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Businesswire - Latest News [Page 74]

South Canterbury offers fat returns at 8%

Thursday, 24 June 2010, 2:50 pm | Businesswire

June 24 (BusinessWire) – Allan Hubbard’s fall from grace, with the Serious Fraud Office probing his lending activity, masks the fact South Canterbury Finance is offering the fattest government-guaranteed returns anywhere in New Zealand. More >>

L&M Energy shares halted pending capital plan

Thursday, 24 June 2010, 12:50 pm | Businesswire

June 24 (BusinessWire) – Shares of L&M Energy Ltd. were halted from trading pending a statement on a capital raising plan. More >>

NZ economic growth slows; private sector subdued

Thursday, 24 June 2010, 12:01 pm | Businesswire

June 24 (BusinessWire) – New Zealand’s economic growth slowed in the first quarter, as expected, with the private sector remaining subdued and households reluctant to ramp up their spending. More >>

Landcorp bit for Crafar farms a 'clean deal'

Thursday, 24 June 2010, 10:58 am | Businesswire

June 24 (BusinessWire) – Landcorp Farming Ltd., the state owned enterprise and New Zealand’s largest farmer, says its offer to purchase the 16 Crafar family dairy farms is probably easier than an offshore bit, though it won’t necessarily top ... More >>

SmartPay raises $870,000 in share purchase plan

Thursday, 24 June 2010, 10:35 am | Businesswire

June 24 (BusinessWire) – SmartPay Ltd., the EFTPOS company that acquired assets from the failed ProvencoCadmus group last year, raised $870,000 in a share purchase plan at a 15% discount to strengthen its balance sheet. More >>

GDP stats expected to underpin Kiwi

Thursday, 24 June 2010, 9:31 am | Businesswire

by Paul McBeth June 24 (BusinessWire) – The New Zealand dollar may extend its gains with first quarter gross domestic product figures out this morning expected to show the economic recovery has slowed down. More >>

Stocks to watch: DPC, KIP, NAP, NZO, PEB

Thursday, 24 June 2010, 9:23 am | Businesswire

June 23 (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 >>

National Property manager to step aside

Thursday, 24 June 2010, 8:09 am | Businesswire

June 24 (BusinessWire) – The manager of National Property Trust agreed to relinquish its management rights for $2.5 million and sell back its holding in the property investor, bowing to pressure from a group of unitholders including the Cushing family. More >>

While you were sleeping: Fed's cautious comments

Thursday, 24 June 2010, 8:06 am | Businesswire

June 24 (Business Wire) - Investors were left unsure of where to place their bets after the Federal Reserve reaffirmed its intent to keep U.S. interest rates at record lows for an indefinite period because the global economic outlook was becoming clouded. More >>

Dorchester securities to go on NZX, Unlisted

Wednesday, 23 June 2010, 6:43 pm | Businesswire

June 23 (BusinessWire) – Dorchester Pacific Ltd., the financier and insurer facing receivership if it can’t convince debenture holders to accept a complex asset swap, is offering securities that trade on the NZX and the Unlisted platform as part of ... More >>

MARKET CLOSE: NZ shares mixed; KIP up, banks down

Wednesday, 23 June 2010, 6:10 pm | Businesswire

June 23 (BusinessWire) – New Zealand shares were mixed. Westpac Banking Corp. and Australia & New Zealand Banking Group fell, tracking declines in global markets, while Guinness Peat Group and Kiwi Income Property Trust rose. More >>

Wellington Drive moves closer to return to profit

Wednesday, 23 June 2010, 3:40 pm | Businesswire

June 23 (BusinessWire) – Wellington Drive Technologies Ltd., the world’s leading manufacturer of highly efficient brushless electric motors for the commercial refrigeration and ventilation markets, says improving profitability shows the company’s strategic ... More >>

Pacific Edge secures new cancer detection patent

Wednesday, 23 June 2010, 2:21 pm | Businesswire

June 23 (BusinessWire) – Pacific Edge Biotechnology Ltd., the Dunedin-based biomedical company developing and commercializing technologies for cancer detection has been awarded a New Zealand patent for its colorectal cancer prognostic technology. More >>

Tiddlers winning electricity customer war

Wednesday, 23 June 2010, 2:17 pm | Businesswire

June 23 (BusinessWire) - Small-fry new entrants to electricity retailing, Powershop and Pulse Utilities, are showing the strongest customer growth in the latest figures on customers switching power companies from the Electricity Commission. More >>

SMELLIE SNIFFS THE BREEZE: What if?

Wednesday, 23 June 2010, 1:54 pm | Businesswire

June 22 (BusinessWire) - What if, after years of alleged inaction against some of the country's greediest charlatans, the investment watchdogs savaged a poodle or, worse, a lovable labrador? More >>

Employment confidence on the up and up

Wednesday, 23 June 2010, 12:11 pm | Businesswire

June 23 (BusinessWire) – Workers' confidence about their current and future prospects has leapt in the June quarter, reinforcing unemployment statistics that look increasingly likely to be stable or continue to fall over the next two quarters. More >>