Article – Businesswire

Nov. 20 (BusinessWire) – New Zealand shares fell, with rural services group PGG Wrightson declining after announcing its capital-raising plans, as investors prepare for revival in initial public offerings and share sales. Carpet maker Cavalier Corp. … Read more »

Article – Businesswire

Nov 20 (BusinessWire) – What an irony it would be if, after nine years of a government pushing uneconomic investment in wind power, it was followed by an equally uncommercial push by the current government to establish a bigger oil and gas industry in New … Read more »

Article – Businesswire

Nov. 20 (BusinessWire) – Australia New Zealand Banking Group, the parent bank of ANZ and National Banks, intends to sell its custodian services businesses in Australasia to investment bank JP Morgan. ANZ’s group managing director Shayne Elliott said … Read more »

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by Paul McBeth Nov. 20 (BusinessWire) – Fonterra Cooperative Group, the world’s largest exporter of dairy products, has sold its stake in a joint venture to market Anchor products to the U.K. Fonterra sold its 25% interest in AFF for an undisclosed … Read more »

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by Paul McBeth Nov. 20 (BusinessWire) – Communications Minister Steven Joyce has granted Telecom Corp. nine months to cut down potential information-sharing among its units as part of the company’s government-enforced operational separation. … Read more »

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Nov. 20 (BusinessWire) – Agria Corp. will become the biggest shareholder of PGG Wrightson after the unprofitable rural services group raises a total of $249.4 million selling shares and notes to slash its debt levels. Read more »

Article – Businesswire

Nov. 20 (BusinessWire) – PGG Wrightson, the rural services company aiming to shed debt to woo a new cornerstone investor, plans to raise $180.a million in a rights issue at a deep discount. Read more »

Article – Businesswire

by Paul McBeth Nov. 20 (BusinessWire) – The New Zealand dollar sank as share markets around the world tumbled amid nervousness about the strength of the global recovery as investors eschewed higher-yielding, riskier assets. Stocks on Wall Street slid … Read more »

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Nov. 20 (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. Read more »

Article – Businesswire

by Pattrick Smellie Nov 20 (BusinessWire) – A partially privatised, government-backed oil and gas exploration business emerges as a practical option for kick-starting a higher level of activity in the New Zealand oil and gas sector, says a report prepared … Read more »

Article – Businesswire

Nov. 20 (BusinessWire) – Shares in PGG Wrightson Ltd., the country’s biggest rural services company, have been put on a trading halt pending an announcement later today. Read more »

Article – Businesswire

Nov. 20 (BusinessWire) – Stocks dropped on Wall Street and in Europe after Bank of America downgraded computer chipmakers and a rising U.S. dollar weighed on commodity prices. Read more »

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Nov. 19 (BusinessWire) – New Zealand shares rose for the first day in three after Pan Pacific Petroleum said it may yet can exposure to a Vietnam exploration block and Fisher & Paykel Healthcare posted a record first-half profit and was upbeat … Read more »

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Nov 19 (BusinessWire) – Climate Change Minister Nick Smith evoked the spirit of the ANZACs when he spoke to Federated Farmers’ national council meeting today on the vexed issue of the emissions trading scheme. Read more »

Article – Businesswire

Nov. 19 (BusinessWire) – DNZ Property Fund Ltd., which has a portfolio worth some $770 million, has joined the IPO rush and is looking to raise as much as $140 million in a bid to pay down bank debt, end its management contract and join the NZX50 index. … Read more »

Article – Businesswire

Nov. 19 (BusinessWire) – The New Zealand dollar eased lower after weaker-than-expected U.S. housing data eroded investors’ appetite for higher-yielding, or riskier, assets and dragged down stocks on Wall Street. Read more »

Article – Businesswire

by Pattrick Smellie Nov 19 (BusinessWire) – Surging demand for Fisher & Paykel Healthcare Ltd’s obstructive sleep apnea products delivered a record first half profit of $37.0 million, the company announced this morning. Read more »

Article – Businesswire

Nov. 19 (BusinessWire) – Mainfreight Ltd., the biggest trucking company on the NZX 50, posted a 37% slump in half-year profit as its U.S. operations continue to struggle. Trading improved in the second quarter, it said. Read more »

Article – Businesswire

Nov. 19 (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. Read more »

Article – Businesswire

Nov. 19 (BusinessWire) – Shares on Wall Street weakened after figures showed housing starts unexpectedly fell and consumer prices rose. The Nasdaq Composite declined after Autodesk Inc., an engineering software company, said it faces “challenging” … Read more »