Sharemarket News Archive 2010
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January 2010 February 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 January 2010 1st - While you were sleeping: Stocks mixed at year end While you were sleeping: Stocks extend gains into 2010 Stocks to watch: Contact, Freightways, Fletcher Bldg, Air NZ NZ dollar starts 2010 on the front foot as commodities climb Strategic Finance bank debt knocks down first repayment to investors Warehouse predicts flat first-half as Xmas fails to cheer Global doldrums push NZX trading to a five year low in 2009 NZ Funds likes utilities in 2010 NZX CLOSE: NZ shares open 2010 on upbeat note, F&P Appliances gains ASX CLOSE: Rising commodity prices pushes ASX higher While you were sleeping: Stocks, oil hit pause Stocks to watch: Xero eyes US, NZX trading light in 2009 Fonterra milk prices fall Dollar slips as Fonterra milk price dips NZX CLOSE: NZ shares edge up despite fears of weak Xmas retail spending ASX CLOSE: Market oscillates in and out of positive territory While you were sleeping: U.S. jobs data awaited NZ dollar surges to 7-week high as Fed minutes reaffirm low US rates Stocks to watch: NZOG, Kathmandu, Wool Equities, TrustPower NZ annual trade deficit smallest in 7 years, imports slump more than exports Auckland house prices stabilising at boom-time levels: Barfoot PGW sells half-stake to partner in Canterbury saleyards Sky City expects to make $70 million from sale of cinema businesses NZX CLOSE: NZ shares gain in thin trading as Asian equities mixed ASX CLOSE: Market drifts lower in light volumes While you were sleeping: Narrow range, China moves NZ dollar drops below 80 Aust cents as spending surges across the Tasman Stocks to watch: Michael Hill Xmas trading, Contact and Fletcher rally, NZX, OBV Stronger Christmas for Michael Hill in NZ and Australia Monday 11th January 2010 Weekly Diary for Monday 11th January 2010 Greymouth Chilean oil project frustrated by NZ policy flip-flops Fertiliser price pressure likely as commodities recover: Rabobank NZX CLOSE: NZ shares gain, led by Michael Hill on better trading result ASX CLOSE: Defensive stocks and financials add bulk of points today NZ house prices heading back to boom-time values: QV World Week Ahead: Focused on the light at the end of the tunnel Daily ShareChat: Nuplex Industries NZ dollar gains on prospect of low US rates following weak employment data Stocks to watch: AIA, AFFCO, Fletcher Building Hubbard brings companies under a new umbrella, raises $27 mln for SCF Auckland airport seeks tourism growth through North Queensland acquisitions NZ Dollar Outlook: Kiwi likely to gain as returning investors keen on risk Infratil sells stake in Aust Energy Developments for A$140 mln NZX CLOSE: NZ shares edge lower, led by Auckland Airport ASX CLOSE: Chinese data boosts the mining sector While you were sleeping: Stocks mixed; USD slides NZ dollar pushes above 74 US cts ahead of NZIER's QSBO Stocks to watch: Hallensteins, Pike River, Nuplex Business optimism stalls as recovery catches up Applefields shares suspended ahead of NZX de-listing vote Telecom pays out $9.5 million to customers over Xtra breach, gets warning Andrew Barney takes over as MBA director Matthew Wood opens executive search firm Credit card surcharges attract competition watchdog's attention MARKET CLOSE: NZ shares fall as Asia-Pacific region prepares for US earnings ASX Close: Profit taking leaves ASX down Daily ShareChat: The Warehouse Group While you were sleeping: Stocks fall, USD rises Dollar slips as China signals move to normal monetary policy setting Stocks to watch: Air NZ prepares for ski season Full takeover bid for Horizon as interest mounts FBU unit threatened if anti-dumping duty removed Dairy, aluminium and timber lead surging commodity prices in 2009 NZX CLOSE: NZ shares fall for third straight day, led by financials Fragile jobs mood turning positive ASX CLOSE: Market dips as traders look to reduce China exposure While you were sleeping: Stocks rise, Google gags NZ dollar little changed ahead of Aust employment data Stocks to watch: AMP NZ Office Trust waits on building data, CEN, ALF, FBU Home-building and hospitals push up November building consents TVNZ denies $15 million pay-out to Simunovich, confirms settlement Eastern Hi Fi calls in receivers Harbour Asset Management team will have free rein: First NZ Capital NZX CLOSE: NZ shares edge up, led by ANZ and financial stocks ASX CLOSE: Market higher on stronger than expected employment numbers Monday 18th January 2010 Daily ShareChat: NZX While you were sleeping: ECB reassures, Stocks flat NZ dollar holds above 74 US cts on strong Aust employment Stocks to watch: NZX, Warehouse, Air New Zealand Sealord auditor earmarks funding as potential bogey amid decline in profit Card statistics confirm flat Christmas Weekly Diary for Monday 18th January 2010 First Kupe crude to Aussie next week; OMV stalls on GSB Strategic Finance sparks second review after boosting provisions Accounting and tax news round up Next Wednesday for Tax Working Group report ASX CLOSE: Market finishes higher; Commonwealth Bank of Australia surges WORLD WEEK AHEAD How