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Businesswire - Latest News [Page 58]
MARKET CLOSE: NZ shares gain; FRE, PPL up
Friday, 30 July 2010, 6:31 pm | Businesswire
July 30 (BusinessWire) – New Zealand shares rose for the third straight day as optimism the globe will avoid a double-dip recession. Shares including Freightways Ltd. and Pumpkin Patch led the advance. More >>
Pacific Edge follows patents with "pipeline"
Friday, 30 July 2010, 5:23 pm | Businesswire
Pacific Edge has ‘pipeline of new products’ to follow new cancer-test patents by Peter Kerr More >>
Heritage Gold ready to mine cobalt in NSW
Friday, 30 July 2010, 5:05 pm | Businesswire
July 30 (BusinessDesk) - Heritage Gold Ltd. will be part of a new float to mine cobalt at Pyrites Hill, Thackaringa, near Broken Hill in outback New South Wales, the ASX and NZX-listed Australasian mining company said today. More >>
TechNZ grunt for Endace internet security products
Friday, 30 July 2010, 2:11 pm | Businesswire
July 30 (BusinessDesk) – Kiwi cyber-security firm Endace Ltd. will spend its newly announced $4.4 million TechNZ technology grant to hone products that help financial markets traders gain precious micro-seconds by ensuring their systems run at maximum ... More >>
Telecom nets A$60 mln in sale of AAPT retail arm
Friday, 30 July 2010, 2:08 pm | Businesswire
July 30 (BusinessDesk) – Telecom Corp. has finally rid itself of its struggling Australian retail business, confirming it sold the consumer division of its AAPT unit for A$60 million to iiNet Ltd. More >>
PGW halts negotiations on NZS management contract
Friday, 30 July 2010, 1:44 pm | Businesswire
July 30 (BusinessDesk) - PGG Wrightson Ltd. (PGW) has halted negotiations on internalising NZ Farming Systems Uruguay's management contract pending the outcome of Singapore-based Olam's 55 cents a share takeover offer which values the Uruguay company at $134.3 ... More >>
PGW halts negotiations on NZS management contract
Friday, 30 July 2010, 1:44 pm | Businesswire
July 30 (BusinessDesk) - PGG Wrightson Ltd. (PGW) has halted negotiations on internalising NZ Farming Systems Uruguay's management contract pending the outcome of Singapore-based Olam's 55 cents a share takeover offer which values the Uruguay company at $134.3 ... More >>
Pulse changes tack with cut-price power brand
Friday, 30 July 2010, 12:19 pm | Businesswire
July 30 (BusinessDesk) - Start-up electricity retailer Pulse Utilities Ltd is changing tack to offer cut-price power under a new brand, Just Energy, which will not use Pulse's smart meter technology. More >>
Telecom in trading halt as AAPT sale looms
Friday, 30 July 2010, 12:18 pm | Businesswire
July 30 (BusinessDesk) – Shares in Telecom Corp. have been put into a halt amid expectations of an announcement on the sale of its Australian unit AAPT. More >>
PharmaZen lifts profit in face of high kiwi
Friday, 30 July 2010, 11:49 am | Businesswire
July 30 (BusinessDesk) – PharmaZen Ltd., the biotechnology company that supplies animal and health powder products, said the high kiwi dollar had eroded the benefits of increased export volumes. The Christchurch-based company reported a profit before ... More >>
NZ home building consents stay in the doldrums
Friday, 30 July 2010, 11:42 am | Businesswire
July 30 (BusinessDesk) – New Zealand’s residential property sector remained subdued last month with permits for new construction edging up from a slump in May, while commercial property extended its decline. More >>
Livestock Improvement Corp profit down 43%
Friday, 30 July 2010, 11:42 am | Businesswire
July 30 (BusinessDesk) - Low milk prices at the peak of Livestock Improvement Corp.'s peak season pushed underlying net earnings for the genetic materials firm down 43% to $9.13 million in the year to May 31, the NZAX-listed company announced today. More >>
Fonterra is ‘concerned’ over India milk protests
Friday, 30 July 2010, 11:33 am | Businesswire
July 30 (BusinessDesk) – Fonterra Cooperative Group said it is concerned about protests in India over imports of New Zealand dairy products and is consulting with the Ministry of Foreign Affairs & Trade over the issue. More >>
Silver Fern closes Brooks plant in U.K.
Friday, 30 July 2010, 9:45 am | Businesswire
Silver Fern closes Brooks plant in U.K. as consumers lose taste for frozen meat More >>
NZ dollar pares loss as US Aaa-rating questioned
Friday, 30 July 2010, 9:31 am | Businesswire
July 30 (BusinessDesk) – The New Zealand dollar pared yesterday’s loss after Moody’s Investors Service questioned America’s Aaa credit rating, while upbeat European sentiment stoked investors to eschew the greenback in favour of higher-yielding, ... More >>
Stocks to watch: AIA, MFT, OGC, RAK, RYM, TEL
Friday, 30 July 2010, 9:25 am | Businesswire
July 30 (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 >>
Going unhedged pays off for OceanaGold
Friday, 30 July 2010, 8:12 am | Businesswire
July 29 (BusinessDesk) - Selling 100% of its gold production into the spot market yielded OceanaGold Corp. a 226% improvement in quarter-on-quarter cash operating margin, the company says in its report for the three months to June 30. More >>
While you were sleeping: Short-circuited by techs
Friday, 30 July 2010, 7:14 am | Businesswire
July 30 (BusinessDesk) - Technology shares added a fresh hurdle for equities to clear and further clouded a murky outlook for the world’s biggest economy. More >>
MARKET CLOSE: NZ stocks rise on weaker dollar
Thursday, 29 July 2010, 6:00 pm | Businesswire
July 29 (BusinessDesk) – New Zealand rose to the highest level in more than a month, after a decline in the New Zealand dollar perked investor appetite for companies earning overseas revenue. Fisher & Paykel Healthcare Ltd. and New Zealand Farming ... More >>
Mainfreight targets $2B turnover by 2015
Thursday, 29 July 2010, 5:03 pm | Businesswire
By Peter Kerr July 29 (BusinessDesk) – Mainfreight Ltd., the New Zealand-based, global transport operator, is aiming to almost double annual revenue to $2 billion by 2015, based mainly on increased overseas earnings particularly in China, the U.S., ... More >>
