FinData - Latest News

Big fertiliser import cuts price of urea

Fri, 21 Nov 2008 21:30:00 +1300

Big fertiliser company Ballance Agri-Nutrients says it has cut the price of its main nitrogen product, urea, by 17 percent to $910 a tonne as global prices tumble.

Gen-i buys regional franchise

Fri, 21 Nov 2008 19:27:00 +1300

Telecom subsidiary Gen-i has purchased the Real Time Computing franchise in the Manawatu, Wanganui and Taranaki regions for an undisclosed sum.
Related Symbols: NZX:TEL

Air NZ questions ACCC's decision

Fri, 21 Nov 2008 19:16:00 +1300

How come Air New Zealand can't co-operate with Air Canada on flights to Vancouver when Qantas can work with South African Airways on the highly uncompetitive Johannesburg route?
Related Symbols: ASX:QAN, NZX:AIR

"We're moving into an economic crisis" - Fonterra

Fri, 21 Nov 2008 18:54:00 +1300

Fonterra says its 10,000 farmers should plan on receiving only about 75 percent of the money they pocketed last season, as the dairy giant battles the international economic recession.
Related Symbols: INDEX:DJI

NZF Group's interim profit falls

Fri, 21 Nov 2008 18:27:00 +1300

NZF Group reported net profit after tax of $1.3 million in the six months to September 30, down 47.2 percent on the same period last year.
Related Symbols: NZX:NZF

NZ shares in sharp slide early after Wall St plunge

Fri, 21 Nov 2008 18:16:00 +1300

The New Zealand sharemarket was down sharply after equities plunged in the United States as the price of oil fell and worries about the prospects for an automakers' bailout increased.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:AIA, NZX:CEN, NZX:FBU, NZX:FPH, NZX:LPC, NZX:MFT, NZX:NPX, NZX:NZ50, NZX:NZO, NZX:POT, NZX:SAN, NZX:SKC, NZX:TEL, NZX:TWR

Rakon cuts workforce by 45

Fri, 21 Nov 2008 18:13:00 +1300

Rakon Ltd is reducing its workforce by 45 in a bid to streamline its Auckland manufacturing operation.
Related Symbols: NZX:RAK

NZ dollar drops, lowest in six years

Fri, 21 Nov 2008 17:32:00 +1300

As recession fears shook world markets the New Zealand dollar sank to six-year lows.
Related Symbols: FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

Mainfreight still increasing its business

Fri, 21 Nov 2008 16:15:00 +1300

Mainfreight, New Zealand's largest logistics company, said its business is going far better than its share price is reflecting.
Related Symbols: NZX:MFT

Horizon Energy net profit up 50 percent

Fri, 21 Nov 2008 15:36:00 +1300

Eastern Bay of Plenty electricity network company Horizon Energy posted a half year net profit up 50 percent to $3.8 million.
Related Symbols: NZX:HED

Fonterra farmers may have to pay for Sanlu exit

Fri, 21 Nov 2008 13:20:00 +1300

Fonterra chief executive Andrew Ferrier says it looks likely the cooperative's 10,724 farmers will have to write off their entire investment in toxic Chinese joint venture Sanlu.

ANZ National cuts mortgage rate

Fri, 21 Nov 2008 13:18:00 +1300

ANZ National Bank and ASB are cutting their variable home loan rate to 8.7 percent from 9.45 percent.
Related Symbols: ASX:ANZ, ASX:WBC, NZX:ANZ

Little change in Zintel profit

Fri, 21 Nov 2008 13:14:00 +1300

Zintel Group Ltd reported a $1.226 million bottom line profit in the six months to September 30, little changed from the $1.248m in the same period last year.
Related Symbols: NZX:ZIN

Brook Asset Management makes appointments

Fri, 21 Nov 2008 12:37:00 +1300

Brook Asset Management say Slade Robertson will join the business as a senior portfolio manager, and Andrew Mortimer will join as a senior research analyst.

NZ's annual net migration gain hits seven-year low

Fri, 21 Nov 2008 12:19:00 +1300

New Zealand's net migration gain in the year to October was the lowest for any 12-month period in seven years, new figures show.

