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Businesswire - Latest News [Page 91]
NZ Dollar Outlook: Euro fears loom large for kiwi
Monday, 17 May 2010, 1:56 pm | Businesswire
NZ Dollar Outlook: Euro fears loom large for kiwi ahead of this week’s Budget More >>
Wellington Drive wins in US fridge motor market
Monday, 17 May 2010, 11:56 am | Businesswire
May 17 (BusinessWire) – Shares of Wellington Drive Technologies soared 24% after the manufacturer of energy efficient motors for commercial fridges agreed a distribution with A.O. Smith, one of the biggest U.S. electric motor makers. Smith will sell Wellington ... More >>
NZ services sector’s pace of expansion slows: PSI
Monday, 17 May 2010, 11:22 am | Businesswire
May 17 (BusinessWire) – New Zealand’s services sector slowed its expansion last month, reflecting a contraction in retail trade, accommodation, cafes and restaurants. More >>
NZX first-quarter profit falls 3% as costs grow
Monday, 17 May 2010, 10:40 am | Businesswire
May 17 (BusinessWire) – NZX Ltd., the stock exchange operator, reported a 3% decline in first-quarter earnings as acquisitions pushed up operating costs more than revenue. More >>
NZ dollar nears four-week low amid Europe concerns
Monday, 17 May 2010, 9:28 am | Businesswire
May 17 (BusinessWire) – The New Zealand dollar sank to near a four-week low amid ongoing concerns about Europe’s sovereign debt crisis after last week’s stabilisation fund and the earlier bail-out package for Greece failed to allay investors’ concerns ... More >>
Stocks to watch: AMP, Mercer, NZO, NZX, WFD, XRO
Monday, 17 May 2010, 9:23 am | Businesswire
May 17 - (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: Eurotrash piling up
Monday, 17 May 2010, 8:02 am | Businesswire
May 17 (BusinessWire) – Investors worldwide are preparing for more volatility as concern about the European debt and currency crisis mounted within a week of euro-zone government leaders announcing a US$1 trillion rescue package to restore confidence. More >>
SMELLIE SNIFFS THE BREEZE: Here comes the recovery
Friday, 14 May 2010, 9:32 pm | Businesswire
by Pattrick Smellie May 14 (BusinessWire) - Remember where you heard it first. (Which I admit may not have been here). The recovery is on the way. More >>
Wakefield full-year profit drops 39% as sales fall
Friday, 14 May 2010, 7:44 pm | Businesswire
May 14 (BusinessWire) - Wakefield Health Ltd., the owner of Wellington’s Bowen and Wakefield hospitals, posted a 39% drop in full-year profit, reflecting a decline in ACC-funded patients, less work from district health boards and a drop in patient-funded ... More >>
Mercer halts principal repayments to non-banks
Friday, 14 May 2010, 6:20 pm | Businesswire
May 14 (BusinessWire) – Mercer Group, the manufacturer of stainless steel products, has halted its principal repayments to non-bank lenders and is mulling its refinancing options after it breached its banking covenant last year. More >>
MARKET CLOSE: NZ shares fall with commodity prices
Friday, 14 May 2010, 6:11 pm | Businesswire
May 14 (BusinessWire) – New Zealand shares fell as doubts about world growth and demand weighed on prices of commodities, driving New Zealand Oil & Gas, Pan Pacific Petroleum and NZ Farming Systems Uruguay. More >>
Flat Earnings for TrustPower; Price Rises Moderati
Friday, 14 May 2010, 6:03 pm | Businesswire
May 14 (BusinessWire) - TrustPower Ltd, the NZX-listed electricity generator and retailer, reported flat before tax and adjustments earnings for the year to March 31 of $273.9 million, compared with $261.4 million in the previous financial year. More >>
ACC emerges as holder of National Property Trust
Friday, 14 May 2010, 4:30 pm | Businesswire
May 15 (BusinessWire) – Accident Compensation Corp., the state-owned accident insurer, has emerged as a substantial holder of shares in National Property Trust after a property investor managed by the St Laurence group sold down its stake. More >>
Dorchester Pacific needs $8 mln for reconstruction
Friday, 14 May 2010, 2:29 pm | Businesswire
May 14 (BusinessWire) – Dorchester Pacific Ltd., the listed financial services company part-owned by the group behind 42 Below and Ecoya Ltd., needs to raise at least $8 million and win investor approval for a restructuring plan in order to escape ... More >>
Viaduct Capital calls in the receivers
Friday, 14 May 2010, 12:42 pm | Businesswire
May 14 (BusinessWire) – Viaduct Capital Ltd. has called in the receivers, telling investors that most of them will get their money back from the government because the bulk of the funds were collected before the finance company was suspended from ... More >>
NZ retail sales miss forecasts in 1Q; kiwi drops
Friday, 14 May 2010, 11:48 am | Businesswire
May 14 (BusinessWire) – New Zealand retail sales rose less than expected in the first quarter, indicating a tepid level of consumer activity that’s unlikely to spur the central bank into an early increase in interest rates. More >>
Budget caution slows house sales in April: REINZ
Friday, 14 May 2010, 11:35 am | Businesswire
May 14 (BusinessWire) – Residential real estate sales fell 15% in April as the housing market remains subdued with the government’s upcoming budget expected to bring in tax changes for property investors, according to the latest Real Estate ... More >>
Xero posts wider loss, eats into cash buffer
Friday, 14 May 2010, 11:06 am | Businesswire
May 14 (BusinessWire) –Xero Ltd., the online accounting software company, reported a wider full-year loss as it spent more to ramp up global growth. More >>
Irongate sells down shares in National Property
Friday, 14 May 2010, 10:43 am | Businesswire
May 14 (BusinessWire) – Irongate Property Ltd., the property investor managed by the St Laurence group, has offloaded most of its shares on another St Laurence-managed property concern, National Property Trust. More >>
Just Water to write off $18m on Aussie assets
Friday, 14 May 2010, 10:29 am | Businesswire
Just Water to write off $18m on Aussie assets May 14 (BusinessWire) - NZX-listed water cooler supplier Just Waer Ltd is forecasting an $18 million trading loss for the current financial year, a sum matching an anticipated $18 million write-off on ... More >>
