Business Scoop

Archive for December, 2010

Top of the South farmers resilient

Press Release – Federated Farmers

Top of the South farmers resilient but hoping for light rain to aid clean-up Read more »

Jeff Grant Challenged To Front Up With The Float Facts

Press Release – Wool Exporters Council

31 December 2010 Jeff Grant Challenged To Front Up With The Float Facts The chairman of Wool Partners Co-operative Jeff Grant has been challenged to come clean and provide an accurate update of how many growers have signed up for the $65 million capital … Read more »

Canterbury quake to cost reinsurers US$6B, says Flagstone

Article – BusinessDesk

Dec. 31 (BusinessDesk) – The 7.1 magnitude Canterbury earthquake is set to cost reinsurers as much as US$6 billion, with the third firm in two weeks upgrading its estimated loss. Read more »

MARKET CLOSE: NZ stocks fall in year-end flurry; banks fall

Article – BusinessDesk

Dec. 31 (BusinessDesk) – New Zealand shares fell, with stocks of Australian banks and Fletcher Building Ltd. ending the year lower. The benchmark NZX 50 Index rose 2% in 2010, recovering from a mid-year slump. Read more »

Xero says surge in stock reflects upbeat outlook

Article – BusinessDesk

Dec. 31 (BusinessDesk) – Xero Ltd., the accounting software company, says upbeat appraisals of the software sector’s outlook on a 56% surge in the stock price this month. Read more »

NZ exporters may get little respite from high kiwi in 2011

Article – BusinessDesk

Dec. 31 (BusinessDesk) – New Zealand exporters hoping for a significantly weaker currency may not get respite in 2011, with the kiwi dollar unlikely to shed much, if any, of this year’s 6.7% gain, analysts say. Read more »

IG Markets: Morning Prices

Press Release – IG Markets

In the US overnight, traders shrugged off strong economic data releases and light volumes to engage in a bit of profit taking, looking lock in some of the huge gains seen in December. For the month, the Dow Jones is up 5.3% while the S&P 500 and … Read more »

NIWA: New Year survey marks 20th anniversary of Chatham Rise

Press Release – NIWA

On New Year’s Day, NIWA’s research vessel Tangaroa departs for its first voyage, since its recent $20 million dollar upgrade, making its twentieth consecutive trip to the Chatham Rise to study the abundance of important fish species. Read more »

Stocks to watch: ALF, FPH, GPG, HGD, NZO, SKL

Article – BusinessDesk

Dec. 31 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. Read more »

NZ dollar climbs above 77 cts, fourth-best performer in 2010

Article – BusinessDesk

Dec. 31 (BusinessDesk) – The New Zealand dollar climbed above 77 U.S. cents for the first time since November as strong commodity prices underpinned support for riskier, or higher-yielding, assets, leaving the kiwi poised to be the fourth-best … Read more »

While you were sleeping: Recovery trend intact

Article – Businesswire

(BusinessDesk) December 31 – The calendar may flip a page but the outlook set in the second half of 2010 seems likely to extend well into the New Year. Read more »

MARKET CLOSE: NZ shares rise; NZOG catches commodity wave

Article – BusinessDesk

Dec. 30 (BusinessDesk) – New Zealand shares rose in low-paced holiday trading. New Zealand Oil & Gas climbed 2.5%, its third daily gain, as commodity prices firmed. Read more »

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