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Businesswire - Latest News [Page 90]
MARKET CLOSE: NZ shares fall; Warehouse, GPG drop
Tuesday, 18 May 2010, 6:19 pm | Businesswire
May 18 (BusinessWire) – New Zealand shares fell for a third straight day, as Warehouse Group paced a slide in retailers after reporting weaker sales. Guinness Peat Group fell to its lowest level since late November. More >>
Telecom’s CFO Houlden to head back to Britain
Tuesday, 18 May 2010, 3:27 pm | Businesswire
May 18 (BusinessWire) –Telecom Corp.’s fortunes have got no better with today’s announcement that its chief financial officer of two years, Russ Houlden has resigned to return to his native United Kingdom. More >>
NZ investors’ love affair with property fades
Tuesday, 18 May 2010, 1:21 pm | Businesswire
May 18 (BusinessWire) – New Zealand investor confidence in rental property has cooled in the past three months, and the popularity of other investment classes is gaining momentum, according to the latest ASB Investor Confidence Report. More >>
NZ economic flux spurs upgrades, downgrades: D&B
Tuesday, 18 May 2010, 11:42 am | Businesswire
May 18 (BusinessWire) – New Zealand’s business environment is clearly in a state of flux, prompting credit reporting agency Dun & Bradstreet to downgrade the risk profile of 9,000 companies while upgrading 10,500 firms. More >>
NZ producer output prices rise with dairy
Tuesday, 18 May 2010, 11:34 am | Businesswire
May 18 (BusinessWire) – New Zealand producer output prices rose in the first quarter, reflecting a surge in dairy products, helping outpace an increase in input prices that was driven by high costs of electricity. More >>
NZ broadband hindered by lack of infrastructure
Tuesday, 18 May 2010, 11:20 am | Businesswire
May 18 (BusinessWire) – New Zealand’s broadband is getting better, but more money needs to go into backhaul and core infrastructure outside Auckland, according to the Commerce Commission. More >>
Windflow Technology’s turbine gains certification
Tuesday, 18 May 2010, 11:19 am | Businesswire
May 18 (BusinessWire) – Windflow Technology Ltd.’s half megawatt Windflow 500 turbine has gained crucial design approval from the independent British certifying body Lloyds Register. More >>
Infratil returns to profit in absence of charges
Tuesday, 18 May 2010, 11:09 am | Businesswire
May 18 (BusinessWire) – Infratil Ltd., the investment group that teamed with NZ Super to acquire Shell New Zealand’s downstream assets, posted a full-year profit as sales rose and it didn’t repeat the previous year’s level of impairments. More >>
MRP takes on US geothermal project
Tuesday, 18 May 2010, 10:33 am | Businesswire
May 18 (BusinessWire) - MightyRiverPower is to sink up to US$107 million into a 49.9 megawatt geothermal power station in southern California, in a project led by GeoGlobal Energy, the US-based geothermal developer in which MRP has a 25% holding. More >>
F&P Finance gains acceptance to extended guarantee
Tuesday, 18 May 2010, 9:53 am | Businesswire
May 18 (BusinessWire) – Fisher & Paykel Finance, the unit of Fisher & Paykel Appliance Holdings Ltd., has been approved by Treasury to participate in the extended New Zealand retail deposit guarantee scheme. More >>
NZ dollar falls to two-month low on Europe fears
Tuesday, 18 May 2010, 9:46 am | Businesswire
NZ dollar falls to two-month low as Europe’s debt fears linger, sap risk appetite More >>
Stocks to watch: AIA, IFT, NZS, NZX, PPL, TEL, WHS
Tuesday, 18 May 2010, 9:44 am | Businesswire
May 18 - (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 >>
Warehouse reiterates FY guidance as 3Q sales fall
Tuesday, 18 May 2010, 9:28 am | Businesswire
May 18 (BusinessWire) – Warehouse Group Ltd. reiterated its forecast for no growth in full-year earnings while posting a drop in third-quarter sales because of weak demand for music, DVDs and winter items. More >>
While you were sleeping: Shares slip on oil
Tuesday, 18 May 2010, 7:57 am | Businesswire
May 18 (Business Wire) - Shares in Europe and the U.S. slid along with oil - as well as other commodities - on mounting concern the European debt crisis would curb global economic growth. More >>
Olam buys 10M Farming Systems shares from RPI
Monday, 17 May 2010, 6:21 pm | Businesswire
Olam buys 10 mln Farming Systems shares from RPI receivers, lifting stake to 18.4% More >>
DNZ Property elects to buy out management contract
Monday, 17 May 2010, 6:12 pm | Businesswire
May 17 (BusinessWire) – DNZ Property Fund Ltd., the property investor that had a capital raising exercise slapped down by shareholders last year, will buy out its controversial management contract with Paul Duffy and Alastair Hassell. More >>
MARKET CLOSE: NZ shares fall, led by WBC, banks
Monday, 17 May 2010, 5:59 pm | Businesswire
May 17 (BusinessWire) – New Zealand shares fell for a second day amid concern Europe’s 750 billion euro debt bailout fund won’t be enough to avert a crisis or prevent the regions sliding back into recession, choking off demand and sapping investor ... More >>
Govt comes to the party 25% for leaky homes
Monday, 17 May 2010, 5:38 pm | Businesswire
New Zealand to spend $1B over five years to meet 25% of leaky home repair bill More >>
Top tax rate cut to help halt brain drain: Key
Monday, 17 May 2010, 5:25 pm | Businesswire
tax rate cut essential to halting brain drain: Key May 17 (BusinessWire) - Cuts to the top rate of personal income tax will be part of a deliberate effort to encourage high-earning, skilled New Zealanders to stay in the country, Prime Minister John ... More >>
NZ Farming Systems repeats guidance as prices rise
Monday, 17 May 2010, 4:11 pm | Businesswire
May 17 - (BusinessWire) – NZ Farming Systems Uruguay Ltd., the company developing dairy farms in South America, reiterated its target for a full-year loss, saying higher prices will make up for milk production that will undershoot its forecast. More >>