Fonterra cuts projected payout

Fri, 21 Nov 2008 12:01:00 +1300

Fonterra Cooperative Group Ltd today slashed its farmers' expected payout for the current season to $6/kg milksolids.

Electronic card spending up in October

Fri, 21 Nov 2008 11:34:00 +1300

Despite the doom and gloom in the retail industry, the value of electronic card transactions (ECT) was up in October, latest statisticis reveal.

Overseas visitor arrivals continue to fall

Fri, 21 Nov 2008 11:32:00 +1300

Another fall in the number of short term visitors to this country points to growing stresses on the tourism industry as the global economy slows.

Ryman profits up to $26m

Fri, 21 Nov 2008 11:09:00 +1300

Aged care and retirement village operator Ryman Healthcare says demand for its product continues to grow, as it posted a 10 percent rise in first half realised profit to $26 million.
Related Symbols: NZX:RYM

NZ shares slide early after Wall St plunge

Fri, 21 Nov 2008 10:32:00 +1300

The New Zealand sharemarket was down sharply in early trading, after equities plunged in the United States as the price of oil fell and worries about the prospects for an automakers' bailout increased.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:AIA, NZX:CEN, NZX:FBU, NZX:FPH, NZX:LPC, NZX:MFT, NZX:NPX, NZX:NZ50, NZX:NZO, NZX:NZX, NZX:POT, NZX:SAN, NZX:SKC, NZX:TEL, NZX:TWR, NZX:WEN

Tower profit jumps 17 percent

Fri, 21 Nov 2008 10:27:00 +1300

Insurer and fund manager Tower posted a 17 percent rise in full year net profit after tax to $40.5 million.
Related Symbols: NZX:TWR

Christchurch Council to raise stake in Lyttelton Port

Fri, 21 Nov 2008 10:07:00 +1300

Christchurch City Council's investment arm is looking to buy another 2.48 percent of the shares in Lyttelton Port Co (LPC), as it looks towards delisting the port operation.
Related Symbols: NZX:LPC

Mainfreight lifts half-year profit

Fri, 21 Nov 2008 09:16:00 +1300

Freight and logistics company Mainfreight posted a 9.5 percent increase in half year net profit before non-recurring items of $17.2 million.
Related Symbols: NZX:MFT

NZ dollar drops below US53c

Fri, 21 Nov 2008 08:41:00 +1300

As recession fears shook world markets, the New Zealand dollar dropped below US53c for the first time in nearly six years.
Related Symbols: FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

Five creditors support property developer

Fri, 21 Nov 2008 08:01:00 +1300

As the battle to bankrupt property developer Andrew Krukziener returned to court, five of his creditors came out in support of him.
Related Symbols: NZX:TWR

Syft Technologies signals rights issue

Thu, 20 Nov 2008 18:24:00 +1300

Syft Technologies Ltd (Syft), a Christchurch-based technology company, today signalled a capital raising via a rights issue to existing shareholders.

NZ sharemarket closes down

Thu, 20 Nov 2008 18:08:00 +1300

The New Zealand sharemarket went for a ride lower today along with slumping world markets.
Related Symbols: ASX:AMP, ASX:WBC, INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:AIA, NZX:AIR, NZX:CEN, NZX:EBO, NZX:FBU, NZX:FPH, NZX:GPG, NZX:LNN, NZX:MHI, NZX:NPX, NZX:NZ50, NZX:POT, NZX:RAK, NZX:SKC, NZX:SKT, NZX:TEL, NZX:TPW

Zygem signs big distribution deal with lab supplier

Thu, 20 Nov 2008 17:44:00 +1300

Hamilton-based biotech start-up Zygem Corporation has signed a deal with a big American laboratory supply and distribution business VWR.

NZ dollar slides along with Asian equity markets

Thu, 20 Nov 2008 17:24:00 +1300

The New Zealand dollar lost ground again today as Asian equity markets fell, increasing risk aversion once again.
Related Symbols: FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

Fairfax merges NZ online sites

Thu, 20 Nov 2008 17:06:00 +1300

Fairfax Media's stand alone websites BusinessDay.co.nz and RugbyHeaven.co.nz are to be merged into the company's Stuff.co.nz site.
Related Symbols: ASX:FXJ