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Businesswire - Latest News [Page 70]
Gillard backs down on mining super-tax
Friday, 2 July 2010, 4:57 pm | Businesswire
July 2 (BusinessDesk) – Australia's largest mining companies are rejoicing today following renegotiation of the controversial proposal to tax mining "super-profits" that ended deposed Prime Minister Kevin Rudd's political career. More >>
Impey to Pumpkin Patch board
Friday, 2 July 2010, 2:14 pm | Businesswire
July 2 (BusinessDesk) - Veteran broadcast media boss Brent Impey has been appointed to the board of Pumpkin Patch Ltd, the company announced to the NZX today. More >>
Govt expects hit on Vision Securities receivership
Friday, 2 July 2010, 2:04 pm | Businesswire
by Paul McBeth July 2 (BusinessDesk) – The Treasury has started repaying investors in the failed financier Vision Securities Ltd. and expects to claw back “significantly less” than it will pay out under the retail deposit guarantee scheme. Receivers ... More >>
Rents will rise as house prices fall, Westpac says
Friday, 2 July 2010, 1:57 pm | Businesswire
July 2 (BusinessDesk) - House prices will fall gently for the next two years before levelling out, but rents will rise because property investment is now returning less because of the October personal tax cuts, says Westpac in its latest housing market ... More >>
Kiwibank launches its own KiwiSaver scheme
Friday, 2 July 2010, 1:22 pm | Businesswire
July 2 (BusinessDesk) – Kiwibank has launched its own KiwiSaver scheme which it says allows more direct investor control, as well as leading the market in transparency and disclosure of fees. More >>
China logs on as forestry records export record
Friday, 2 July 2010, 1:06 pm | Businesswire
July 2 (BusinessDesk) – Chinese log demand has helped create a New Zealand forestry export boom in spite of other key markets’ subdued construction activity. More >>
New project manager for South Island bank merger
Friday, 2 July 2010, 12:33 pm | Businesswire
July 2 (BusinessDesk) – James Mitchell has been appointed project manager to lead an evaluation of the proposed merger between Canterbury Building Society, Southern Cross Building Society and Pyne Gould Corp. More >>
Mercer debt reshuffled away from SCF
Friday, 2 July 2010, 11:05 am | Businesswire
July 2 (BusinessDesk) – Mercer Group, the stainless steel products manufacturer part-owned by Allan Hubbard, has shuffled its debt away from embattled financier South Canterbury Finance and to another related party. More >>
Postie Plus predicts sales growth of 4.5%
Friday, 2 July 2010, 10:47 am | Businesswire
July 2 (BusinessDesk) – Postie Plus Group sales tapered off in May and June after a surge in the first four months of the year, and the clothing retailer is predicting annual sales growth of 4.5%. More >>
NZ dollar pares loss on weak US data
Friday, 2 July 2010, 9:59 am | Businesswire
July 2 (BusinessDesk) – The New Zealand dollar pared its losses after weak data in the U.S. sapped investors’ demand for the greenback as stocks on Wall Street and in Europe tumbled amid signs of a slowdown in Chinese manufacturing. The Dollar ... More >>
Stocks to watch: ALF, LPC, NAP, RBD, TEL
Friday, 2 July 2010, 9:22 am | Businesswire
Stocks to watch: ALF, LPC, NAP, RBD, TEL July 2 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading in the last session. All prices are in New Zealand dollars unless specified. More >>
While you were sleeping: Good news awaited
Friday, 2 July 2010, 8:06 am | Businesswire
July 2 (BusinessDesk) - Equities slid overnight amid further signs of economic weakness in China, Europe and the U.S. though some market watchers were starting to see buying opportunities ahead of the start of the second-quarter earnings season. More >>
Willis Bond property fund raises $128M
Thursday, 1 July 2010, 6:53 pm | Businesswire
July 1 (BusinessDesk) - Willis Bond & Co., the Wellington-based property developer, said it raised a $128 million for its private equity real estate fund that will target commercial property opportunities. More >>
MARKET CLOSE: NZ stocks fall; NZS, NZR, PPL drop
Thursday, 1 July 2010, 5:55 pm | Businesswire
July 1 (BusinessWire) – New Zealand stocks fell, pushing the NZX 50 Index to a 12-month low, joining a global slide on reports that Moody’s Investors Service may cut Spain’s top credit rating and after weaker manufacturing growth in China. ... More >>
Long-serving Contact director departs
Thursday, 1 July 2010, 5:45 pm | Businesswire
July 1 (BusinessDesk) - One of Contact Energy Ltd.'s two remaining founder directors, John Milne, has retired from the company, having served since the company was created as a state-owned enterprise in 1995. More >>
Lyttelton Port adds land to inland facility
Thursday, 1 July 2010, 5:43 pm | Businesswire
Lyttelton Port adds land to inland facility July 1 (BusinessDesk) - Lyttelton Port of Christchurch Ltd is buying 7.3 hectares of industrial land next to its existing "inland port" infrastructure , six kilometres from the port facility itself. More >>
Allied Farmers gets debt extension
Thursday, 1 July 2010, 5:32 pm | Businesswire
July 1 (BusinessWire) - Allied Farmers Ltd has secured an extension of almost three months to complete renegotiation of debt facilities with its banker, Westpac. More >>
Irongate vows to meet new annual report deadline
Thursday, 1 July 2010, 5:31 pm | Businesswire
July 1 (BusinessDesk) - Irongate Property Ltd. vowed to meet the July 7 deadline to file its annual report and avoid having its bonds suspended from the NZX though it also disclosed a covenant breach. More >>
Satara warns of profit drop as fruit volumes fall
Thursday, 1 July 2010, 5:05 pm | Businesswire
July 1 (BusinessDesk) – Satara Cooperative Group, the fruit packer and coolstore operator, is forecasting “significantly” reduced earnings for 2010 due to a lower level of crop processing as well as a one-off removal of tax deductibility for building ... More >>
Restaurant Brands ups profit forecast, shares jump
Thursday, 1 July 2010, 1:30 pm | Businesswire
by Paul McBeth July 1 (BusinessDesk) – Fast food franchise owner Restaurant Brands NZ Ltd. has boosted its forecast profit for the financial year, helping its shares near a 13-year high. More >>
