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Businesswire - Latest News [Page 99]
Tobacco excise rise: $17 for a packet of fags
Wednesday, 28 April 2010, 9:50 pm | Businesswire
April 28 (BusinessWire) - Smokers will be paying even more dearly for their habit as the government rushes legislation through Parliament under extraodinary urgency to allow three increases in tobacco excises over the next two years. More >>
MARKET CLOSE: NZ shares join global rout
Wednesday, 28 April 2010, 9:48 pm | Businesswire
April 28 (BusinessWire) – New Zealand shares fell, joining a global rout, after Standard & Poor’s slashed Greece’s credit rating to junk level and cut Portugal’s rating, stoking concern debt woes are spreading. Retailer Kathmandu Holdings led ... More >>
Restructuring paying off for Whitcoulls owner
Wednesday, 28 April 2010, 9:46 pm | Businesswire
April 28 (BusinessWire) - Early benefits from Australasian book seller REDgroup's amalgamation of the Whitcoulls, Borders, and Angus & Robertson brands have produced a 15% like with like uplift in earnings for the six months ended Feb. 27. More >>
Comment: How Jane Diplock could survive all this
Wednesday, 28 April 2010, 9:44 pm | Businesswire
April 28 (BusinessWire) – One person for whom Commerce Minister Simon Power’s announcements tonight don’t look good is the embattled chair of the Securities Commission, Jane Diplock. More >>
Yet another rewrite coming on Financial Advisers
Wednesday, 28 April 2010, 9:43 pm | Businesswire
April 28 (BusinessWire) – A further major rewrite of the Financial Advisers Act 2008 looms as Commerce Minister Simon Power tonight announced the government would be “issuing comments soon” on provisions in the current law that senior bankers ... More >>
Air NZ, Virgin Blue in talks for Tasman alliance
Wednesday, 28 April 2010, 4:56 pm | Businesswire
April 28 (BusinessWire) - Air New Zealand Ltd., the national carrier, says it has been in talks with Virgin Blue about a potential alliance on routes across the Tasman Sea. More >>
Businesses bullish, more expect to start hiring
Wednesday, 28 April 2010, 4:01 pm | Businesswire
April 28 (BusinessWire) – New Zealand businesses kept their upbeat outlook on the economy this month as more firms flag they will begin hiring and reinvesting in their businesses over the coming year. More >>
NZ Windfarms secures $31.4M with underwriting
Wednesday, 28 April 2010, 3:07 pm | Businesswire
April 28 (BusinessWire) - New Zealand Windfarms, the listed Manawatu windfarm operator, has secured the $31.4 million of equity funding it sought to complete the Te Rere Hau extension and to buy out owners of the site. More >>
MEUG weighs in on ETS timing
Wednesday, 28 April 2010, 2:13 pm | Businesswire
April 28 (BusinessWire) - The Major Electricity Users Group is adding its voice to growing industry calls to review the timing of New Zealand's emissions trading scheme, especially now that Australia's has been placed on hold. More >>
Batten down for winter, DB warns hoteliers
Wednesday, 28 April 2010, 1:54 pm | Businesswire
April 28 (BusinessWire) - Bar and restaurant owners looking forward to a boost from next year's Rugby World Cup need to manage their businesses carefully through a tough few winter months to come, DB Hospitality general manager Andrew Campbell says. More >>
Rugby World Cup - the ultimate networking event?
Wednesday, 28 April 2010, 1:11 pm | Businesswire
April 28 (BusinessWire) - New Zealand businesspeople wanting to fully exploit the commercial opportunities of the 2011 Rugby World Cup are being invited to join a newly launched New Zealand 2011 Business Club. More >>
St Laurence to miss repayment, pitches debt swap
Wednesday, 28 April 2010, 12:50 pm | Businesswire
April 28 (BusinessWire) – St Laurence Ltd., one of the last finance companies to try to trade its way out of trouble, will miss its next repayment to investors and will try to woo them into a debt-for-equity swap in a bid to avoid receivership. More >>
Corporate bond appetite still strong
Wednesday, 28 April 2010, 12:47 pm | Businesswire
28 April (BusinessWire)- The Warehouse Group has announced the successful completion of its $100 million bond offer, and closed fully subscribed today. More >>
Stocks to watch: Delegat’s, NZS, NZO, RBD, TEL
Wednesday, 28 April 2010, 9:39 am | Businesswire
April 28 (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 sinks as Greece rating cut to junk
Wednesday, 28 April 2010, 9:23 am | Businesswire
April 28 (BusinessWire) – The New Zealand dollar sank 1.4% after ratings agency Standard & Poor’s gave a grim assessment on the so-called PIGS’ debt positions and downgraded Greece and Portugal. More >>
While you were sleeping: Contagion woes renew
Wednesday, 28 April 2010, 7:15 am | Businesswire
April 28 (Business Wire) – Stocks plunged after the debt rating of Greece and Portugal were cut amid signs that the crisis in Europe was spreading because of a lack of resolve to address the situation. More >>
MARKET CLOSE: NZ shares fall; KMD drops, NZS gains
Tuesday, 27 April 2010, 5:36 pm | Businesswire
April 27 (BusinessWire) – New Zealand shares fell, led by retailers Kathmandu Holdings and Michel Hill International, as the kiwi dollar held near a three-month high, eroding the value of overseas revenue. NZ Farming Systems Uruguay led gainers after Fonterra ... More >>
Domestic bonds prove popular
Tuesday, 27 April 2010, 5:08 pm | Businesswire
by Peter Kerr April 27 (BusinessWire) Local investor demand is encouraging the New Zealand Debt Management Office to increase the 2009/10 domestic bond programme by 16%, or $2 billion, to $12.5 billion. More >>
Bank profits in NZ drop 90% as impaired loans rise
Tuesday, 27 April 2010, 4:43 pm | Businesswire
April 27 (BusinessWire) – New Zealand’s banks recorded a 90% slump in net profit last year as deteriorating asset quality driven by the worst recession in 18 years and a meltdown in the property sector saw impaired loans soar. More >>
NZ dairy price windfall may be reinvested
Tuesday, 27 April 2010, 2:58 pm | Businesswire
April 27 (BusinessWire) – Fonterra Cooperative Group’s 40 cents-a-kilo-of-milk solids increase in forecast payment to $6.10, which stands to benefit the economy by $500 million, may not have the monetary policy implication that past increases ... More >>
