Scoop has an Ethical Paywall
Scoop InfoPages
This InfoPage in unregistered, if this is your news page register Businesswire for InfoPages here.
Businesswire - Latest News [Page 84]
Morningstar puts ‘avoid’ rating on 2 Brook funds
Monday, 31 May 2010, 5:15 pm | Businesswire
May 31 (BusinessWire) – Morningstar put an ‘avoid’ rating on two Brook Asset Management funds after one of the firm’s founders lured away fund managers to his new investment vehicle. More >>
NZ businesses still confident, ready to hire
Monday, 31 May 2010, 3:55 pm | Businesswire
May 31 (BusinessWire) – New Zealand businesses are still upbeat about the economy over the coming year, and are getting ready to start hiring, with employment intentions at an eight-year high. More >>
Dorchester posts annual loss of $19.1M
Monday, 31 May 2010, 3:18 pm | Businesswire
May 31 (BusinessWire) - Dorchester Pacific Ltd., the financial services company seeking to raise $10 million to exit its moratorium, reported a full-year loss of $19.1 million. More >>
NZ Dollar Outlook: Kiwi fortunes mixed
Monday, 31 May 2010, 2:19 pm | Businesswire
May 31 (BusinessWire) – The New Zealand dollar will be at the whim of local commodity prices and the outlook statement from central banks in Canada and Australia this week, with strategists mixed on the currency’s fortunes. More >>
Methven profit misses guidance on UK impairment
Monday, 31 May 2010, 11:03 am | Businesswire
May 31 (BusinessWire) – Methven Ltd., the tapware and bathroom products manufacturer, posted a 22% decline in full-year earnings, missing its guidance after taking an impairment charge in the U.K., where it lost DIY chain Wickes as a major customer. More >>
Canterbury Building, Southern Cross join guarantee
Monday, 31 May 2010, 10:11 am | Businesswire
May 31 (BusinessWire) – Canterbury Building Society and Southern Cross Building Society are the latest additions to the government’s extended retail deposit guarantee, taking their investors’ protection out to the end of next year. More >>
NZ dollar extends May drop after Spanish downgrade
Monday, 31 May 2010, 9:35 am | Businesswire
May 31 (BusinessWire) – The New Zealand dollar extended its monthly decline after Fitch Ratings downgraded Spain’s sovereign credit rating, keeping investors nervous about the debt crisis plaguing the Euro-zone. More >>
Stocks to watch: ALF, FPA, MFT, MVN, PEB, TWR
Monday, 31 May 2010, 9:32 am | Businesswire
May 31 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading on Friday. All prices are in New Zealand dollars unless specified. More >>
World Week Ahead: Selling on Spain
Monday, 31 May 2010, 7:45 am | Businesswire
May 31 (Business Wire) - Most investors are looking forward to the month of June - and for good reason. The Dow Jones Industrial Average posted its worst May since 1940. More >>
SCF downgraded to B+ amid Hubbard exit
Friday, 28 May 2010, 7:51 pm | Businesswire
May 28 (BusinessWire) –South Canterbury Finance, whose owner Allan Hubbard quit the board after 30 years as chairman, has been downgraded two notches to B+ after it failed to raise money fast enough for Standard & Poor’s. More >>
SMELLIE SNIFFS THE BREEZE: Why sell?
Friday, 28 May 2010, 7:08 pm | Businesswire
by Pattrick Smellie May 28 (BusinessWire) - One big problem about the argument for privatisation is that the most politically palatable reason for doing it - reducing the public debt mountain - is no longer there. More >>
Hubbard steps down from South Canterbury
Friday, 28 May 2010, 6:21 pm | Businesswire
May 28 (BusinessWire) –South Canterbury Finance is seeking an equity partner as part of its succession plan after owner Allan Hubbard stepped down from the board. The firm’s debt rating was cut deeper into junk territory today. More >>
MARKET CLOSE: NZ shares rise; MFT, TWR, FBU gain
Friday, 28 May 2010, 6:03 pm | Businesswire
May 28 (BusinessWire) – New Zealand shares rose for a third straight session as investors, joining a rally that started in Europe after China scotched a report it plans to exit its euro-debt holdings. Mainfreight Ltd. rose after its full-year results ... More >>
Allied lifts Hanover impairments to $51.5mln
Friday, 28 May 2010, 5:46 pm | Businesswire
by Paul McBeth May 28 (BusinessWire) – Allied Farmers Ltd., the Taranaki-based finance company that bought Hanover Finance’s loan books in a debt-for-equity swap last year, has lifted its expected impairment charge to $51.5 million, and still ... More >>
NZ home building consents rise to 2-year high
Friday, 28 May 2010, 11:50 am | Businesswire
May 28 (BusinessWire) - New Zealand’s home-building approvals rose to a two-year high in April, suggesting the property market is heading for a gradual recovery, buffeted by higher interest rates. More >>
Investors on own in seeking refunds, SecCom says
Friday, 28 May 2010, 11:17 am | Businesswire
May 28 (BusinessWire) – The Securities Commission is telling investors they are welcome to demand a refund, plus interest, from finance companies that didn’t offer a registered prospectus, though the regulator won’t do it for them. More >>
F&P Appliances meets full-year guidance, cuts debt
Friday, 28 May 2010, 11:05 am | Businesswire
May 28 (BusinessWire) - Fisher & Paykel Appliances Holdings Ltd. posted a 47% drop in full-year earnings, reflecting weaker sales and unfavourable currency movements, meeting its guidance after a pickup in trading in the second half. One-time impairment ... More >>
Tower pays first interim dividend in 8 years
Friday, 28 May 2010, 10:35 am | Businesswire
May 28 (BusinessWire) – Tower Ltd., the insurer part-owned by Ron Brierley’s Guinness Peat Group, will pay its first interim dividend in eight years after a turnaround in the value of its equity and property portfolios underpinned a surge in revenue. More >>
TSB Bank posts 21% gain in annual pretax earnings
Friday, 28 May 2010, 10:23 am | Businesswire
May 28 (BusinessWire) – TSB Bank, which touts its 100% New Zealand ownership as a point of difference over the four Australian-owned rivals, said annual earnings rose 21% as it took in more deposits and increased lending. More >>
NZ dollar rises above 68 cts as China calms nerves
Friday, 28 May 2010, 9:52 am | Businesswire
May 28 (BusinessWire) – The New Zealand dollar climbed above 68 U.S. cents for the first time in 10 days after China moved to calm rattled investors, saying it didn’t have plans to withdraw its exposure to the Euro-zone. More >>
