Wool Equities is selling its majority shareholding in Covita Ltd and a minority holding in Paraco Ltd to AgResearch for $350,000. more... |
A Forsyth Barr broker has been fined $15,000, and the company fined $30,000, after she allegedly failed to detect market manipulation by a client, the stock exchange operator said. more... |
Vodafone is extending its 3G broadband network to reach 97 percent of New Zealanders by April 2010, from the current 63 percent of the population. more... |
The sharemarket recovered almost all of yesterday's losses, buoyed by bargain hunters stepping in after markets steadied offshore. more... |
The New Zealand dollar stuck to a narrow range ahead of a United States holiday, but managed to sink to a new seven-year low against the Australian dollar. more... |
Biotechnology company A2 Corporation is looking to raise about $10.8 million through a renounceable rights issue. more... |
The first of the 28 towers are going up in the second stage of the Te Rere Hau wind farm in the hills above Palmerston North, NZ Windfarms says. more... |
Silver Fern Farms (formerly PPCS), which this week agreed in principle to sell half its shares to PGG Wrightson for $220 million, said today it expected to cut its interest bill by $16m even before the deal. more... |
Telecom, whose share prices is bobbing around near a 15-year low, said today it plans to spend $130 million on new Internet Protocol (IP) network. more... |
A sale of all or part of Brisbane-based Energy Developments, in which infrastructure investor Infratil has a 30 percent interest, is on the cards with a strategic review under way. more... |