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Businesswire - Latest News [Page 85]
Stocks to watch: AIA, FPA, FPH, MFT, STH, TEL, TWR
Friday, 28 May 2010, 9:50 am | Businesswire
May 28 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
While you were sleeping: China boosts euro zone
Friday, 28 May 2010, 7:21 am | Businesswire
May 28 (Business Wire) - Shares in Europe and the U.S. gained after China said it was committed to investing in Europe allaying concern the debt crisis would worsen. More >>
MARKET CLOSE: NZ shares gain for 2nd day; FBU up
Thursday, 27 May 2010, 6:11 pm | Businesswire
May 27 (BusinessWire) – New Zealand shares rose for a second day, led by Cavalier Corp., Fletcher Building Ltd. and Fisher & Paykel Healthcare amid perceptions the recent rout pushed prices down to levels that are relatively attractive. More >>
Telecom reins in units’ autonomy to cut costs
Thursday, 27 May 2010, 3:11 pm | Businesswire
May 27 (BusinessWire) – Telecom Corp., New Zealand’s biggest phone company, is bringing more of its business units’ operations under central management control as it looks to rein in its expenditure as falling prices weigh on earnings. More >>
Tasman Farms to exit Unlisted, raise more funds
Thursday, 27 May 2010, 1:31 pm | Businesswire
May 27 (BusinessWire) – Tasman Farms Ltd., which operates dairy, beef and sheep farms in Tasmania, will delist from the Unlisted platform as a condition of a cash injection from its majority shareholder, the New Plymouth District Council. More >>
Postie Plus 3Q sales rise 4.3%
Thursday, 27 May 2010, 1:18 pm | Businesswire
Postie Plus 3Q sales rise 4.3%, putting retailer on track to meet target of annual profit growth More >>
Telecom's Reynolds floats de-merger option
Thursday, 27 May 2010, 12:40 pm | Businesswire
May 27 (BusinessWire) - Telecom New Zealand Ltd could be split into two listed companies giving shareholders exposure to the fortunes of both Telecom's retail business and its fibre business, chief executive Paul Reynolds has suggested this morning at an ... More >>
NZ posts first annual trade surplus since 2002
Thursday, 27 May 2010, 11:58 am | Businesswire
May 27 (BusinessWire) – New Zealand recorded its first annual trade surplus since 2002 last month as the impact of recession caused the value of imports to drop by twice as much as exports. More >>
Drop deficits faster, IMF tells government
Thursday, 27 May 2010, 10:45 am | Businesswire
May 27 (BusinessWire) - New Zealand has weathered the global financial crisis well, but needs to cut government spending and projected deficits faster than currently planned to give the country an adequate cushion, given the risks that the global ... More >>
Mainfreight lifts profit by 2.5% as volumes fall
Thursday, 27 May 2010, 10:34 am | Businesswire
May 27 (BusinessWire) – Mainfreight Ltd., the trucking firm whose shares have performed twice as well as the NZX 50 Index in the past 12 months, posted a 2.5% gain in profit, reflecting cost cuts and a drop in one-time charges. More >>
Sanford first-half profit tumbles 79% on prices
Thursday, 27 May 2010, 9:50 am | Businesswire
Sanford Ltd., the NZX-listed fishing company, posted a 79% slump in first-half profit on weaker prices for skipjack tuna and mussels and said there are early signs markets will improve in the second six months of the year. More >>
Stocks to watch: Mainfreight, Sanford, FPH, TEL
Thursday, 27 May 2010, 9:47 am | Businesswire
May 27 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
NZ dollar falls after IMF says kiwi overvalued
Thursday, 27 May 2010, 9:32 am | Businesswire
May 27 (BusinessWire) – The New Zealand dollar extended its decline after the International Monetary Fund said the currency was overvalued by between 10% and 25%, prompting a kneejerk reaction among investors to sell off their holdings in the kiwi. More >>
While you were sleeping: Focus on good news
Thursday, 27 May 2010, 7:54 am | Businesswire
May 27 (Business Wire) - Stocks in the U.S. and Europe advanced as investors drew confidence from better-than-expected reports on global economic growth. More >>
MARKET CLOSE: NZ shares gain; Telecom up, FPH down
Wednesday, 26 May 2010, 5:53 pm | Businesswire
May 26 (BusinessWire) – New Zealand shares gained as Telecom Corp. lifted from its two-decade lows and after a more bullish assessment of the outlook from Fonterra Cooperative Group lifted rural-related companies such as PGG Wrightson. More >>
Botherway to head super-regulator establishment
Wednesday, 26 May 2010, 5:53 pm | Businesswire
May 26 (BusinessWire) - Activist fund manager Simon Botherway has been appointed to chair the establishment board for the new Financial Market Authority, the so-called "super-regulator" that will bring under one roof and give teeth to New ... More >>
Mortgage-backed securities return with NZF offer
Wednesday, 26 May 2010, 5:30 pm | Businesswire
First mortage-backed securities offer in three years comes to market May 26 (BusinessWire) - The first offer of mortgage-backed securities in three years is being wheeled up for institutional investors by NZF Group, seeking to sell $100 million of securities, ... More >>
Offshore VC funding project under way
Wednesday, 26 May 2010, 5:06 pm | Businesswire
May 26 (BusinessWire) - A project to attract foreign venture capital to New Zealand are under way in a project revealed today by a progress update from Commerce Minister Simon Power on the recommendations of the Capital Markets Development Taskforce. More >>
Swag of capital market policy reports due in June
Wednesday, 26 May 2010, 4:54 pm | Businesswire
May 26 (BusinessWire) - Progress on the recommendations of the Capital Markets Development Taskforce is occurring, but a swag of reports due last month on a range of big issues for investors are now due next month. More >>
Kiwibank seeks almost $100M for expansion
Wednesday, 26 May 2010, 12:54 pm | Businesswire
May 26 (BusinessWire) – Kiwibank, the state-owned lender, needs south of $100 million to tap the corporate sector as it continues on its path of expansion and seeks to win customers from its Australian-owned rivals. More >>
