Businesswire - Latest News [Page 50]
Sky City profit drops on Auckland, tax
Tuesday, 17 August 2010, 11:26 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 >>
PGG Wrightson sells Farming Systems contract
Tuesday, 17 August 2010, 11:20 am | Businesswire
August 17 (BusinessDesk) – NZ Farming Systems Uruguay Ltd., the South American dairy farmer facing competing takeover bids, has bought its management contract for $4 million from outgoing shareholder, PGG Wrightson Ltd. More >>
$300mln boost for dairy and red meat sectors
Tuesday, 17 August 2010, 11:14 am | Businesswire
August 17 (BusinessDesk) – The government is putting up $144.1 million into two initiatives worth $321 million over seven years to boost productivity and new products for the dairy and red meat sectors. More >>
NZ dollar gains as investors seek higher yields
Tuesday, 17 August 2010, 9:33 am | Businesswire
August 17 (BusinessDesk) – The New Zealand gained as investors shunned U.S. Treasuries in their search for higher yields, as China cemented its place nearer the top of the food chain, surpassing Japan as the world’s second-biggest economy. More >>
Stocks to watch: AIR, ANZ, NZR, NZS, PGC, PGW, SKC
Tuesday, 17 August 2010, 9:16 am | Businesswire
Aug. 17 (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 >>
While you were sleeping: Waiting for a sign
Tuesday, 17 August 2010, 7:39 am | Businesswire
August 17 (BusinessDesk) - Stocks in Europe and the U.S. were mixed as investors remained concerned about the global economic outlook after reports showing Japan’s economy grew at the slowest pace in three quarters and that manufacturing in the ... More >>
Olam weighs Farming Systems counter-bid
Monday, 16 August 2010, 6:44 pm | Businesswire
by Jonathan Underhill August 16 (BusinessDesk) – Olam International, trumped in its takeover offer for NZ Farming Systems Uruguay, plans to wait for the target company’s annual results and an independent assessment of its offer before responding. More >>
Meridian wins Hayes appeal
Monday, 16 August 2010, 6:19 pm | Businesswire
by Pattrick Smellie Aug. 16 (BusinessDesk) – Meridian Energy is “delighted” to have won its High Court appeal allowing it to take its 630 Megawatt Otago wind farm proposal, Project Hayes, back to the Environment Court. More >>
MARKET CLOSE: NZ stocks rise; Farming Systems up
Monday, 16 August 2010, 5:57 pm | Businesswire
Aug 16 (BusinessDesk) – New Zealand stocks rose for the second session, as news that NZ Farming Systems Uruguay Ltd. had received another buy-out offer helped the market shrug off worse-than-expected GDP data from Japan. More >>
Morrison & Co.’s PIP Fund in Melbourne deal
Monday, 16 August 2010, 5:43 pm | Businesswire
August 16 (BusinessDesk) – Wellington-based investor Morrison & Co is taking a 50% stake in Melbourne’s brand-new convention centre, in a 25-year venture with the developers of the showcase asset, Plenary Group. More >>
NZ's Key 'not ruling out' compulsory pension plan
Monday, 16 August 2010, 5:21 pm | Businesswire
Aug. 16 (BusinessDesk) – New Zealand Prime Minister John Key says he is “not ruling out” the possible introduction of a compulsory retirement savings scheme, and may take it to the country as an election campaign issue next year. More >>
NZ Dollar Outlook: Downbeat Kiwi Below US70 cents?
Monday, 16 August 2010, 2:38 pm | Businesswire
Aug. 16 (BusinessDesk) – The New Zealand dollar may drop below 70 U.S. cents this week as investors continue to eschew riskier, higher-yielding assets as a more pessimistic outlook on the U.S. economic recovery gains ground. More >>
Flying Kiwis lose options as Pacific Blue quits NZ
Monday, 16 August 2010, 12:53 pm | Businesswire
Aug. 16 (BusinessDesk) – Pacific Blue (NZ) Ltd., the local unit of Richard Branson’s Virgin Airlines, is quitting New Zealand’s domestic routes in October, as it prepares to code-share on the Tasman with Air New Zealand. More >>
Uruguyan group tops Olam bid for Farming Systems
Monday, 16 August 2010, 12:39 pm | Businesswire
Aug 16 (BusinessDesk) - Union Agriculture Group Corp. (UAG), a Uruguayan private entity formed to develop prime agriculture land, has made a counter-offer to Singaporean investors Olam International for NZ Farming Systems Ururguay. Ltd. The UAG bid offers ... More >>
AWE confirms dry well at Tuatara-1
Monday, 16 August 2010, 12:13 pm | Businesswire
AWE confirms dry well at Tuatara-1 Aug. 16 (BusinessDesk) – AWE Ltd confirmed today it is plugging and abandoning the wildcat Tuatara-1 exploration well, offshore D’Urville Island. More >>
NEWSFLASH: NZ Farming Systems gets rival offer
Monday, 16 August 2010, 12:07 pm | Businesswire
(BusienssDesk) - NZ Farming Systems Uruguay said it has received a rival takeover offer from Union Agriculture Group for 60 cents a share, topping a 55-cents offer from Singapore's Olam International. More >>
WEEKLY SPORTS DIGEST: Three-way play-off at PGA
Monday, 16 August 2010, 12:00 pm | Businesswire
16/08/10 Executive sport summary – An overview of the major sporting events – Results, key moments and talking points – Everything you need to know to foot it at the water cooler this week. More >>
NZ services sector growth slows on weaker sales
Monday, 16 August 2010, 11:49 am | Businesswire
August 16 (BusinessDesk) – New Zealand’s services sector reported slower growth last month, reflecting weaker sales and deliveries, adding to evidence the economy is experiencing only tepid growth. More >>
DNZ Property rises on NZX debut after $45M IPO
Monday, 16 August 2010, 11:19 am | Businesswire
August 16 (BusinessDesk) - DNZ Property Fund's shares debuted on the NZX at 99 cents, a premium to the 97 cent a share issue price in its $45 million capital raising. More >>
Freightways profit drops 33% on weak economy, tax
Monday, 16 August 2010, 11:09 am | Businesswire
August 16 (BusinessDesk) – Freightways Ltd. posted a 33% drop in profit as the tepid economy sapped demand for express packages and the courier company took a charge for changes to tax rules. More >>