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[sharechat] Daily ShareChat News Summary

From: "The ShareChat Team" <>
Date: 21 Oct 2002 17:28:32 -0000

Hi everyone, here's the summary of the ShareChat News from yesterday. 

If you'd like to receive notification of breaking news stories and 
features from the ShareChat editorial team as soon as they're 
available, please subscribe to the ShareChat News Alert Service, 
using the form at


Otter Gold to delist from NZSE

Australian gold exploration company Otter Gold Mines will be delisted from the 
New Zealand Stock Exchange on November 1


Fletcher Building December notes pay 11.75 percent interest

Building products company Fletcher Building will pay 11.75 percent interest on 
its December 2002 capital notes, the company said today


Moody's upgrades NZ's foreign currency rating to AAA

International credit rating agency Moody's Investors Service today upgraded New 
Zealand's sovereign foreign currency rating to Aaa from Aa2


NZ fashion's big money-spinner launches today

New Zealand's apparel industry launches its largest money spinner today with 
the opening of the annual L'Oreal Fashion Week in Auckland today


Fonterra takes firm grip across the Tasman

Fonterra yesterday took effective control of some of Australia's best known 
dairy brands -- including Bega cheese and Western Star butter -- in the biggest 
consumer dairy foods merger so far seen on that side of the Tasman


Auckland Port shareholders given bright outlook

Ports of Auckland will delay dredging its commercial shipping lane in the 
Rangitoto Channel, shareholders were told today


Tranz Rail posts higher than forecast bottom-line loss

National rail operator Tranz Rail Holdings Ltd today announced a higher than 
expected bottom-line loss for the September quarter of $14.2 million, against 
its forecast $13.3 million

Best Regards

The ShareChat Team

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