sick is America? Static inflation holds off interest rate rises Stocks to watch: Fletcher, Infratil, Wrightson, Spotless Pyne Gould takes Skellerup's spot NZ dollar eases as U.S. data supports greenback, earnings damp risk appetite House prices continue their ascent NZ Dollar Outlook: Kiwi likely to tread water until CPI data Macraes gold reserves increased again Expect a strong economic recovery: Westpac MARKET CLOSE: NZ shares dip amid outlook for flat earnings Marlin nets a good takeover deal ASX Close: Banks beat miners While you were sleeping: European shares mostly higher Kiwi edges higher while US on holiday Stocks to Watch: ANZ, Fletcher, PGC, TEL Appetite for M&As set to grow Dun & Bradstreet tips RBNZ to hold rate hikes until mid-2010 Allan Hawkins takes second tilt at Cynotech Crackdown on rental property loopholes and a higher GST tempt Key MARKET CLOSE: NZ shares fall to 2010 low ASX Close: Disappointing day and outlook poor While you were sleeping: Stocks higher on Kraft, Citi Stocks to Watch: Cynotech, Diligent, NZO, OGC, SPY NZ dollar trades near top of recent range CPI drop likely to be good for interest rates NZ dollar tumbles as CPI reaffirms rate cut expectations for mid-2010 Raise GST and close property loopholes to fix tax system Dunne signals action on Working for Families rorts Brownlee gives the green light for more petroleum exploration Property investors face double-whammy in tax proposals Fonterra plans $250 mill bond offer MARKET CLOSE:TWG reports hits market Why wait for the Aussies on tax? English ASX Close: Industrial sector best performer While you were sleeping: Stocks hit by China, earnings NZ dollar tumbles to lowest in 2010 after CPI falls, Chinese lending tightened Stocks to watch: F&P Healthcare, ING, LPC, Warehouse Graeme Hart puts $225 mill of dairy farms on the market Daily ShareChat: Energy Developments NZ manufacturing climbs to 2-year high on production, new orders: PMI Takeovers Panel on Hawkins' takeover of Cynotech Holdings Accounting and tax news round up Cullen Fund continues to bounce back Longstanding Powerco chief financial officer retires NZRC appoints a new company secretary Spotless adds another company secretary NZ consumers gearing up to 'open the wallet' as confidence jumps: ANZ NZX CLOSE: NZ shares slip for fifth day; KIP falls, FPH gains ASX CLOSE: Commodities detract points and push market lower Daily ShareChat: Property Gross Index Monday 25th January 2010 While you were sleeping: Obama takes aim at big banks Stocks to watch: Affco, Contact, FPH, Kiwi Income, Nuplex NZ dollar falls for second day as Obama plan, China inflation sap risk appetite Nuplex shares soar on record first-half profit, reinstated dividends Weekly Diary for Monday 25th January 2010 Tax reform group's report 'meek', radical tax cuts needed, says NZIER: NZX CLOSE: NZ shares slide as global risk appetite wanes; FBU, CEN, TEL fall ASX CLOSE: Markets lower; materials sector does most damage SMELLIE SNIFFS THE BREEZE: Soaking the Rich Daily ShareChat: Auckland International Airport World Week Ahead: C-C-C-C-orrection pending Stocks to watch: Contact, NZO, Nuplex, Pike River Kiwi sinks amid banking fears Pan Pacific to abandon well NZ Dollar Outlook: Kiwi may hold above 70 USc Service sector's growth slowed in December Fonterra farmers fork out $270.5mill for new shares MARKET CLOSE: NZX50 sinks in light trading ASX Close: Defensive sectors outperform on quiet day While you were sleeping: Bump in the recovery road Stocks to watch: AIA expansion an 'expensive experiment', Nuplex, PPP Dollar edges up amid rumoured Bernanke reappointment Daily Share Chat: Commonwealth Bank of Australia Hiring expectations up Air NZ rolls out long-haul passenger comforts Gaynor's Milford Asset Management gets some NZ Super money Former ASB adviser to plead guilty to $18m fraud MARKET CLOSE: NZ shares snap 7-day slide S&P 500 results hint at recovery; earnings lag behind pre-recession levels While you were sleeping: Confidence renewed but for China Daily Share Chat: PGG Wrightson Dollar holds below 71 US cents as investors get jitters from policy makers Stocks to watch: Auckland Airport, NZO, Wrightson, Xero Xero enters agreement with Yodlee to further global expansion AIA seeks $126m for Queensland foray Abano first-half profit soars on asset sale proceeds Sanford's Barratt calls for tax on forex trading as soaring kiwi erodes profit Moody's says impaired loans have peaked, upgrades NZ bank outlook ASX Close: Dismal day on market with commodities weighing market down MARKET CLOSE: NZ shares fall; Nuplex, Freightways, WHS, FBU drop While you were sleeping: Stocks extend their slide OCR holds, mid-year rate hike still likely Daily Share Chat: Pike River Coal Bollard holds OCR; reiterates outlook for mid-year hike Stocks to watch: Abano, Telecom, WHS, XRO Harcourts looks to grow up north Dollar holds above 70.50 US cents as global concerns swamp OCR review Telecom's Reynolds apologises as shares decline on XT outage Renaissance Corporation announces new CFO NZ cartel crackdown aims to cut price gouging by up to a fifth Geneva to lose its wholesale funding line MARKET CLOSE: NZ shares extend