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Businesswire - Latest News [Page 86]
F&P Healthcare posts 15% gain in FY profit
Wednesday, 26 May 2010, 11:16 am | Businesswire
F&P Healthcare posts 15% gain in profit, forecasts 2011 gain of up to 4.7% More >>
Knowles quits as CEO of KiwiBank
Wednesday, 26 May 2010, 10:11 am | Businesswire
May 26 (BusinessWire) – Sam Knowles, the chief executive of State-owned lender Kiwibank, resigned after 10 years in the job in the same week that the government flagged the potential sell-down of its holding in the bank. More >>
NZ dollar rises from 10-mth low; Europe fears ebb
Wednesday, 26 May 2010, 9:28 am | Businesswire
May 26 (BusinessWire) – The New Zealand dollar climbed from a 10-month low after St Louis Federal Reserve President James Bullard talked down the threat of Europe’s debt crisis seeping across the Atlantic, and helped ease investors’ concerns about ... More >>
Stocks to watch: APT, NAP, NZS, NZX, SEK, TEL, WEN
Wednesday, 26 May 2010, 9:25 am | Businesswire
May 26 (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: Risk aversion rises
Wednesday, 26 May 2010, 7:47 am | Businesswire
May 26 (Business Wire) - Stocks in the U.S. and Europe dropped on concern about rising bank borrowing costs, a diminishing outlook for the global recovery and escalating tension between North and South Korea. More >>
MARKET CLOSE: NZ shares resume fall; Telecom sinks
Tuesday, 25 May 2010, 6:05 pm | Businesswire
May 25 (BusinessWire) – New Zealand shares fell, as Telecom Corp. sank to a new two-decade low, leading the local bourse lower as resurgent fears about Europe’s debt crisis and signs of increased tensions on the Korean peninsula sapped investors’ ... More >>
Nat Prop holds dividend despite 28% asset drop
Tuesday, 25 May 2010, 5:47 pm | Businesswire
May 25 (BusinessWire) – National Property Trust, the property investor forced to hold a special meeting to vote on dumping its manager, said it will maintain its current level of dividend payments after posting a drop in the value of properties ... More >>
Corporatisation harder than thought, says ANZO
Tuesday, 25 May 2010, 5:33 pm | Businesswire
May 25 (BusinessWire) - Efforts to turn AMP New Zealand Office Trust (ANZO) from a listed trust to a listed company are proving harder than expected, and the company requires an extra two months to get a proposal ready for shareholders. More >>
Memory lapse costs Goldman Sachs JBWere $30,000
Tuesday, 25 May 2010, 5:20 pm | Businesswire
May 25 (BusinessWire) – A poor memory has cost fund manager Goldman Sachs JBWere $30,000 in fines from NZX Ltd.’s disciplinary body after it failed to enter an order to sell Babcock & Brown notes and told a client there were no bidders for ... More >>
Business managers’ inflation expectations lift
Tuesday, 25 May 2010, 4:40 pm | Businesswire
May 25 (BusinessWire) – New Zealand business managers’ expectations of economic performance and inflation for the next two years has lifted, according to a central bank survey. More >>
Rural Portfolio to repay less than half of funds
Tuesday, 25 May 2010, 2:28 pm | Businesswire
May 25 (BusinessWire) – Investors in the Rural Portfolio group of companies, the failed investment vehicle of Craig Norgate and Baird McConnon, are likely to get less than half the principal they put into the company. More >>
Fonterra tips milk price of up to $8/kg
Tuesday, 25 May 2010, 2:22 pm | Businesswire
May 25 (BusinessWire) – Fonterra Cooperative Group, the world’s biggest dairy exporter, boosted its forecast for next season’s pay-out to farmers, though it warned market volatility could erode the surge in milk prices this year. More >>
Rangatira lifts annual earnings by 33%
Tuesday, 25 May 2010, 2:21 pm | Businesswire
May 25 (BusinessWire) –Rangatira Investments, the Wellington-based diversified investor, posted a 33% jump in full-year operating earnings increase on improved returns from companies including small-goods manufacturer Hellers and packaging maker ... More >>
ZyGEM acquires U.S.-based MicroLab Diagnostics
Tuesday, 25 May 2010, 12:42 pm | Businesswire
May 25 (BusinessWire) – New Zealand-based ZyGEM has bought Virginia, U.S.-based MicroLab Diagnostics Inc., and is about to launch a new, speedier and simpler range of DNA and RNZ testing instruments. More >>
Orcon, Compass, Slingshot agree to share broadband
Tuesday, 25 May 2010, 10:42 am | Businesswire
May 25 (BusinessWire) – Compass, Orcon and Slingshot, three of New Zealand’s smallest phone companies, will team up to share exchange technologies, allowing re-routing of individual broadband services, and potentially lowering costs. More >>
NZ Dollar Outlook: Kiwi to be capped at 70 US cts
Tuesday, 25 May 2010, 10:07 am | Businesswire
May 25 (BusinessWire) – The New Zealand dollar will likely be capped at 70 U.S. cents this week with continued 'chaos' in Europe over its sovereign debt crisis keeping the knockers on investors’ appetite for risk. More >>
Stocks to watch: Contact, FPA, GMT, NZS, NZX, TEL
Tuesday, 25 May 2010, 9:41 am | Businesswire
May 25 (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 below 67 cts on Europe debt fears
Tuesday, 25 May 2010, 9:21 am | Businesswire
May 25 (BusinessWire) – The New Zealand dollar slipped below 67 U.S. cents as concerns about Europe’s sovereign debt crisis continue to weigh on investor sentiment and as traders await Fonterra Cooperative Group formal review of its forecast pay-out ... More >>
While you were sleeping: Fixed income appeals
Tuesday, 25 May 2010, 7:32 am | Businesswire
May 25 (Business Wire) - Stocks in the U.S. fell as investors preferred the safety of fixed-income securities while they assess developments in Europe’s debt crisis. More >>
NZX gets approval for new employee share scheme
Monday, 24 May 2010, 9:47 pm | Businesswire
May 24 (BusinessWire) – NZX Ltd., which operates and regulates New Zealand’s stock exchange, has been granted approval to set up a new employee share scheme. More >>
