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Businesswire - Latest News [Page 89]
Briscoe is looking for growth opportunities
Thursday, 20 May 2010, 12:57 pm | Businesswire
May 20 (Business Wire) - Briscoe Group Ltd remains in a strong financial position and is keen to expand its key homewares and sporting goods businesses as well as expand into new geographical areas, according to company executives at today's annual ... More >>
Pan Pacific, Sealegs lead NZX 50 lower; kiwi rises
Thursday, 20 May 2010, 12:41 pm | Businesswire
May 20 (Business Wire) - Declines in Pan Pacific Petroleum NL and Sealegs Corp outweighed gains in Renaissance Corp on the NZX 50 Index ahead of today's federal budget. More >>
Kiwi Income Property Trust posts loss
Thursday, 20 May 2010, 12:11 pm | Businesswire
May 20 (Business Wire) – Kiwi Income Property Trust posted a full-year loss of $12.4 million, reflecting a reduction in the value of its portfolio as a result of the world-wide decline in property prices. More >>
NZ dollar sinks before budget as euro woes weigh
Thursday, 20 May 2010, 9:16 am | Businesswire
May 20 (BusinessWire) – The New Zealand dollar sank to a nine-month low as Germany’s ban on ‘naked’ short-selling of certain equities spooked markets and sparked a sell-off in European and American share markets. More >>
Stocks to watch: Rakon, Goodman Property, ING
Thursday, 20 May 2010, 8:51 am | Businesswire
Stocks to watch: Rakon, Goodman Property, ING,Warehouse May 20 - (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 ... More >>
While you were sleeping: Ban fuels risk aversion
Thursday, 20 May 2010, 8:15 am | Businesswire
May 20 (Business Wire) - Stocks in the U.S. and Europe declined as Germany’s efforts to curb speculative activity prompted investors to pare their exposure to risky assets. More >>
NZ still in the top 20, but only just: IMD
Thursday, 20 May 2010, 12:11 am | Businesswire
by Pattrick Smellie May 19 (BusinessWire) - Weak capital markets, management skills, and export performance are the biggest factors behind New Zealand's slide five places down the rankings on the IMD World Competitiveness Index, released tonight, on the ... More >>
MARKET CLOSE: NZ shares fall; NZO, FPA, ING drop
Wednesday, 19 May 2010, 6:17 pm | Businesswire
May 19 (BusinessWire) – New Zealand shares fell for a fourth straight day, as Germany stepped up efforts to prevent speculators betting against its markets, stoking concern the region’s debt crisis has potential for more damage. New Zealand Oil & Gas ... More >>
SCF recovers $202 mln of outstanding loans
Wednesday, 19 May 2010, 3:41 pm | Businesswire
May 19 (BusinessWire) - South Canterbury Finance Ltd. has recovered $202 million of outstanding loans since the start of the year and says its specialist asset management team is making good progress with non-core and non-performing debt. More >>
Hedging helps NZ Super Fund in April
Wednesday, 19 May 2010, 3:02 pm | Businesswire
May 19 (BusinessWire) – The New Zealand Superannuation Fund, which was set up to help fund retiring baby boomers' state pensions, made a paper gain of $120 million, or 0.8%, last month as its hedging programme protected it from losses. More >>
More charges for Bridgecorp’s Petricevic
Wednesday, 19 May 2010, 2:38 pm | Businesswire
May 19 (BusinessWire) – The Serious Fraud Office has lined up two more charges for failed financier Bridgecorp Ltd.’s directors Rod Petricevic and Rob Roest, taking the total value of alleged fraud by the pair to $5.2 million. More >>
Allied Workforce bounces back on employment growth
Wednesday, 19 May 2010, 2:16 pm | Businesswire
May 19 (BusinessWire) - A strong labour market pick-up in the second half of the financial year to March 31 saw Allied Workforce to an after-tax profit of $2.0 million, slightly off last year's $2.1 million. The shares soared 18% to 80 cents on the NZX. More >>
ING Property loss narrows, breaches JV covenant
Wednesday, 19 May 2010, 11:09 am | Businesswire
May 19 (BusinessWire) – ING Property Trust, the Auckland-based property investor, narrowed its full-year loss as a write down on the value of its portfolio put it into a covenant breach over its Manawatu Business Park joint venture. More >>
National Property’s manager to put case at AGM
Wednesday, 19 May 2010, 10:59 am | Businesswire
May 19 (BusinessWire) – National Property Trust, the property investment group whose management contract survived the receivership of its manager, will make its case for holding onto the mandate at the annual meeting that will immediately precede ... More >>
Recession-proof Ryman posts 16% profit lift
Wednesday, 19 May 2010, 10:55 am | Businesswire
May 19 (BusinessWire) - Retirement village operator Ryman Healthcare Ltd. posted a 16% rise in net earnings to $61 million for the year ended March 31, before unrealised property revaluations, the company announced to the NZX this morning. More >>
NZ Refining margins fall, still `healthy'
Wednesday, 19 May 2010, 10:25 am | Businesswire
May 19 (BusinessWire) - New Zealand Refining Co. is defining its US$5.55 per barrel gross refining margin for March and April as "healthy," despite slipping from US$6.85 in January/February and US$6.34 in March and April last year. More >>
NZ dollar drops below 69 cents after RBNZ report
Wednesday, 19 May 2010, 10:03 am | Businesswire
NZ dollar drops below 69 US cents as Bollard flags euro woes, preference for low kiwi More >>
Stocks to watch: Ryman Health, NZ Refining, ING
Wednesday, 19 May 2010, 9:40 am | Businesswire
Stocks to watch: Ryman Healthcare, NZ Refining, ING May 19 - (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 ... More >>
Europe debt woes loom over NZ financial stability
Wednesday, 19 May 2010, 9:08 am | Businesswire
May 19 (BusinessWire) – Reserve Bank Governor Alan Bollard says Europe’s debt crisis looms over New Zealand’s financial stability, which has benefited from the sharp recovery in Australia and emerging Asian economies. More >>
While you were sleeping: German ban ups volatility
Wednesday, 19 May 2010, 8:10 am | Businesswire
May 19 (Business Wire) - U.S. stocks dropped, along with the euro, after Germany said it would ban a specific type of short selling on 10 big financial firms in a bid to limit speculative activity. More >>