decline; Telecom, oil companies slide ASX Close: Market finishes up against a negative backdrop While you were sleeping: Techs rattle Wall Street Stocks to watch: Affco, Air NZ, Fletcher, Telecom Dollar likely to hold above 70 US cents as risk appetite fades Auckland Airport institutional shareholders snap up discounted stock Consumers eschew plastic for personal loans and hire purchase Telecom puts forward plans for govt broadband initiative Building consents stall in December amid falling home sales Daily Share Chat: Nuplex Annual trade deficit shrinks to lowest level in 7 years as imports fall Hallenstein forecasts 50% jump in 1H profit Bank liquidity requirements could keep rate hikes to a minimum: Bollard PRC gets new counsel Government accounts propped up by higher GST, investment earnings Property profits for Charlie's NZ Farming Systems confirms loss forecast MARKET CLOSE: NZ shares join global sell-off ASX Close: Investors head for the door New chief for Affco February 2010 1st - World Week Ahead: US needs jobs growth after GDP data NZ jobless rate may have climbed to 6.8% last quarter Stocks to watch: TEL, Allied, Charlie's, Glass Earth, HLG, NPX Greece's fiscal woes impact dollar Cavalier signs former AIA CEO NZ Dollar Outlook: Kiwi likely to fall this week amid bout of risk aversion Oyster Bay and Delegat's yet to agree on grape prices NZ commodity prices post 11th straight monthly gain MARKET CLOSE: NZX 50 falls, China fears weigh on resources Generator looks for investment now it has resource consents ASX Close: Value investing sentiment emerging Monday 8th February 2010 While you were sleeping: Manufacturers shifted gears Stocks to watch: Hallenstein, Infratil, RNS, TTK, Telecom Daily ShareChat: Woolworths NZX trading picked up by volume in January as value of trade ebbed Kiwi dollar's strength wipes out any market price gains for lamb and beef Investment banker pleads guilty to $18m fraud charges NZ full-time employment rises amid slowing wage growth Auckland Airport gains after capital raising, risks of Queensland foray downplayed Kiwi investors show a slightly greater appetite for higher-risk funds English sets May 20 date for budget which will include tax reform package Telecom offers $5 million in credits in sorry note for XT network failure Fonterra milking Chinese demand, expanding farm operations Australian central bank unexpectedly leaves key rate unchanged; dollar tumbles NZX CLOSE: NZ shares fall, led by Pan Pacific; AIA gains after share sale ASX CLOSE: Market rebounds; RBA keeps rates on hold While you were sleeping: Global stocks fundamentally good Fonterra milk powder falls for second month Stocks to watch: AMP Office, Auckland Airport Dollar rises to four-week high vs Ausi as RBA keeps rates unchanged Daily ShareChat: Auckland International Airport HNZ to guarantee Kiwibank home loans for multiple-owned Maori land SCF says impairments lead to first-half loss Telecom downplays reports of outsourcing MARKET CLOSE: NZ shares drift lower as earnings loom NZ banks post second-half loss amid debt write-offs, tax ruling: PwC ASX Close: Investors start to get their appetite back While you were sleeping: Stocks slide on weak results NZ dollar falls below 71 US cents as risk appetite wanes, jobs data looms Stocks to watch: Air NZ, AMP, AIA, Pike River, Telecom Daily ShareChat: Infratil Nuplex names Boral executive Severin as CEO, replacing long-serving Hirst NZ jobless rate jumps to 7.3%, may slow start of rate hikes; kiwi, swap rates drop AMP NZ Office's Stobo says proposed tax changes would erode earnings UPDATED: Mint Chicks dump Warner for local digital music start-up WARNING: Illegal Share Offer - Inertialess Drive ZPE (2010) Limited Auckland house prices fell in January amid ongoing decline in sales NZX CLOSE: NZX 50 snaps 6-day losing streak; PGC, TEL, PGW gain ASX CLOSE: Market closes down on weak retail data While you were sleeping: Shares slump amid pessimism Daily ShareChat: Abano Healthcare Stocks to watch: Briscoe, Genesis, NZ Windfarms, Wrightson, South Port NZ dollar sinks to five-month low as European fiscal fears dominate Briscoe says full-year profit almost doubled after strong Christmas; shares jump Monday 8th February 2010 Weekly Diary for Monday 8th February 2010 Auckland Airport welcomed more overseas flights in '09, but fewer passengers Accounting and tax news round up TrustPower latest power retailer to ditch customer service upgrade Dorchester Pacific's finance unit takes $1M provision on Erceg loan Maori Trust injuncts Horizon Energy takeover poll ASX CLOSE: Investors offload anything risk associated NZX CLOSE: NZ stocks stumble in global sell-off; FBU, TEL, PPP drop Daily ShareChat: The Warehouse Group NZ house values rose last month in 'patchy' market: QV NZ housing market 'looks slightly spongy,' no sign boom is returning, Bollard says World Week Ahead: Tolerance for risk taking a hit NZ dollar touches new five-month low as US sheds more jobs Stocks to watch: Abano, Briscoe, FPH, SPY, TPW NZ Dollar Outlook: Kiwi may weaken on global risk; Key speech awaited Margin pressure rising for New Zealand electricity retailers, Fitch says Pyne Gould's Marac unit