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Businesswire - Latest News [Page 51]
Pyne Gould profit up 5%, impairments rise
Monday, 16 August 2010, 10:39 am | Businesswire
Aug 16 (BusinessDesk) - Pyne Gould Corp. has revised its earnings forecast for the financial year, saying net profit was about 5% higher despite increased impairments. The company’s shares rose on the news. More >>
ING Property says depreciation won't hurt payout
Monday, 16 August 2010, 10:08 am | Businesswire
ING Property Trust says $96.8 mln hit on depreciation won’t hurt pay-out More >>
World Week Ahead: Bracing for the new normal
Monday, 16 August 2010, 9:52 am | Businesswire
August 16 (BusinessDesk) - Forget about what lies ahead because it’s already here - slower global growth. More >>
Stocks to watch: CAV, DNZ, FRE, KMD, NZS, PGW, PPG
Monday, 16 August 2010, 9:37 am | Businesswire
August 16 (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 falls as Europe debt concerns re-emerge
Monday, 16 August 2010, 9:25 am | Businesswire
Aug. 16 (BusinessDesk) – The New Zealand dollar fell as concerns about the state of Europe’s debt re-emerged, even as the region reported strong second-quarter growth. More >>
Another NZ fund manager joins billion dollar club
Friday, 13 August 2010, 6:39 pm | Businesswire
August 13 (BusinessDesk) – New Zealand now has a dozen fund managers with at least a billion dollars under management, according to the latest FundSource report. More >>
MARKET CLOSE: NZX 50 snaps 3-day slide; MHI gains
Friday, 13 August 2010, 5:57 pm | Businesswire
August 13 (BusinessDesk) – New Zealand stocks snapped a three-day decline as better-than-expected June retail sales numbers helped the bourse shrug off negative sentiment from offshore markets. Michael Hill International Ltd., Kathmandu Holdings and Briscoe Group led ... More >>
Telstra to quit Chinese real estate web play
Friday, 13 August 2010, 12:11 pm | Businesswire
Aug. 13 (BusinessDesk) - Telsta Corporation is quitting its 51% stake in SouFun, China's second-largest online real estate website, for about US$413.1 million (NZ$579.4 million). More >>
NZ retail sales have biggest jump in 3 ½ years
Friday, 13 August 2010, 11:55 am | Businesswire
Aug. 13 (BusinessDesk) – New Zealand consumers spent more on recreational items in June, lifting retail sales in the survey’s biggest monthly gain since February 2007. More >>
NZ July property market sales fall to decade low
Friday, 13 August 2010, 11:10 am | Businesswire
August 13 (BusinessDesk) – New Zealand residential property sales plummeted to its lowest level for a July in a decade, as rising interest rates, slower population growth and tax changes took their toll on the market, according to figures released ... More >>
Wrightson returns to profit, warns of tough grind
Friday, 13 August 2010, 10:18 am | Businesswire
August 13 (BusinessDesk) – PGG Wrightson, New Zealand’s biggest rural services group, returned to profit after impairments in the previous year, while warning that conditions in the farming sector remain tough and will restrict earnings growth. ... More >>
Farming Systems scores US$25 million tax break
Friday, 13 August 2010, 10:13 am | Businesswire
by Jason Krupp Aug 13 (BusinessDesk) – New Zealand Farming Systems Uruguay Ltd, the South American dairy operator, announced that it has been granted tax benefits with an estimated current value of $US20 million to $US25 million (NZ$28 -NZ$35 million) ... More >>
NZ dollar drops below 71 US cts as stocks slide
Friday, 13 August 2010, 9:10 am | Businesswire
NZ dollar drops below 71 US cts as Wall Street extends loss, retail sales loom More >>
Stocks to watch: ATM, KIP, NZS, PGW, STU, TLS, TUR
Friday, 13 August 2010, 9:07 am | Businesswire
August 13 (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: Jobless claims disappoint
Friday, 13 August 2010, 7:37 am | Businesswire
August 13 (BusinessDesk) - Stocks in the U.S. dropped for a third straight day as a worse-than-expected report on U.S. jobless claims bolstered concern about the troubled labour market in the world’s largest economy. More >>
MARKET CLOSE: NZ stocks fall; Telstra drops
Thursday, 12 August 2010, 6:00 pm | Businesswire
Aug 12 (BusinessDesk) – New Zealand stocks fell for a third straight day, broadsided overnight by global markets tumbling precipitously after already-spooked investors fled equities on fears economic growth and corporate earnings will stall. Telstra ... More >>
Greenstone Energy offers 7.35% rate on 6-yr bonds
Thursday, 12 August 2010, 4:08 pm | Businesswire
August 12 (BusinessDesk) – Greenstone Energy, the new owner of Shell’s New Zealand retail and distribution assets, has offered a 7.35% interest rate on its inaugural sale of $100 million of bonds. More >>
Australian windfarm project dents Meridian outlook
Thursday, 12 August 2010, 3:50 pm | Businesswire
Aug. 11 (BusinessDesk) – Meridian Energy expects to report a reduced return on investment in the year ahead as it prepares to tip around A$500 million into the 420 megawatt Macarthur wind farm in southwest Victoria, in a joint venture signed ... More >>
NZVIF to help bridge 'Valley of Death' gap
Thursday, 12 August 2010, 3:47 pm | Businesswire
NZVIF aims to carry firms across funding ‘Valley of Death’ with $40 mln top-up More >>
Turners & Growers first half falls short
Thursday, 12 August 2010, 2:53 pm | Businesswire
Aug. 12 (BusinessDesk) – Turners & Growers Ltd lifted its underlying earnings 10% in the first-half of its financial year, although came up short of analysts’ expectations. More >>
