Businesswire | Scoop InfoPages

InfoPages

Contact

Scoop

Network

Scoop InfoPages

This InfoPage in unregistered, if this is your news page register Businesswire for InfoPages here.

Businesswire - Latest News [Page 72]

Marlborough Lines to lift Horizon stake to 15%

Wednesday, 30 June 2010, 9:21 am | Businesswire

June 30 (BusinessWire) - Marlborough Lines Ltd. is resuming its investment into Horizon Energy Distribution Ltd., offering to buy enough shares to lift its holding to 15% from 10.1%. More >>

While you were sleeping: Hammer drops on equities

Wednesday, 30 June 2010, 7:53 am | Businesswire

June 30 (Business Wire) - Stocks and base metals fell, while perceived safe-haven investments such as gold and U.S. Treasuries rose on renewed evidence of a slowdown in the pace of the global economic recovery. More >>

MARKET CLOSE: NZ stocks fall; GPG slides on Gibbs

Tuesday, 29 June 2010, 5:58 pm | Businesswire

June 29 (BusinessWire) – New Zealand stocks fell for their fourth successive day, taking the NZX 50 Index below 3,000 points for their first time since June 8, with Guinness Peat Group falling on the news that director Tony Gibbs was sacked and Fisher ... More >>

Genesis Research sells cornerstone stake to UBNZ

Tuesday, 29 June 2010, 5:54 pm | Businesswire

June 29 (BusinessWire) – Interests associated with May Wang, the businesswoman who managed to stave off bankruptcy related to debts at her Dynasty group of companies, have taken a small stake in Genesis Research and Development Corp. More >>

Best St Laurence debentures can get is 32 cents

Tuesday, 29 June 2010, 1:24 pm | Businesswire

June 29 (BusinessWire) – Secured debenture holders of failed finance company St Laurence Ltd. will get 15 cents to 22 cents in the dollar back from their investment provided the receivers can sell remaining assets in an orderly fashion. More >>

Commercial building permits in doldrums

Tuesday, 29 June 2010, 12:09 pm | Businesswire

June 29 (BusinessWire) – New Zealand’s commercial property sector stayed in the doldrums last month with permits for new construction down to a five-month low, while consents for new homes, excluding apartments, slid to their weakest level since January. More >>

UPDATED: GPG shares drop as Gibbs dumped

Tuesday, 29 June 2010, 11:28 am | Businesswire

by Jonathan Underhill June 29 (BusinessWire) – Shares of Guinness Peat Group sank more than 5% after the investment company sacked long-serving New Zealand executive director Tony Gibbs after a board rift over strategy culminated in his unauthorized ... More >>

Gibbs says he was ‘fired for telling the truth’

Tuesday, 29 June 2010, 9:34 am | Businesswire

by Jonathan Underhill June 29 (BusinessWire) – Tony Gibbs says he was “fired for telling the truth” from the board of Guinness Peat Group, ending a 20-year association with Ron Brierley after making an unauthorized statement objecting to ... More >>

Kiwi holds below 71 US cents as euro falls

Tuesday, 29 June 2010, 9:21 am | Businesswire

June 29 (BusinessWire) – The New Zealand dollar held below 71 U.S. cents after data showed local firms’ outlook for the future dimmed, while the euro came under pressure amid an upbeat assessment of Switzerland’s exports by the country’s ... More >>

Stocks to watch: ALF, CUE, GPG, NEW, SKT, SCY

Tuesday, 29 June 2010, 9:19 am | Businesswire

June 29 (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 >>

Gibbs dumped from GPG board over demerger stoush

Tuesday, 29 June 2010, 8:56 am | Businesswire

June 29 (BusinessWire) – Tony Gibbs was dumped from the board of Guinness Peat Group, after making an unauthorized statement objecting to the investment company’s plan to spin off its Australian assets. More >>

While you were sleeping: Equities rally checked

Tuesday, 29 June 2010, 8:02 am | Businesswire

June 29 (Business Wire) - Equities were higher, especially in Europe, though gains were expected to be limited ahead of several key economic reports from the U.S. government later this week. More >>

New Image says shares undervalued, weighs buyback

Monday, 28 June 2010, 6:24 pm | Businesswire

June 28 (BusinessWire) – New Image Group Ltd., which makes health tonics based on bovine colostrums, said its shares are undervalued and the company may re-introduce its share buy-back programme. More >>

GPG's Gibbs "not ashamed" to have broken ranks

Monday, 28 June 2010, 6:15 pm | Businesswire

GPG’s Gibbs says he’s ‘not ashamed’ to have broken ranks, wants Coats sold More >>

MARKET COSE: NZ stocks fall; PGC, TEL, SKT drop

Monday, 28 June 2010, 5:54 pm | Businesswire

June 28 (BusinessWire) – New Zealand stocks fell, rounding out the NZX 50 Index’s third successive daily decline, after a survey showed business confidence has waned, stoking concerns that companies may struggle to increase earnings this year. Pyne ... More >>

Wall St reforms to drive up NZ lenders' costs

Monday, 28 June 2010, 5:10 pm | Businesswire

June 28 (BusinessWire) – American lenders will face increased cost of capital as a result of sweeping reforms to financial regulation, with the changes also to be felt in New Zealand because of local banks’ reliance on offshore funding. More >>

Smiths City profit rises 62%; interest costs fall

Monday, 28 June 2010, 4:10 pm | Businesswire

June 28 (BusinessWire) - Smiths City Ltd., the Christchurch furniture and electronics retailer, made a net profit of $1.64 million in the year to April 30, up 62% on the previous year, by slashing its interest bill as sales fell 5.3% to $226.1 million. More >>