to take $2.5 million provision for irregularity over loan Kiwibank lowers floating rate Genesis opens bidding for a South Island customer base NZX CLOSE: NZX 50 sinks to 5-month low; PGC, Pike, NZR fall ASX CLOSE: Market sees modest gains Daily ShareChat: Abano Healthcare While you were sleeping: Equities held in check Stocks to watch: Abano, AMP, NZR, Pike, WHS NZ dollar trades near five-month low ahead of PM's speech on tax Warehouse Group plans $100 million sale of five-year bonds NZ business survey shows confidence still high but coming year expected to be hard work Deutsche Bank looks set to take stake in Craigs Investment Partners Exclusive: Harbour Asset Management wins $225 million in new mandates NZ financial regulations should play into Tower's hands, investors told Key kicks for touch on property tax COMMENT: Good politics, but will it fix a 'broken' tax system?: Key takes middle road in whacking residential investors New Zealand's dairy herd now matches human population, wine output soars, government figures show 'Sweet spot' for stock markets over, but still a better bet in 2010: AMP Capital NZ fish-oil encapsulation technology set to ramp up from Speirs Group's Marton base NZX CLOSE: NZX 50 sinks to new 5-month low; Pike, PGW fall ASX CLOSE: Market dips, but holds above 4500 Daily ShareChat: Sky Network Television While you were sleeping: Greece relief in sight Dollar pushes above 69 US cents amid prospect of relief for Greece Stocks to watch: Sky TV subscription outlook dim, Warehouse bonds Eastern Bay Energy Trust seeks court ruling on deed, halts Horizon takeover Vector wins $4.6m dispute with BOP Energy over gas charges Electronic card transactions climb for third month Tax avoidance settlement pushes ASB to first-half loss Earnings season to reflect slow 'grind' out of slump English expands on tax package parameters Kahili gasfield may be revived as government seeks bids Postie Plus narrows first-half loss, shares climb NZX CLOSE: NZ shares gain; Fletcher trade dominates, FPA gains ASX CLOSE: Market gains, financials disappoint Daily ShareChat: New Zealand Oil & Gas Monday 15th February 2010 While you were sleeping: Bernanke's cold water splash NZ dollar climbs back above 69 cents ahead of China CPI, Australian jobs data Stocks to watch: Telecom, Contact Energy, Steel & Tube, Tenon NZ manufacturing expanded last month on production, new orders: PMI Fonterra postpones XT roll-out following outages on Telecom network Tourists to NZ underpin gains in December accommodation numbers Steel & Tube first-half profit tumbles 85% on weaker steel prices, less demand Super Fund kicks manager off the team TelstraClear earnings growth stalls amid slower capital spending Botherway quits DNZ board Falling NZ house sales may indicate faltering economic recovery L&M Energy crosses fingers for latest Taranaki seismic survey Contact shares hit 7-month low on price rise announcement Fonterra cuts bond sale to $150 million after sourcing cheaper offshore funds NZX CLOSE: NZ shares fall; Contact, Steel & Tube, Cavalier decline Mighty River Power lengthens book with $100 million bond issue ASX CLOSE: Bargain hunters push market higher Daily ShareChat: AMP NZ Office Trust While you were sleeping: Short of details, risk remains South Canterbury faces $1.1 billion in redemptions this year Stocks to watch: Telecom, Contact Energy, Tenon NZ dollar pushes above 70 US cents on Australian employment data, Greece bail-out Telecom second-quarter underlying profit slumps 24% amid shrinking sales House sales dry up in January Appliance wars and lattes keep retail sales rising in December quarter Auckland Airport heads to Supreme Court over land claim IN DETAIL: Telecom cost-cutting measures fail to halt second-quarter profit slide Weekly Diary for Monday 15th February 2010 2degrees mobile customer numbers push total market over 5 million EXCLUSIVE: Fonterra's Ferrier sees dairy prices stabilising, long-term growth Accounting and tax news round up Brugh appointed as Macquarie investment adviser Key flays Bollard for ignoring NZ's water and mineral potential MARKET CLOSE: NZ shares edge up amid gloomy opening to earnings season ASX CLOSE: Slight rise for ASX200; market still nervous Daily ShareChat: Sky City Entertainment Group World Week Ahead: Focus intensifies on euro-zone outlook Stocks to watch: AMP Office, Auckland Airport, LME, NZX, TEL NZ dollar falls amid uncertainty over Greece bailout plant NZX takes $20 million hit on value of TZ1 post-Copenhagen Freightways posts 14% drop in first-half profit, sees NZ services sector expands for a third month, paced by new orders: PSI NZ Dollar Outlook: Kiwi likely to hold above 68 US cents amid Europe debt issues Top tech lawyer joins Copyright Tribunal NZX CLOSE: NZ shares fall; NZX drops on TZ1, Freightways down after earnings ASX CLOSE: Market closes lower with subdued trading Daily ShareChat: Contact Energy While you were sleeping: Positive start in Europe NZ dollar inches higher amid Asia, US holidays; Greece outcome awaited Stocks to watch: Contact, Freightways, NZX, Sealegs 42 Below founders plan another IPO GPG ups offer for listed Australian farmer Tandou; looks