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Businesswire - Latest News [Page 71]
Joyce expands scope of NZ's UFB tender
Thursday, 1 July 2010, 11:15 am | Businesswire
July 1 (BusinessDesk) - Bidders for the government's $1.5 billion ultra-fast broadband fund will now be invited to supply plans for "lit" fibre, indicating a profound change in thinking about how to encourage competition on the expanded network. More >>
DNZ halts Unlisted trading, NZX listing vote looms
Thursday, 1 July 2010, 11:08 am | Businesswire
July 1 (BusinessDesk) – DNZ Property Fund Ltd. has halted trading in its shares on the Unlisted exchange as it gears up for next week’s vote on listing on the NZX. More >>
Irongate late with annual report, risks suspension
Thursday, 1 July 2010, 11:05 am | Businesswire
July 1 (BusinessDesk) - Irongate Property Ltd., one of the units of the St Laurence group that escaped receivership, failed to meet the deadline to file its annual report and risks having its $28.9 million of NZX-listed bonds suspended. More >>
NZ dollar falls on concern US recovery waning
Thursday, 1 July 2010, 9:42 am | Businesswire
July 1 (BusinessDesk) – The New Zealand dollar extended its decline to a three-week low as concern America’s economic recovery is waning sapped investors’ appetite for riskier, or higher-yielding, assets, and pushed stocks on Wall Street lower. More >>
Pyne Gould’s Marac buys GMAC’s NZ auto book
Thursday, 1 July 2010, 9:41 am | Businesswire
Pyne Gould’s Marac unit buys GMAC’s NZ auto financing book for $70M cash More >>
Stocks to watch: ALF, DPC, LME, PGC, SKL, SKC, WFD
Thursday, 1 July 2010, 9:34 am | Businesswire
Stocks to watch: ALF, DPC, LME, PGC, SKL, SKC, WFD July 1 (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 ... More >>
MARKET CLOSE: NZX 50 falls near year-low
Wednesday, 30 June 2010, 6:08 pm | Businesswire
MARKET CLOSE: NZ stocks falls on global recovery fears; APN News, Kathmandu and Nuplex slide More >>
Dorchester staves off receivers
Wednesday, 30 June 2010, 5:58 pm | Businesswire
by Paul McBeth June 30 (BusinessWire) – Dorchester Pacific Ltd. has staved off receivership after it managed to convince investors they will get more from accepting a complicated asset swap. More >>
Contact defends ETS pricing decision
Wednesday, 30 June 2010, 4:20 pm | Businesswire
June 30 (BusinessWire) - Contact Energy today rejected "any implication that we are using the emissions trading scheme to cover for inflating prices." More >>
Wakefield’s bid for Norfolk stumbles again
Wednesday, 30 June 2010, 2:56 pm | Businesswire
June 30 (BusinessWire) - Wakefield Health Ltd.’s offer for Norfolk Investments, part-owned of Grace Hospital in Tauranga, has stumbled for a second time after failing to garner enough support from the target company. More >>
Skellerup lifts full-year guidance; stock jumps
Wednesday, 30 June 2010, 2:32 pm | Businesswire
June 30 (BusinessWire) – Skellerup Holdings Ltd. said full-year profit will be ahead of market estimates because of a pickup in its Industrial division in the second half. The shares jumped almost 8% on the news. More >>
L&M Energy completes A$7M placement for coal gas
Wednesday, 30 June 2010, 2:17 pm | Businesswire
June 30 (BusinessWire) – L&M Energy Ltd. completed a placement of about A$7 million to raise funds to develop its coal seam gas project in Southland. More >>
Farmers approve Fonterra share trading plan
Wednesday, 30 June 2010, 2:06 pm | Businesswire
June 30 (BusinessWire) – Fonterra Cooperative Group’s shareholders voted in favour of the dairy company’s proposal to allow them to trade its stock among themselves, in a move that will end its multi-million dollar redemption risk. More >>
Telecom starts laying groundwork for separation
Wednesday, 30 June 2010, 1:51 pm | Businesswire
June 30 (BusinessWire) – Telecom Corp. has launched a charm offensive as it seeks to garner investor support for a proposal to carve out of its profitable network business and tap the government’s $1.35 billion fund to roll-out high-speed internet. More >>
Fonterra urges farmers to free up co-op capital
Wednesday, 30 June 2010, 12:18 pm | Businesswire
June 30 (BusinessWire) – Fonterra Cooperative Group urged its farmer/shareholders to approve plans to make its stock tradable among themselves, freeing up capital for new investments. More >>
Allied accuses Hanover of breach, plans lawsuit
Wednesday, 30 June 2010, 10:38 am | Businesswire
June 30 (BusinessWire) – Allied Farmers Ltd., which took on the Hanover and United loan books in a debt-for-equity swap last year, has accused Hanover Finance of breaching their agreement and will take legal action against the failed finance vehicle of ... More >>
Infratil's Snapper may get surge in sales
Wednesday, 30 June 2010, 9:48 am | Businesswire
June 30 (BusinessWire) - Infratil Ltd., owner of the transport smart card Snapper, is predicting an increase in card sales because of an anomaly in the way Greater Wellington Regional Council is imposing fare increases. More >>
Stocks to watch: AIR, FPH, GEN, GPG, HED, NEW, OGC
Wednesday, 30 June 2010, 9:38 am | Businesswire
June 30 (BusinessWire) – 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 >>
Firms warned not to mislead over ETS price hikes
Wednesday, 30 June 2010, 9:35 am | Businesswire
June 30 (BusinessWire) - Competition watchdog, the Commerce Commission, is warning businesses they face potential court action under the Fair Trading Act if they misrepresent price rises as being caused by the emissions trading scheme or the increase in GST. More >>
NZ dollar falls below 70 cts on global outlook
Wednesday, 30 June 2010, 9:26 am | Businesswire
June 30 (BusinessWire) – The New Zealand dollar dropped below 70 U.S. cents, erasing gains from the past fortnight, amid heightened fears the world may be heading for a double-dip recession after weak Chinese data sent equity markets into a tailspin. More >>
