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Businesswire - Latest News [Page 94]
Rockforte the latest finance company to fail
Monday, 10 May 2010, 5:38 pm | Businesswire
May 10 (BusinessWire) – Rockforte Finance Ltd., the minnow finance company caught up in last year's liquidation of the Jeans Jones retail chain, has become the fourth lender guaranteed by the government to fail. More >>
Vodafone and Axia team up for broadband bid
Monday, 10 May 2010, 2:28 pm | Businesswire
May 10 (BusinessWire) – Vodafone New Zealand Ltd., the country’s biggest mobile phone carrier, has announced it will partner with Canadian company Axia NetMedia Corp. if it’s successful in its bid to build a new fibre network for the country. More >>
NZ Dollar Outlook: Europe clouds kiwi’s fortunes
Monday, 10 May 2010, 1:26 pm | Businesswire
May 10 (BusinessWire) – Lingering concerns about how European policymakers will deal with the prospect of a widening debt crisis will weigh on the kiwi dollar, with the currency expected to continue in its recent range this week. More >>
F&P Appliances to take $26.5M impairment charge
Monday, 10 May 2010, 11:59 am | Businesswire
May 10 (BusinessWire) – Fisher & Paykel Appliances Holdings Ltd., the only home appliance maker on the NZX, plans to take impairment charges of up to $26.5 million in its full-year results. More >>
GPG shares tumble 4.6% on lack of ‘value return’
Monday, 10 May 2010, 10:32 am | Businesswire
May 10 (BusinessWire) – Shares of Guinness Peat Group tumbled after the investment company chaired by Ron Brierley told shareholders they have to wait longer for details of the much-touted “value return” because of the complexities of its shares and ... More >>
Stocks to watch: CVT, GPG, NZO, SPY, TEL, ZIN
Monday, 10 May 2010, 9:31 am | Businesswire
May 10 (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 >>
Property investors wait for the Budget: QV
Monday, 10 May 2010, 9:21 am | Businesswire
May 9 (BusinessWire) – New Zealand property values rose 6.1% in the 12 months through April as investors wait for clarity on the tax treatment of investment properties in the Budget, according to state-owned property valuer QV. The average sales price ... More >>
NZ dollar edges up as Euro-zone seeks answers
Monday, 10 May 2010, 9:14 am | Businesswire
May 10 (BusinessWire) – The New Zealand dollar edged up as European policymakers gathered to discuss a way to bring stability to the Euro-zone after global markets panicked last week amid fears of Greece’s sovereign debt issues spreading. The ... More >>
Guinness Peat investors have longer wait for plan
Monday, 10 May 2010, 7:49 am | Businesswire
May 10 (BusinessWire) - Guinness Peat Group, the investment company chaired by Ron Brierley, has told shareholders they have to wait longer for details of the much-touted “value return” because of the complexities of its shares and investments. More >>
World Week Ahead: Euro's plunge toward greenback
Monday, 10 May 2010, 7:47 am | Businesswire
(BusinessWire) – As ash clouds from Iceland’s volcano thickened in European skies, leading to more airport closures, the much-darker prospect of parity between the euro and the U.S. dollar finally seems to have prompted Euro-zone governments to ... More >>
SMELLIE SNIFFS THE BREEZE: Screw-ups past, present
Friday, 7 May 2010, 6:05 pm | Businesswire
May 7 (BusinessWire) - There would be few people who could lay claim to being described in the Southland Times as "an abject figure". I am one of them. More >>
MARKET CLOSE: NZX 50 joins global rout; FBU drops
Friday, 7 May 2010, 5:50 pm | Businesswire
May 7 (BusinessWire) – New Zealand shares fell, joining a global slide amid fears Greece’s debt crisis is actually Europe’s crisis. Fletcher Building, the nation’s biggest construction company, paced the decline and Telecom Corp. edged lower after ... More >>
Remaining Hanover properties drop in value
Friday, 7 May 2010, 5:03 pm | Businesswire
May 7 (BusinessWire) - Allied Farmers Ltd., the finance and rural services company that transformed its share capital by offering to swap shares for the assets of Hanover Finance and United Finance investors, has cut the value of the remaining properties ... More >>
Receiver flags Strategic loan book sale by June
Friday, 7 May 2010, 4:39 pm | Businesswire
May 7 (BusinessWire) – Strategic Finance Ltd. receivers Colin McCloy and John Fisk of PricewaterhouseCoopers have flagged a “formal sales process” for the failed finance company’s loan book in the next six weeks. More >>
Telecom shares touch new low post-Q3 result
Friday, 7 May 2010, 2:16 pm | Businesswire
May 7 (BusinessWire) – Shares in Telecom Corp., the country’s largest phone company, fell as low as $2.08 after chief executive Paul Reynolds repeated his plea to government to ease its regulatory burden as technology shifts from copper to fibre-based networks. ... More >>
HK group’s purchase of 4 Crafar farms probed
Friday, 7 May 2010, 1:13 pm | Businesswire
May 7 (BusinessWire) – The Overseas Investment Office is investigating the purchase of four farms in the Crafar group by a Hong Kong investment group which has proposed spending as much as $1.5 billion on New Zealand dairy assets. More >>
Weak tax take in NZ stokes fiscal deficit
Friday, 7 May 2010, 11:19 am | Businesswire
May 7 (BusinessWire) - Weak personal and corporate tax takes are swelling the government's fiscal deficit, despite one-off gains from big tax avoidance settlements and under-spending in a range of areas, according to Treasury figures for the nine months to March 31. More >>
Briscoe 1Q sales rise 7.4%, profit tracking higher
Friday, 7 May 2010, 10:44 am | Businesswire
May 7 (BusinessWire) - Briscoe Group Ltd., the homewares and sporting goods retailer, posted a 7.4% gain in first-quarter sales and said profit is tracking ahead of the same period last year even while margins erode. More >>
Telecom NZ 3Q profit falls 39% on drop in calling
Friday, 7 May 2010, 9:40 am | Businesswire
May 7 (BusinessWire) – Telecom Corp., which is threatened with loss of dominance from the government’s roll-out of ultra-fast broadband, posted a 39% drop in third-quarter profit and said full-year earnings would be at the low end of guidance as calling ... More >>
XT not yet reliable: independent report
Friday, 7 May 2010, 9:36 am | Businesswire
May 7 (BusinessWire) - Telecom Corporation Ltd.'s troubled XT network is not yet reliable because "as yet unidentified software issues" remain unresolved, says a May 3 report to the company from independent UK-based investigators, Analysys ... More >>