to rationalise its assets SkyCity profit surges 30% as debt buyback slashes interest costs; stocks gains Hercules upgrade delays cost 100 jobs in Blenheim Westpac first-quarter profit rises about 33% on loan demand, fewer defaults Costs up, prices received down as NZ producers face squeeze at both ends Government guarantee holds key to South Canterbury Finance's future: Maier: Refinery announces slashed profit for year with reduced margins to continue Uruguay dairy venture improves on last season Buddle Findlay appoints six senior associates New Zealand bioscience sector growing, seeking capital ASX CLOSE: Westpac steals the limelight, jumps 6.2% NZX CLOSE: NZ shares gain; Westpac lifts on earnings growth, SKC advances Daily ShareChat: Harvey Norman While you were sleeping: Barclays bolsters optimism Dollar holds as markets pick RBA to keep hiking rates Stocks to watch: Fletcher earnings, Contact rated 'buy' Fletcher posts 11% drop in first-half earnings Boost for Contact's customer numbers ING Medical takes swipe at proposed tax tweaks Ports of Auckland lifts profit, pays dividend $10m at stake for Greymouth Petroleum in tax plea Cynotech ho-hum on Hawkins takeover offer NZX CLOSE: NZ shares rise for 2nd day, led by banks ASX CLOSE: Widespread buying buoys market While you were sleeping: Banks bolster Europe Daily ShareChat: AMP Office Trust Tenon breaks even in first half; demand from China grows Skellerup claws out of recession despite profit dive in first half Stocks to watch: Fletcher, Skellerup, ING Medical, Mainfreight, Tenon Telecom request to exempt VDSL from unbundling rebuffed Mainfreight posts 12% drop in 9 months profit, sees pickup through year-end NZ dollar holds above 70 US cents amid ongoing concerns over European debt Australian trading helps lift Michael Hill's pretax earnings Commerce Commission places new Telecom VDSL services outside regulations Tougher rules coming for fund managers and trustees AMP still interested in AXA despite rejection Imputation tax credit to stay: English NZ credit ratings flow in as non-bank deposit takers gear up for regulation Consumer confidence dims in February amid rising unemployment Govt unveils major work programme from Capital Markets Development Taskforce OceanaGold to raise about US$75 million from investors to close out hedge contracts MARKET CLOSE: NZ shares drift lower as Europe weighs; Mainfreight, Skellerup TeamTalk boosts profit 38%, outlook hinges on broadband decisions ASX CLOSE: Qantas falls short of expectations; ASX 200 dips Daily ShareChat: Steel & Tube Holdings While you were sleeping: Stocks extend gains NZ dollar: all eyes on RBA Governor’s testimony to Parliament Stocks to watch: Skellerup, TeamTalk and Sky TV profit surges Sky Network 1H profit climbs 19% as MYSKY start-up costs abate, sales grow Pike River makes first export shipment as investors await capital raising plans Monday 22nd February 2010 Weekly Diary for Monday 22nd February 2010 NZ govt urged to sack Environment Canterbury, appoint commissioners Kiwi dollar falls below 70 US cents as Fed signals early exit Late resource consent decisions to trigger penalties on NZ local bodies Contact lodges geothermal consent application under new fast-track rules Treasury less downbeat over finance companies, cuts provisions by $100 million UPDATED: Turners Auction FY profit triples as fewer Japanese imports slash costs Charlie’s abandons plans to raise equity as trading picks up: National Australia Bank 1Q earnings growth stalls; bad debt charges abate South Island ports say merger in the hands of the regulator, shareholders Huljich KiwiSaver Fund withdraws statement Will the New Zealand wine industry face oversupply? Allied Farmers contemplates legal action over NZX 50 Index exclusion NZX CLOSE: Shares edge higher; Sky TV gains with earnings, TUA jumps NZX confirms Allied Farmers is out of the NZX 50; stock tumbles Daily ShareChat: Freightways World Week Ahead: Equity rally expected to renew NZ dollar pushes back above 70 US cents as Fed talks down early exit strategy Stocks to watch: Turners, Allied Farmers, Cavalier, SKT, TEL, CEN "Big four" power companies to report this week: Cavalier sees gradual pickup in carpet sales, lifts full-year guidance Property for Industry earnings up 1.4%, portfolio value shrinks for second year Telecom, Vodafone win over regulator on mobile rates Allied Farmers not happy with NZX50 explanation NZ Dollar Outlook: Kiwi likely to stay below 71 US cents this week MightyRiverPower first-half earnings flat against historical trends Fairfax returns to profit as newspaper earnings weaken, online growth continues XT network out again ASX CLOSE: Market closes 1.8% firmer NZX CLOSE: NZ shares rise; Cavalier up on guidance, ALF extends slide Daily ShareChat: Kathmandu While you were sleeping: Stocks slip, directions awaited Stocks to watch: Contact Energy, Auckland Int'l Airport, Cynotech, KMD, SKT Contact posts flat underlying earnings; tariffs Charlie's squeezes more profit, Australian sales drive uplift NZ dollar holds above 70 US cents as Yellen reiterates low American rates Telecom network executive resigns amid ongoing XT outages NZ housing