Scoop has an Ethical Paywall
Scoop InfoPages
This InfoPage in unregistered, if this is your news page register Businesswire for InfoPages here.
Businesswire - Latest News [Page 55]
Stocks to watch: AMP, Briscoe, Ebos, KMD, MCK, TEL
Friday, 6 August 2010, 9:50 am | Businesswire
August 6 (BusinessWire) – 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 drops below 80 Australian cents
Friday, 6 August 2010, 9:13 am | Businesswire
Aug. 6 (BusinessDesk) – The New Zealand dollar dropped below 80 Australian cents for the first time in 10 weeks after data showing a jump in unemployment stoked fears the economic recovery is faltering. More >>
While you were sleeping: Unemployed losing hope
Friday, 6 August 2010, 7:27 am | Businesswire
August 6 (BusinessDesk) - Equities declined as an unexpected rise in U.S. jobless claims showed that American companies continue to opt to cut and contain payroll costs amid mixed signs about the nation’s economic outlook. More >>
Tax, skulduggery hand Millennium a double whammy
Thursday, 5 August 2010, 6:41 pm | Businesswire
Aug. 5 (BusinessDesk) - Depreciation tax changes and a debacle over its Chinese investments pushed Millennium & Copthorne Hotels New Zealand Ltd. to a $20.2 million loss in the six months to June 30, despite improved revenue and occupancy in its local ... More >>
SCF blames adviser in ‘please explain’ from NZX
Thursday, 5 August 2010, 6:38 pm | Businesswire
Aug. 5 (BusinessDesk) – South Canterbury Finance Ltd., the embattled Timaru financier, is blaming the 39% plunge in its preference share price on a financial adviser who told clients it will struggle to get a new cornerstone investor. More >>
Brownlee announces $40 mln underwrite for NZVIF
Thursday, 5 August 2010, 6:05 pm | Businesswire
Aug. 5 (BusinessDesk) – Economic Development Minister Gerry Brownlee has announced the government will underwrite the New Zealand Venture Investment Fund’s venture capital programme by a further $40 million. The underwrite comes on top of the $160 ... More >>
MARKET CLOSE: NZ shares gain; Ebos, Sky TV rise
Thursday, 5 August 2010, 5:47 pm | Businesswire
August 5 (BusinessDesk) – New Zealand shares rose, lifting the NZX 50 Index for the sixth time in seven sessions, after Ebos Group announced the sale of its science units, allowing it to repay debt, and as Sky Network Television reached a three-month ... More >>
Ebos sells science businesses, wiping out debt
Thursday, 5 August 2010, 2:30 pm | Businesswire
Aug. 5 (BusinessDesk) – Ebos Group is selling its trans-Tasman science businesses, allowing the medical products supplier to erase its debt. Shares of Ebos rose to a three-month high. More >>
NAB still in talks with regulator over Axa offer
Thursday, 5 August 2010, 2:18 pm | Businesswire
August 5 (BusinessDesk) – National Australia Bank is still in talks with the Australian antitrust regulator to try to surmount opposition to its $13.3 billion takeover of AXA Asia Pacific. More >>
S&P places Telecom on credit watch over demerger
Thursday, 5 August 2010, 11:58 am | Businesswire
Aug. 5 (BusinessDesk) – Telecom Corp. has been put on negative creditwatch by Standard & Poor’s as question-marks hang over how the phone company would allocate its debt between the two entities if it demerges. More >>
Dollar tumbles on unexpected jobless jump
Thursday, 5 August 2010, 11:49 am | Businesswire
Aug. 5 (BusinessDesk) – New Zealand’s unemployment rate surprised markets as it surged back to a 10-year high in the second quarter, and encouraged investors to bail out of the kiwi dollar. More >>
ANZ Bank farewells ING brand in favour of OnePath
Thursday, 5 August 2010, 10:56 am | Businesswire
August 5 (BusinessDesk) – Australia and New Zealand Bank Group will drop use of the ING brand from November and rename its funds management and life insurance businesses ‘OnePath.’ More >>
Step forward on monopoly network pricing
Thursday, 5 August 2010, 10:15 am | Businesswire
Aug. 5 (BusinessDesk) - New rules for regulating the price charged by monopoly electricity and gas networks are a step closer with today's release of a Commerce Commission consultation paper on starting points for default price-quality paths (DPP's). More >>
NZ Post write-downs erase profit
Thursday, 5 August 2010, 10:06 am | Businesswire
August 5 (BusinessDesk) – New Zealand Post Group said one-off charges to write-down the value of its mail and parcel operations have wiped out annual profit, adding to pressure to overhaul the state-owned business. More >>
NZ dollar holds above 73 US cts ahead of jobs data
Thursday, 5 August 2010, 9:14 am | Businesswire
Aug. 5 (BusinessDesk) – The New Zealand dollar held above 73 U.S. cents ahead of today’s employment data which are expected to show an improvement in the domestic labour market as more people get back into the work force. More >>
Stocks to watch: Abano, AMP Office, Kathmandu, TEL
Thursday, 5 August 2010, 9:09 am | Businesswire
August 5 (BusinessWire) – 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: U.S. data relief
Thursday, 5 August 2010, 7:25 am | Businesswire
August 5 (BusinessDesk) - Stocks in the U.S. advanced as better-than-expected expansion in private-sector jobs and the nation’s services sector eased some of the recent heightened concerns about the slowing pace of growth in the world’s largest economy. More >>
MARKET CLOSE: NZ shares fall, Kathmandu, TEL drop
Wednesday, 4 August 2010, 5:48 pm | Businesswire
August 4 (BusinessDesk) – New Zealand shares fell for the first time in six sessions after outdoor equipment retailer Kathmandu Holdings reported a shrinking profit margin and traders fretted the earnings season will feature cost control rather than growth. More >>
Fonterra prepares to cut milk payout forecast
Wednesday, 4 August 2010, 5:46 pm | Businesswire
Aug. 4 (BusinessDesk) - Fonterra is preparing to cut its forecast milk payout from the current $6.60 per kilogram of milksolids, reflecting ongoing weakening in global dairy prices, and the strength of the New Zealand dollar. More >>
UK turnaround boosts Opus half-year
Wednesday, 4 August 2010, 5:19 pm | Businesswire
Aug. 4 (BusinessDesk) - NZX-listed engineering firm Opus International Consultants Ltd more than doubled tax-paid profit in the six months to June 30, thanks mainly to a dramatic turnaround in the fortunes of its British unit. More >>
