Friday 12th September 2003 |
Text too small? |
Sharemarket observers declared the Tranz Rail takeover over after Toll Holdings lifted its bid from 95c to $1.10 and several institutions said they would accept.
Walker Wireless renamed itself Woosh Wireless and launched a broadband service it said would cover 70% of Auckland by year's end. Chief executive Bob Smith said the funds needed would come from existing shareholders and a float would be considered in 18 months to two years' time.
Hugh Martyn will take over from George Gould as chief executive of rural services company Pyne Gould Guinness on October 22.
Fletcher Challenge Forests commissioned a third, $2.5 million line at its Taupo timber moulding plant, to provide additional capacity for the US market.
Submarines Australasia's shares were suspended from trading after the company missed the August 29 deadline for issuing its full-year results.
Trans Tasman Properties' 55% owner SEA Holdings will vote in favour of TTP's takeover offer for Australian Growth Properties. A special meeting next month will therefore be a formality.
Tauranga furniture maker Design Mobel bought Waikato's Restwood. Both companies make flexible slat beds.
Homeware group Briscoe posted a $9.9 million July first- half profit, up from $9.6 million a year ago. Sales were 10% higher at $140.9 million.
Fairfax New Zealand appointed an advisory council for the publishing operations recently acquired from INL. They are Wayne Boyd, Lloyd Morrison, Joan Withers and Humphry Rolleston.
TelstraClear won a four-year $40 million service contract with IAG New Zealand, the country's largest general insurer.
Australia's Competition and Consumer Commission gave a final "no" to Qantas and Air New Zealand's alliance plans, as expected. The Commerce Commission will rule later this month.
No comments yet
AIA - June 2025 Monthly traffic update
CHI - Q2 2025 Operational Update
July 15th Morning Report
BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report