confidence still upbeat, if somewhat tarnished: ASB NZ Refining sees tough times enduring through 2010, with slim margins APN News returns to profit, sees better 2010 trading, earnings NZ Super Fund loses money in January, but up for the financial year PGC makes its divisions transparent for eventual banking licence bid Enough is enough - Alcatel-Lucent on notice over XT outages: Reynolds: NZX CLOSE: NZ shares mixed; Telecom drops on compo, guidance, ALF gains NZX to review index-setting processes after criticism of Allied case Morningstar questions Huljich in KiwiSaver survey, poor performers bounce back in 2009 ASX CLOSE: Bulls and bears engage in an arm wrestle Blue Chip founder Bryers pleads guilty, faces fines Daily ShareChat: Sky City Entertainment Group While you were sleeping: US consumer confidence drops, stocks follow Dollar tumbles amid disappointing US, German data Pike to meet cash shortage with $50m fund-raising Stocks to watch: Charlie's, Contact, Pike Tourism Holdings turns to 1H profit Rubicon in trading halt pending capital-raising announcement NZOG reports first-half loss Oyster Bay first-half loss shrinks on cost control Comvita completes global licensing deal with Derma Sciences Com Com expects pick-up in merger activity Tidy first-half from Genesis Energy Meridian cashes in on high rainfall in first half TVNZ interim profits take 51% hit Big private companies can keep their secrets, says Power NZX CLOSE: NZ shares mixed; Pike falls on capital raising, Contact gains ASX CLOSE: Kneejerk reaction to US confidence figures pulls market down Daily ShareChat: ING Medical Properties Trust While you were sleeping: Bernanke confidence boost ACIL, preparing to list on the NZX, may move quickly to raise funds NZ dollar edges up as Bernanke says US rates will stay low Wrightson names John Anderson as chairman, returns to profit on weaker sales Fonterra lifts forecast for distributable profit but keeps milk payment unchanged Stocks to watch: Comvita, NZOG, PGW, Pike Coal River Metlifecare returns to profit after recognising gain in property values Port of Tauranga first-half profit rises 2% on cost control as sales fall AMENDED: A2 reduces first half loss despite revenue slump Heatley resigns from housing, fisheries portfolios over credit card spending Australian Consolidated Insurance to tap investors for $10 million after completing Lombard takeover Goodman Fielder fattens margins in first half, lifting profit by 25% Nuplex posts record jump in profit as China buys high-margin chemicals Downer EDI ekes out 1.9% gain in first-half profit as sales growth stalls Hellaby first-half profit soars as it recoups provision on BBQ Factory sale NZ business confidence jumps to 10-year high, pointing to economic recovery NZX CLOSE: NZ shares rise; Wrightson, HBY gain on earnings Powerco, showing resilience in face of recession, posts first-half profit ASX CLOSE: Investors offload stock into strength; ASX200 falls Daily ShareChat: Opus International Consultants While you were sleeping: Warnings and warning signs Ebos, heading for record FY profit, has $100 million to spend on acquisitions Widespread wins Chatham Rise permit Lyttelton Port profit drops 35%, full year result to be at low end of forecast range Stocks to watch: AIA, Air NZ, Nuplex, Hellaby, Ebos Air NZ profit doubles on lower fuel costs, sees weaker second half NZ dollar weakens as weak US data undermines risk appetite Auckland Airport holds its own in first-half, new hotel for RWC Pyne Gould posts profit of $10.1 million as impairments fall, reiterates FY target Sweeping changes to governance and management fees at AMP NZ Office Trust Monday 1st March 2010 NZ building consents fall for a second month as economic recovery drags Weekly Diary for Monday 1st March 2010 Sir John Anderson to become chairman of PGG Wrightson South Canterbury makes early exit from noteholders Wine lake sinks Delegat's share price as major write-downs loom Vector's first-half earnings rise 11.6% on lower debt costs NZ records smallest annual trade gap in more than 7 years on weak imports Slumping prices and strike action pole-axe Solid Energy's first half ANZ Bank's NZ underlying earnings fall 19% South Canterbury Finance makes early repayment of US facility Kiwi Income snares 90-year lease for $16.5 million in Auckland's showcase Wynyard Quarter NZX CLOSE: NZ shares edge higher; Ebos, AMP Office, ANZ Bank rise ASX CLOSE: Erratic behaviour returns to markets March 2010 1st - Daily ShareChat: Fletcher Building World Week Ahead: Economy, jobs back in focus NZ dollar in 'holding pen' ahead of tomorrow's RBA announcement Stocks to watch: Guinness Peat, Ebos, APT, AIA, DGL, TEL Guinness Peat puts value return back on priority list as losses continue NZX full-year profit reflects hit on TZ1 writedown, first-half gains NZ annual migration climbs, adding to demand for housing, consumer goods Securities Commission director resigns NZ Dollar Outlook: Kiwi to remain range-bound while EU mulls Greece rescue Strategic Finance first-half loss worse than expected NZ commodity prices post 12th straight gain to highest in 18 months: ANZ NZX CLOSE: NZ shares rise; GPG gains on