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Businesswire - Latest News [Page 6]
SmartPay narrows FY loss to $5.9 mln
Thursday, 30 May 2013, 5:56 pm | Businesswire
May 30 (BusinessDesk) – SmartPay, the eftpos terminal company, narrowed its annual loss to $5.9 million and said it hasn’t yet recorded the full benefits of its restructuring and acquisitions. More >>
MARKET CLOSE: NZ shares fall on signs of weaker Aust growth
Thursday, 30 May 2013, 5:44 pm | Businesswire
May 30 (BusinessDesk) – New Zealand shares fell, paced by Nuplex Industries, as investors fret about the pace of Australia’s economic growth, the impact on earnings across the Tasman for kiwi companies and the reduced prospects for an interest rate ... More >>
Tenon shares soar as mouldings maker flags return to profit
Thursday, 30 May 2013, 4:18 pm | Businesswire
May 30 (BusinessDesk) – Tenon, the wood mouldings company, said it may return to profit this year as a pickup in the US housing market stokes demand for building products. The shares soared 16 percent. More >>
NZ Guardian Trust reverts to normal-sized dividends
Thursday, 30 May 2013, 2:48 pm | Businesswire
May 30 (BusinessDesk) – New Zealand Guardian Trust, the trustee company acquired by ASX-listed Trust Co in early 2011, has reverted to a lower dividend based on earnings after making a bigger payment to its former owner as part of the sale agreement. More >>
Hubbard investors receive further payments as assets sold
Thursday, 30 May 2013, 1:51 pm | Businesswire
May 30 (BusinessDesk) – Hubbard Management Fund investors will receive a third payment of 15 cents in the dollar from statutory managers, taking the total returned so far from the distressed fund to 40 cents in the dollar. More >>
Westland Milk follows Fonterra is raising payout forecast
Thursday, 30 May 2013, 12:22 pm | Businesswire
May 30 (BusinessDesk) – Westland Milk Products, the Hokitika-based dairy cooperative, has raised its payout forecast for the 2014 season on expectations prices will be underpinned by strong demand and a global shortage of milk. More >>
MIDDAY UPDATE: RBNZ’s Wheeler happy for more FX intervention
Thursday, 30 May 2013, 12:13 pm | Businesswire
May 30 (BusinessDesk) – Reserve Bank governor Graeme Wheeler says he’s happy to scale up his currency intervention in a bid to keep a lid on the kiwi dollar, though he’s realistic about what he can do. More >>
Genesis Energy to trim $75M from capital bonds, modify terms
Thursday, 30 May 2013, 10:48 am | Businesswire
Genesis Energy to trim $75M from capital bonds, modify terms for S&P criteria change More >>
PGG Wrightson managing director Gould to step down in August
Thursday, 30 May 2013, 10:38 am | Businesswire
May 30 (BusinessDesk) – PGG Wrightson managing director George Gould will step down from New Zealand’s biggest rural technology and services firm after helping refocus the company. More >>
Metlifecare to raise $80M via placement, share purchase plan
Thursday, 30 May 2013, 9:38 am | Businesswire
May 30 (BusinessDesk) – Metlifecare, the retirement village operator whose shares have jumped 60 percent in the past year, plans to raise up to $80 million in a placement and share purchase plan as it rolls out its expansion plans. More >>
NZEC still seeking funding solution for Origin assets
Thursday, 30 May 2013, 9:34 am | Businesswire
May 30 (BusinessDesk) – Canadian-based oil and gas minnow, New Zealand Energy Corp, says it’s still considering how to fund a C$42 million purchase of assets from Origin Energy while seeking solutions to falling oil production that have contributed ... More >>
Mainfreight earnings growth stalls as Europe struggles
Wednesday, 29 May 2013, 9:44 am | Businesswire
May 29 (BusinessDesk) – Mainfreight confirmed earnings growth stalled in its latest year, even as it achieved record sales, as the transport group struggles to bed down its European business in the face of a weak regional economy. More >>
Smith embarrasses Labour over Bathurst
Tuesday, 28 May 2013, 4:24 pm | Businesswire
May 28 (BusinessDesk) – Conservation Minister Nick Smith batted off Opposition questions in Parliament about granting access for a coking coal mine to Bathurst Resources with a letter from the Labour Party’s West Coast MP Damien O’Connor ... More >>
Cayman Islands-owned Mangakahia Forest lists harvest by 60%
Tuesday, 28 May 2013, 1:49 pm | Businesswire
May 28 (BusinessDesk) – Greenheart NZ Forestry, the Northland forester whose ultimate owner shifted from failed Sino-Forest Corp to a Cayman Islands based company this year, has lifted its annual harvest by 60 percent and sales by 35 percent, its 2012 ... More >>
MIDDAY UPDATE: Tower gains after asset sales
Tuesday, 28 May 2013, 12:23 pm | Businesswire
May 28 (BusinessDesk) – Shares in Tower surged 8.8 percent to $1.85 after the insurer signalled its asset sales will see more capital returned to shareholders, and kept it in the black in the first half of the year. More >>
MARKET CLOSE: NZ shares drop; GPG falls on pension jitters
Monday, 27 May 2013, 5:39 pm | Businesswire
May 27 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index down to a month-low, as investors fretted about the UK’s regulator focus on Guinness Peat Group’s pension liabilities and a brokerage put a sell order on Trade Me after ... More >>
Meridian could be sold in two chunks Key
Monday, 27 May 2013, 5:25 pm | Businesswire
May 27 (BusinessDesk) – The Meridian Energy partial privatisation is so large it may have to be split in two for the government to meet its commitment that the company will be between 85 percent and 90 percent New Zealand-owned when it lists, Prime ... More >>
MIDDAY UPDATE: Kiwi dollar at 4 ½ year high vs. Aust rival
Monday, 27 May 2013, 12:11 pm | Businesswire
May 27 (BusinessDesk) – The New Zealand dollar rose to a four-and-a-half year high against its Australian counterpart as investors become more attracted to the smaller partner’s higher interest rates. More >>
World Week Ahead: Fed QE words awaited
Monday, 27 May 2013, 8:42 am | Businesswire
May 27 (BusinessDesk) – Investors will eye Federal Reserve officials Eric Rosengren and Sandra Pianalto in the coming day for further clues on the timing of a taper of bond buying under the US central bank’s quantitative easing policy. More >>
Bupa gains court approval to buy Dental Corp in Aust, NZ
Friday, 24 May 2013, 5:36 pm | Businesswire
May 24 (BusinessDesk) – Bupa Group, a London-based healthcare provider, gained court approval to buy Dental Corp, Australia and New Zealand’s largest dental group, for 244 million British pounds. More >>
