
August 18 (BusinessDesk) – Fletcher Building Ltd., the biggest company on the New Zealand stock exchange, returned to profit while warning that commercial construction remains subdued and offering no guidance for 2011. More >>
Stocks to watch: AFF, ANZ, BRG, FBU, NZR, NZX
Wednesday, 18 August 2010, 9:30 am | Businesswire
Aug. 18 (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 climbs over 71 US cts as stocks gain
Wednesday, 18 August 2010, 9:14 am | Businesswire
Aug. 18 (BusinessDesk) – The New Zealand dollar climbed back over 71 U.S. cents as stocks on Wall Street rose amid optimism of more merger and acquisition activity, while investors’ fears about the state of Europe’s sovereign debt eased. More >>
Flat first half for NZX
Wednesday, 18 August 2010, 8:42 am | Businesswire
18 August (BusinessDesk) – New Zealand securities market operator NZX Ltd turned in flat earnings of $5.7 million for the six months to June 30, once one-off gains from asset sales in the previous period are stripped out. More >>
While you were sleeping: Solid earnings spark
Wednesday, 18 August 2010, 7:40 am | Businesswire
August 18 (BusinessDesk) - Stocks in Europe and the U.S. rose on stronger-than-expected profits from retailers Wal-Mart Stores Inc and Home Depot Inc. More >>
MARKET CLOSE: NZ stocks fall as earnings loom
Tuesday, 17 August 2010, 6:08 pm | Businesswire
August 17 (BusinessDesk) – New Zealand stocks snapped two days of gains, as apprehension ahead of earnings announcement from heavy-weights stocks Fletcher Building Ltd., Contact Energy Ltd. and Telecom Corp. weighed on the market. More >>
NZ Refining 1H profit drops 45%, margins recover
Tuesday, 17 August 2010, 3:37 pm | Businesswire
August 18 (BusinessDesk) – New Zealand Refining Co. put in a “sound” performance for the six months to June 30, despite reporting a 45% reduction in tax-paid profit of $29 million, the company’s chairman, David Jackson, told the NZX in a statement ... More >>
Rank Group in talks to buy Pactiv, Bloomberg says
Tuesday, 17 August 2010, 3:01 pm | Businesswire
Aug. 17 (BusinessDesk) Billionaire Graeme Hart’s investment company Rank Group is in talks to acquire Pactiv Corp. to add to its global packaging empire, Bloomberg News reported, citing people familiar with the matter. More >>
Atlantis Healthcare scores $20mln VC deal
Tuesday, 17 August 2010, 1:07 pm | Businesswire
by Peter Kerr Aug. 12 (BusinessDesk) – One of New Zealand’s single largest venture capital investments, $20 million, has just been obtained by Auckland-based Atlantis Healthcare to globally expand its unique programmes for helping patients stick to ... More >>
NZ not measuring infrastructure outcomes well
Tuesday, 17 August 2010, 1:02 pm | Businesswire
New Zealand’s infrastructure project capability has fallen behind world best practice because of a prolonged period with relatively few major projects, the Centre for Advanced Engineering (CAENZ) says in a newly released 350 page report ‘Infrastructure ... More >>
UPDATED: Sky City profit drops on Auckland, tax
Tuesday, 17 August 2010, 11:50 am | Businesswire
August 17 (BusinessDesk) - Sky City Entertainment Group, New Zealand’s biggest casino operator, posted a 12% drop in profit on weaker returns from its main Auckland base and the impact of tax changes. The outlook is uncertain, it said. More >>