Coats, PPL up before earnings ASX CLOSE: Markets firmer; consumer staples sector standout performer Hubbard tips Helicopters, Scales into South Canterbury for $162.5 million equity, cash Diligent gets new chairman Morgan and two others join Fairfax board TV3 pinches key TVNZ exec Daily ShareChat: NZ Refining Value of Hanover, United assets more than halves for Allied under IFRS spotlight While you were sleeping: Stocks rise on recovery bets NZ dollar poised to rise above 70 US cents if RBA Governor hikes interest rates Stocks to watch: GPG, Pumpkin Patch, Delegat's, WDT, NZR, ALF Windfarms posts first-half loss Pumpkin Patch first-half profit jumps 50% NZX trading volume, value continues to pick up in February KiwiRail first-half profit two-thirds below target amid tussle over capex NZX CLOSE: Shares gain; Pumpkin Patch lifts on profit, GPG up Australia raises key interest rate to 4% New senior associate for Simpson Grierson Flying changes at airlines ASX CLOSE: Market gives muted reaction to rate rise Bayleys makes appointments for new business strategy Daily ShareChat: New Zealand Oil & Gas While you were sleeping: Greek budget cuts ahead Hubbard's aid to South Canterbury fails to prevent credit rating cut to BB Stocks to watch: Allied, AIA, GPG, NZO, PPL Fonterra milk powder prices unexpectedly rise Dollar sinks vs Ausi dollar after RBA hikes rates Call for businesses to renegotiate funding earlier Listings hit 11-month high in Auckland Meridian to shed southern customers NZX CLOSE: NZX 50 climbs to 6-week high; Westpac, PPL, GPG gain ASX CLOSE: Market finds strength from materials and industrial sectors While you were sleeping: Greece bites the bullet Daily ShareChat: Ebos Group NZ dollar lags behind risk currencies' gains as Greece starts sorting out its debt: Stocks to watch: Guinness Peat, Pumpkin Patch, Telecom, Tourism Holdings, Ebos Huljich falls on his sword and resigns Australia not going to 'slow down' to let New Zealand catch up Restaurant Brands full-year profit jumps 67% Taskforce report says CRIs need shelter from bureaucrats New manager appointed for SBS Bank Blenheim SmartPay expects underlying profit this year, examining debt facilities More of Fisher’s companies being taken over NZX CLOSE: 7th day of gains; RBD jumps, SPY, TEL rise Daily ShareChat: Hellaby Holdings While you were sleeping: Stocks flat, euro slips Moody's cranks down ratings on Australasian banks' hybrid securities NZ dollar falls amid growing speculation for US rate hike Stocks to watch: Telecom's former CEO speaks out, RBD boosts guidance, PGC UPDATED: TVNZ launches pay TV channel, via Sky NZ govt accounts swelled by bank tax settlement; English warns of lean budget Restaurant Brands sales rise 5.3%, led by KFC turnover Weekly Diary for Monday 8th March 2010 Monday 8th March 2010 Te Rapa Expressway goes to Opus/Fulton Hogan consortium Hoki-1 well ready for drilling Accounting and tax news round up Solid Energy opens southern hemisphere's largest wood pellet plant MARKET CLOSE: NZX 50 lifts to 6-week high; PPP swings back to gain; ALF falls NZX moves to clean up Index memos Allied Farmers puts Hendo's Five Mile development in receivership Fyfe joins up with 42 Below founders Daily ShareChat: APN News & Media NZ property values grow at a slower pace in February: QV World Week Ahead: Recovery shifts into a new gear Stocks to watch: Allied Farmers, NZOG, PGW, TEL, APN NZ dollar holds gains as risk appetite grows, RBNZ statement awaited MPS Preview: NZ central bank unlikely to rush rate increases NZ manufacturing, construction show pick-up as economy gradually revives NZ Dollar Outlook: Investors wait for Reserve Bank's Thursday pronouncement Auckland retail and commercial property market holds steady as economic growth awaited Changing of the guard at OMFinancial Provinces' retail spending outpaces New Zealand's major centres MARKET CLOSE: NZX 50 edged up to 7-week high; Pike, Air NZ advance ASX CLOSE: Market surges through 4800 Sky City loses a director Daily ShareChat: Diligent Board Member Services While you were sleeping: Stocks in a holding pattern Stocks to watch: Fletcher Building, Contact Energy, Freightways, Cue, Diligent, THL NZ dollar little changed ahead of MPS, signs of stability in Europe Briscoe's Duke 'cautiously optimistic' for 2010 after surge in annual profit Curtin faces more legal action over Vestar dealings Plus SMS slapped with fine, threatened with de-listing for improper reporting NZ consumer spending on debit, credit cards falls 0.4% PostiePlus expects 'tidy profit' by year end, Boskell says: Commerce Commission's restricts Curtin's role after private legal proceedings filed NZX unveils 'fundamental change' strategy, based on derivatives and clearing facilities: Allied's $220 million write-down may understate recoverable loans New twist in Horizon takeover saga as panel investigates directors MARKET CLOSE: NZX 50 snaps 9-day rally; PFI, PPP fall, Pike gains Mid-sized New Zealand businesses move on from survival mode; road ahead may still be bumpy Daily ShareChat: Nuplex Industries While you were sleeping: Investors in holding pattern Stocks to watch: Allied, Fletcher, HED Wholesale funding