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Businesswire - Latest News [Page 95]
Stocks to watch: TEL, WBC, ECO, SPY, BGR
Friday, 7 May 2010, 9:32 am | Businesswire
May 7 (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 slumps as fear of debt contagion spreads
Friday, 7 May 2010, 9:13 am | Businesswire
May 7 (BusinessWire) – The New Zealand dollar tumbled 2% as equity markets slumped amid fears sovereign debt issues in the so-called PIGS (Portugal, Greece, Ireland and Spain) may spread through Europe, sapping investors’ appetite for higher-yielding, ... More >>
While you were sleeping: Back to 1987
Friday, 7 May 2010, 8:11 am | Businesswire
May 7 (Business Wire) - Stocks in Europe and the U.S. extended losses amid disappointment about the European Central Bank’s lack of new measures to help stem the Greek debt crisis. More >>
MARKET CLOSE: Westpac leads NZX 50's decline
Thursday, 6 May 2010, 6:14 pm | Businesswire
MARKET CLOSE: Westpac leads declines for second day on NZX 50; NZS, ANZ, GFF fall More >>
S&P lays out path for SCF to raise credit rating
Thursday, 6 May 2010, 4:48 pm | Businesswire
May 6 (BusinessWire) - Standard & Poor's, the international credit agency, has set out a range of conditions that could lead to South Canterbury Finance coming off negative Credit Watch status, but says assets sales alone will not be enough ... More >>
EARNINGS PREVIEW: Telecom may post slump in Q3
Thursday, 6 May 2010, 4:12 pm | Businesswire
by Paul McBeth May 6 (BusinessWire) – Telecom Corp., which is threatened with loss of dominance from the government’s roll-out of ultra-fast broadband, is likely to post a slump in third-quarter earnings tomorrow on costs of its XT network outages. More >>
SmartPay to cut 40 jobs, outsource assembly
Thursday, 6 May 2010, 2:43 pm | Businesswire
May 6 (BusinessWire) -– SmartPay Ltd., the merchant payment services company that acquired assets from its failed competitor ProvencoCadmus, will eliminate about 40 jobs, or 25% of its workforce, by outsourcing the manufacture of EFTPOS terminals. More >>
Latest Tui well at 1500 metres; Mangahewa flaring
Thursday, 6 May 2010, 12:37 pm | Businesswire
Latest Tui well at 1500 metres; Mangahewa flaring May 6 (BusinessWire) - Partners in the Tui SW-1 exploration well reported today that drilling has reached a depth of 1505 metres, on the way to the target depth of 3900 metres. More >>
Securities Commission warning on St Laurence offer
Thursday, 6 May 2010, 12:19 pm | Businesswire
May 6 (BusinessWire) - The Securities Commission is warning St Laurence Finance Ltd. debenture-holders to be "wary" of an unsolicited offer from a bottom-feeder Australian investor, Stock and Share Trading Company Pty Ltd. More >>
BNZ results on the turn as economy improves
Thursday, 6 May 2010, 11:21 am | Businesswire
May 6 (BusinessWire) - Bank of New Zealand is reporting a turnaround in earnings that mirrors the track of the New Zealand economic recession, with a half-year net profit to March 31 of NZ$255 million - an improvement of 7.1% on the previous six ... More >>
NZ dollar gains a Bollard confirms rates timing
Thursday, 6 May 2010, 10:58 am | Businesswire
NZ dollar gains after Bollard says he’s in sync with markets over rate hike timing More >>
IRD probes tobacco giant for tax avoidance
Thursday, 6 May 2010, 10:18 am | Businesswire
May 6 (BusinessWire) - The Inland Revenue Department is investigating transactions by the New Zealand arm of global tobaco giant British and American Tobacco as it pushes home the advantage created by its win over tax avoidance by foreign-owned ... More >>
NZ dollar falls amid fears of Greek contagion
Thursday, 6 May 2010, 9:37 am | Businesswire
May 6 (BusinessWire) – The New Zealand dollar extended its decline against the greenback amid fears the debt crisis in Greece may spread to other European nations, sapping investors’ appetite for higher-yielding, or riskier, assets. More >>
Stocks to watch: ANZ, Ecoya, NZO, PGW, WBC
Thursday, 6 May 2010, 9:31 am | Businesswire
May 6 (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: Portugal credit crunch
Thursday, 6 May 2010, 7:48 am | Businesswire
May 6 (Business Wire) - Stocks tumbled in both Europe and the U.S. after Moody’s Investors Service said it might cut Portugal’s credit rating for the first time, a sign that contagion from the Greek crisis was spreading. More >>
MARKET CLOSE: NZ shares tumble, led by Westpac
Wednesday, 5 May 2010, 6:29 pm | Businesswire
May 5 (BusinessWire) – New Zealand shares fell, sending the NZX 50 Index down 1.5%, as doubts about Westpac Banking Corp.’s second-half earnings growth and an analyst downgrade weighed on lenders. Stocks sold off worldwide as Europe stares down a potentially ... More >>
Alan McConnon steps down from Wrightson board
Wednesday, 5 May 2010, 2:50 pm | Businesswire
May 5 (BusinesWire) – Alan McConnon, who sits on the board of his family’s investment vehicle Aorangi Laboratories Ltd., has stepped down as a director of PGG Wrightson Ltd. following the failure of his brother Baird’s Rural Portfolio Investments. More >>
Kathmandu reaffirms $30.9 mln profit forecast
Wednesday, 5 May 2010, 1:24 pm | Businesswire
May 5 (BusinessWire) – Kathmandu Holdings, the outdoor equipment retailer that dual-floated on the New Zealand and Australian sharemarkets last year, reaffirmed its $30.9 million profit forecast for the year. The shares fell 3.5% to $2.21 on ... More >>
Westpac profit drops in NZ, lagging parent
Wednesday, 5 May 2010, 11:49 am | Businesswire
Westpac profit drops in NZ, lagging parent’s 32% earnings gain as recession’s tail lingers More >>
Auckland house sales dip last month, prices rise
Wednesday, 5 May 2010, 10:48 am | Businesswire
May 5 (BusinessWire) – Auckland house sales fell last month, coming off a stronger track in March, suggesting property investors are becoming tentative ahead of the 2010 budget, which will curb tax breaks. More >>
