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Businesswire - Latest News [Page 57]
NZX reports second month of weaker trading
Tuesday, 3 August 2010, 10:50 am | Businesswire
August 3 (BusinessDesk) – NZX Ltd., the listed stock market operator, reported a further drop in both the value and volume of trading last month as a picture emerges of a domestic economy that’s struggling to pick up pace. More >>
Allied Farmers to raise $19.3M in discounted offer
Tuesday, 3 August 2010, 10:33 am | Businesswire
August 3 (BusinessDesk) - Allied Farmers Ltd. plans to raise $19.3 million in a placement and rights issue at a 54% discount to repay debt and shore up its finances while continuing the slow process of selling property assets. More >>
NZ dollar gains on European bank earnings
Tuesday, 3 August 2010, 9:21 am | Businesswire
Aug. 3 (BusinessDesk) – The New Zealand dollar gained as European lenders HSBC Holdings and BNP Paribas SA beat earnings estimates, stoking investors’ appetite for riskier, or higher-yielding, assets. More >>
Stocks to watch: HED, PEB, PFI, TTK, TEL, TLS, WDT
Tuesday, 3 August 2010, 9:14 am | Businesswire
Aug. 3 (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: Stocks rise on earnings
Tuesday, 3 August 2010, 7:30 am | Businesswire
August 3 (BusinessDesk) - Stocks advanced as investors took heart from better-than-expected earnings from companies including Humana Inc and HSBC Holdings Plc. More >>
Regulatory relief key to Telecom UFB package
Monday, 2 August 2010, 5:49 pm | Businesswire
Aug. 2 (BusinessDesk) - Telecom Corporation Ltd's ultra-fast broadband proposal requires relief from regulations which it says stifle its competitivenss while failing to benefit consumers, says the national telco's chief executive, Paul Reynolds. More >>
MARKET CLOSE: NZ shares gain a 4th day; Telecom up
Monday, 2 August 2010, 5:47 pm | Businesswire
August 2 (BusinessDesk) – New Zealand shares rose for a fourth session after Telecom Corp. said it will consider structural separation to participate in the government’s broadband plan and KiwiSaver managers added to local stock holdings. More >>
Dairy leads 2nd falling month for nz commodities
Monday, 2 August 2010, 4:34 pm | Businesswire
Aug. 2 (BusinessDesk) – New Zealand commodity prices fell for a second month after a weak result in Fonterra’s online auction in July saw a slump in dairy prices drag down the ANZ Commodity Price Index. More >>
Telecom demerger formally on the table in UFB bid
Monday, 2 August 2010, 4:22 pm | Businesswire
Aug. 2 (BusinessDesk) – Telecom Corp. has officially put itself on the carving block in its latest bid to tap government funds to roll-out high speed internet through the nation. More >>
Feltex directors acquitted; E&Y faulted
Monday, 2 August 2010, 4:16 pm | Businesswire
Aug. 2 (BusinessDesk) - Directors of Feltex Ltd. have been found not guilty of misleading investors under the Financial Reporting Act after the collapse of the iconic New Zealand carpet-maker in 2006 because their accounting advisers, Ernst & Young, ... More >>
Penny and Hooper to appeal tax avoidance rulings
Monday, 2 August 2010, 2:33 pm | Businesswire
Aug. 2 (BusinessDesk) - Two Christchurch surgeons who lost appeals against tax avoidance findings are taking their case to the Supreme Court. More >>
NASA comes to Otaki as tenant of clean tech park
Monday, 2 August 2010, 1:57 pm | Businesswire
August 2 (BusinessDesk) – NASA, which pioneered America’s space programme, is to set up shop in the Kapiti Coast town of Otaki, lured to a new technology park targeting green and renewable energy sources. More >>
NZ Dollar Outlook: Kiwi may fall on jobs, dairy
Monday, 2 August 2010, 1:09 pm | Businesswire
Aug. 2 (BusinessDesk) – The New Zealand dollar will likely fall this week as softer employment data and declining dairy prices give the central bank room to pause on its current round of rate hikes. More >>
Downer MD Geoff Knox replaced by CFO
Monday, 2 August 2010, 12:40 pm | Businesswire
August 2 (BusinessDesk) – Engineering company Downer EDI is replacing managing director Geoff Knox with chief financial officer Grant Fenn. Fenn joined Downer in October last year and was appointed to the board last month. More >>
WEEKLY SPORTS DIGEST: Henry’s men, Umaga factor
Monday, 2 August 2010, 12:30 pm | Businesswire
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 >>
Marlborough Lines extends Horizon offer a 2nd time
Monday, 2 August 2010, 11:13 am | Businesswire
August 2 (BusinessWire) - Marlborough Lines Ltd. extended its offer for shares in Horizon Energy Distribution Ltd. for a second time, giving shareholders a further week to sell their shares. More >>
PFI profit up 16.7% before non-cash tax charge
Monday, 2 August 2010, 10:17 am | Businesswire
August 2 (BusinessDesk) - Property for Industry reported a large bottom-line loss due to government tax changes but its distributable net profit rose 16.7% for the six months ended June 30. More >>
NZ dollar climbs above 72 US cts after US data
Monday, 2 August 2010, 9:29 am | Businesswire
Aug. 2 (BusinessDesk) – The New Zealand dollar held above 72 U.S. cents as better-than-expected American data lifted sentiment on Friday in New York, while more expansion among Chinese manufacturers stoked investors’ appetite for riskier, or higher-yielding, ... More >>
Stocks to watch: FPH, HGD, NAP, NZO, PEB, TEL, TLS
Monday, 2 August 2010, 9:19 am | Businesswire
August 2 (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 >>
World Week Ahead: Caution rules the day
Monday, 2 August 2010, 7:56 am | Businesswire
August 2 (BusinessDesk) - As the pace of growth in the world’s biggest economy moderates, investors are reining in some of their optimism and showing signs of somewhat heightened aversion to risk. More >>
