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Businesswire - Latest News [Page 8]
SkyCity agrees to buy Queenstown’s Wharf Casino for $5M
Monday, 20 May 2013, 9:33 am | Businesswire
May 20 (BusinessDesk) - SkyCity Entertainment Group has agreed to buy Queenstown’s Wharf Casino for $5 million from Malaysia’s Lasseters, adding 74 electronic gaming machines and six gaming tables to its existing operations in the resort town. More >>
NZ dollar hits 8 ½ mth low as US recovery continues
Monday, 20 May 2013, 9:14 am | Businesswire
NZ dollar hits 8 ½ mth low as improving US economy spurs speculation of end to QE More >>
Quadrant sells down Summerset stake at $2.90 a share
Friday, 17 May 2013, 3:55 pm | Businesswire
May 17 (BusinessDesk) - Summerset Group shareholder Quadrant Private Equity sold down its stake in the retirement village operator at $2.90 a share, raising some $89 million, and taking advantage of the stock’s 34 percent advance this year. More >>
Nuplex cuts guidance again as Aust manufacturing splutters
Friday, 17 May 2013, 3:33 pm | Businesswire
May 17 (BusinessDesk) – Nuplex Industries cut the range for its full-year earnings guidance by about $11 million, saying Australia’s manufacturing slump has dented demand for its resins, specialty chemicals and plastic additive products. The shares ... More >>
Quadrant selling down 37% stake in Summerset; shares halted
Friday, 17 May 2013, 1:32 pm | Businesswire
May 17 (BusinessDesk) - Summerset Group shareholder Quadrant Private Equity is selling down its 37.2 percent stake in the retirement village operator, taking advantage of the stock’s 34 percent advance this year. More >>
CORRECT: Heartland among eight banks put on notice by S&P
Friday, 17 May 2013, 12:44 pm | Businesswire
CORRECT: Heartland among eight local banks put on notice over rising housing risk by S&P More >>
MIDDAY UPDATE: S&P puts knockers on small local banks
Friday, 17 May 2013, 12:35 pm | Businesswire
May 17 (BusinessDesk) – Global ratings agency Standard & Poor’s has raised the spectre of downgrading eight smaller banks in New Zealand over the country’s heating property market and continuing reliance on foreign investment. More >>
Rebound in power prices drives gain in producer prices
Friday, 17 May 2013, 11:46 am | Businesswire
May 17 (BusinessDesk) - New Zealand producers’ input and output prices posted the biggest gains in almost two years in the first quarter, driven by a rebound in electricity prices and higher prices for dairy manufacturers. More >>
NZ dollar slumps on speculation Fed may end easing this year
Friday, 17 May 2013, 9:14 am | Businesswire
May 17 (BusinessDesk) - The New Zealand dollar slumped to its lowest this year on expectations an improving US economy may prompt its central bank to end its quantitative easing policy this year. More >>
MARKET CLOSE: NZ shares fall as Telecom cuts guidance
Thursday, 16 May 2013, 5:51 pm | Businesswire
May 16 (BusinessDesk) – New Zealand shares fell after Telecom said competition in fixed-line sales meant full-year earnings would be at the bottom end of guidance, while Ryman Healthcare rose after chalking up another year of plus-15 percent earnings ... More >>
Wgtn Airport says airline revenue jump reflects noise fee
Thursday, 16 May 2013, 5:13 pm | Businesswire
May 16 (BusinessDesk) – Wellington International Airport, which the Commerce Commission deems is extracting excessive profits, says a 20 percent increase in revenue from its airline customers reflects a new noise levy and the absence of an international ... More >>
BUDGET 2013: NZDMO trims $3 bln from borrowing programme
Thursday, 16 May 2013, 2:06 pm | Businesswire
May 16 (BusinessDesk) – The New Zealand Debt Management Office will cut its borrowing programme by $3 billion over the next two years as the government looks to clamp down on its growing interest bill and build a buffer for future shocks. More >>
BUDGET 2013: English signs off on Reserve Bank’s new toolkit
Thursday, 16 May 2013, 2:05 pm | Businesswire
May 16 (BusinessDesk) – Finance Minister Bill English has given the tick of approval to the Reserve Bank’s new set of tools to cool asset bubbles, the most pressing of which is the country’s heated property market. More >>
BUDGET 2013: Residential rebuild in Canterbury ‘key driver’
Thursday, 16 May 2013, 2:04 pm | Businesswire
May 16 (BusinessDesk) - Some $18 billion of new residential housing in Canterbury, accounting for almost half the region’s rebuild, will be the key driver behind New Zealand’s 2.5 percent annual rate of growth over the next four years. More >>
Wellington Airport lifts FY revenue from airlines by 20%
Thursday, 16 May 2013, 10:07 am | Businesswire
May 16 (BusinessDesk) – Wellington International Airport, which was deemed by the Commerce Commission to be extracting excessive profits in February, posted a 20 percent increase in full-year revenue from its three main airline customers, its results ... More >>
Goodman Trust records 1st lift in portfolio value since 2008
Wednesday, 15 May 2013, 12:23 pm | Businesswire
May 15 (BusinessDesk) – Goodman Property Trust, which is managed by a unit of ASX-listed Goodman Group, recorded the first increase in the value of its portfolio since 2008, adding to accounting adjustments that contributed to a 92 percent jump in annual ... More >>
MIDDAY UPDATE: NZ housing overvalued by 25%, IMF says
Wednesday, 15 May 2013, 12:14 pm | Businesswire
May 15 (BusinessDesk) – New Zealand’s heated property market is already overvalued by about 25 percent, and if prices keep rising will spur an interest rate hike, according to the International Monetary Fund. More >>
GPG’s cash holdings rise to 329M pounds on asset sales
Wednesday, 15 May 2013, 10:32 am | Businesswire
May 15 (BusinessDesk) - Guinness Peat Group, which expects to rebrand itself as UK threadmaker Coats in the second quarter, has lifted its cash holdings to 329 million pounds, with a further 38 million pounds pending, though its UK pension liabilities ... More >>
Air NZ reviews Japan flights as weaker yen crimps profits
Tuesday, 14 May 2013, 3:02 pm | Businesswire
May 14 (BusinessDesk) – Air New Zealand, the national carrier, is reviewing its flights from Japan as a decline in the yen crimps the value of Japanese sales when it brings the money home. More >>
From the Farm: Dairy exposure
Tuesday, 14 May 2013, 1:21 pm | Businesswire
Synlait Milk was a name fund managers and brokers sneered at in 2009, giving its advisers such lukewarm feedback that the Canterbury-based firm abandoned plans for a $150 million IPO. It turned to Bright Dairy & Food for support, giving the ... More >>
