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Businesswire - Latest News [Page 62]

MARKET CLOSE: NZ stocks fall led by WHS, retailers

Thursday, 22 July 2010, 6:15 pm | Businesswire

July 22 (BusinessDesk) – New Zealand stocks fell, pushing the NZX 50 Index below 3000 after a survey showing weaker consumer confidence weighed on retailers including Warehouse Group Ltd., Pumpkin Patch Ltd. and Hallenstein Glasson Holdings. More >>

Ageing pop. will require new policies: Treasury

Thursday, 22 July 2010, 5:45 pm | Businesswire

by Paul McBeth July 22 (BusinessDesk) – Future governments will have to address the rising cost of an ageing population by considering a higher retirement age and pension means-testing to rein in unsustainable levels of government spending, according ... More >>

Consumer confidence takes another knock

Thursday, 22 July 2010, 4:51 pm | Businesswire

July 22 (BusinessDesk) – New Zealand consumer confidence fell for a second month as more people felt worse off than they did a year ago, amid higher electricity and petrol prices and ongoing weakness in the housing market. More >>

SFO starts new Blue Chip probe

Thursday, 22 July 2010, 4:16 pm | Businesswire

July 22 (BusinessDesk) - The Serious Fraud Office is to investigate allegations against an employee of the failed property investment group, Blue Chip, for alleged misinformation to investors and altering loan documents to induce financiers to lend. More >>

Smallfry nip at big power retailer heels: Forbarr

Thursday, 22 July 2010, 2:56 pm | Businesswire

July 22 (BusinessDesk) - Competition for retail electricity customers is changing, with strongest customer gains coming from new retailers, while Mercury Energy's growth of recent months has halted, says broker Forsyth Barr. More >>

Methven forecasts 'creditable' profit improvement

Thursday, 22 July 2010, 1:48 pm | Businesswire

July 22 (BusinessDesk) - Tap-maker Methven Ltd. is forecasting a "better result" in the financial year to March 2011, but says the fragility of the New Zealand and U.K. economic recoveries make it "foolhardy" to put a number on it. More >>

Rakon buys French rival Temex for 400,000 euros

Thursday, 22 July 2010, 12:00 pm | Businesswire

July 22 (BusinessDesk) – Rakon Ltd. will buy the assets of French rival Temex for 400,000 euros, gaining access to satellite and space station transport applications to complement its existing European operations. More >>

NZ dollar sinks as Bernanke talks down US recovery

Thursday, 22 July 2010, 10:04 am | Businesswire

July 22 (BusinessDesk) – The New Zealand dollar declined as Federal Reserve chairman Ben Bernanke was downbeat on America’s economic recovery, spooking markets and sending stocks on Wall Street lower. More >>

Stocks to watch: Air NZ, Fletcher, NZR, OGC, WDT

Thursday, 22 July 2010, 9:47 am | Businesswire

July 22 (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 where sleeping: Uncertainty hurts stocks

Thursday, 22 July 2010, 7:33 am | Businesswire

July 22 (BusinessDesk) - U.S. equities fell after U.S. Federal Reserve Chairman Ben Bernanke said the economic outlook remains “unusually uncertain.” More >>

MARKET CLOSE: NZX50 gains, construction strong

Wednesday, 21 July 2010, 6:09 pm | Businesswire

July 21 (BusinessDesk) – New Zealand stocks rose for a second day as an increase in American building permits stoked investors’ appetite for New Zealand’s construction sector, with Nuplex Holdings, Steel & Tube Holdings, and Fletcher Building Ltd. ... More >>

NZ Refining margin slides with plant outage

Wednesday, 21 July 2010, 3:06 pm | Businesswire

July 21 (BusinessDesk) - The New Zealand Refining Company Ltd reported gross refining margins falling to US$3.83 per barrel in May and June, following a recovery from last year's slump earlier in the year, on throughput of 6.4 million barrels. More >>

OceanaGold testing new minerals area at Frasers

Wednesday, 21 July 2010, 2:12 pm | Businesswire

July 21 (BusinessDesk) - OceanaGold Corp. released its second strong indication this month of extensions to known resources at its Frasers Underground mine, in Otago, with "the first indication of a new possible new area of mineralisation", ... More >>

Australians help NZ tourism hit annual record

Wednesday, 21 July 2010, 12:07 pm | Businesswire

July 21 (BusinessDesk) – New Zealand’s tourist numbers reached 2.5 million for the first time in a 12-month period in June as Australians kept coming across the ditch for a cheap holiday, though economists warn the golden weather may have passed. More >>

Wellington Drive sees sales growth, parts shortage

Wednesday, 21 July 2010, 11:51 am | Businesswire

July 21 (BusinessDesk) – Wellington Drive Technologies Ltd., the manufacturer and marketer of highly efficient electric motors, has orders well above sales for the first time since 1998. More >>

Hurunui water take frozen for 14 months

Wednesday, 21 July 2010, 11:36 am | Businesswire

July 21 (BusinessDesk) - No new water allocation from the Hurunui River catchment will be allowed before October next year, under a moratorium announced this morning by Environment Minister Nick Smith and the chair of the Environment Canterbury commissioners, ... More >>