guarantee no longer needed: English Dollar edges up before trade data and MPS Satara earnings drop 24% Wakefield Health in trading halt Terms of trade rises more than expected on weak imports Australian consumer sentiment keeps edging up Kiwibank to offer tradeable preference shares to raise $100m NZX CLOSE: Shares rise; Pumpkin Patch, MHI lead gains ASX CLOSE: Market closes session flat New MD at Milford Asset Management Founder resigns from smart metering company Daily ShareChat: Pumpkin Patch While you were sleeping: Stocks steady, yen drops OCR unchanged, mid-year hike reiterated AMENDED: Wakefield Health seeks control of fourth hospital with $22.6 million offer Stocks to watch: Pumpkin Patch, Freightways, FPH, Briscoes, Wakefield Health NZX to consider Allied Farmers for NZX 50 at June review FULL REPORT: Bollard keeps OCR at 2.5%, reiterates mid-year timing for rate hike Emissions Trading Scheme set to stoke inflation, Bollard says NZ dollar slips after MPS keeps timing of rate hikes intact Lombard shareholders approve plan for reverse takeover of Australian Consolidated New Zealand food prices fall in February Shell name to stay as Infratil focuses on Australasian energy assets TrustPower sees one more year of intense retail electricity competition Hoki-1 nears half-way mark at 1505 metres New Zealand manufacturing warms up as recession-effects ease Business A-listers test waters for super-fast Pacific cable venture NZX CLOSE: Shares mixed after MPS, kiwi falls; RBD up, GFF down Two new board members for Meat and Wool NZ Daily ShareChat: Contact Energy Monday 15th March 2010 While you were sleeping: Inflation fears take toll Stocks to watch: Contact, TrustPower, Infratil, PGC, IMP, TLS Two new board members for Meat and Wool NZ Warehouse seeks $100 million in tradeable bond offer NZ dollar, little changed, could push higher on strong retail sales figures Warehouse first half profit gains on year-earlier costs Perpetual Portfolio Management adds to its team Steam still coming out of house sales: REINZ Pyne Gould's MARAC gains admission to government's extended Retail Deposit Guarantee Scheme: NZ retail sales rose in January, led by vehicles; core sales weaker than forecast Accommodation providers experience best month ever in January Weekly Diary for Monday 15th March 2010 NZ food innovation initiative aims to fast-track new product commercialisation Sumitomo moves to take 20% of Nufarm, gaining Australasian farm chemicals Strategic Finance in receivership MARKET CLOSE: NZ shares slip; Warehouse down after result, PGC gains World Week Ahead: Fed back in focus, BOJ too Daily ShareChat: Pumpkin Patch Stocks to watch: PGC, NZO, Telstra, Warehouse Dollar strengthens as global backdrop improves Dollar outlook: Global good news to put upward pressure on kiwi Service sector activity up, may indicate increased savings GPG's Coats unit over worst of slump Murray Horn tapped to steer wool sector toward new industry body Hubbard vehicle sells 17% stake in Salvus to Milford MARKET CLOSE: NZ shares mixed; Sky City, Kathmandu gain, GPG falls F&P Appliances to take over Australian distribution of Haier products While you were sleeping: Cool breeze chills investors Daily ShareChat: Auckland International Airport Stocks to watch: Fisher and Paykel, GPG, Sky City, Salvus Strategic NZ dollar drifts lower as Europeans ponder Greek bailout NZ Cabinet approves $300 million rural broadband plan, TSO overhaul Huljich makes changes to investment committee Telecom shares slide as rural broadband plan will slash profit Fidelity Life appoints investment operations manager Southern Travel posts first-half loss as swine flu, downturn hurt sales McDouall Stuart baulks at cost of new NZX clearing system Craigs seeks to tap $125 million of private funds for Public Infrastructure Partners Refinery shares jump 10% on margin recovery Fonterra throws a lifeline to organic milk suppliers caught in receivership Air New Zealand extends capacity for Rugby World Cup Telstra returns to debt market with 1 billion euro sale of 10-year bonds Deane confirms departure from Fletcher Building, with Waters set to ascend NZX CLOSE: Shares fall; Telecom sinks to record, NZR advances Windflow Technologies facing cash-flow crunch ASX CLOSE: Market closes marginally higher Daily ShareChat: NZF Group While you were sleeping: Fed keeps to the script NZX settlement system costs believed to be cost neutral Stocks to watch: Air NZ, Contact, NZR Dollar reaches six-week high Diligent finalises line of credit to back possible sales push Sluggish economy reflected in easing consumer confidence Super Fund grows in February Government not anti-Telecom Fresh produce exporters getting the pip with shippers NZX edges closer to EnergyHedge deal Print advertising slumps but online excels; all is not lost for print NZX CLOSE: Shares fall for second day; Telecom sinks further, FPA drops ASX CLOSE: Market closes convincingly higher Daily ShareChat: Delegat's Group While you were sleeping: Equities rally on low rates Stocks to watch: NZ Refining, Steel & Tube, Auckland Airport, TEL, DGL, POT Port of Tauranga agrees to buy MetroPort neighbour Tapper Transport for $15M NZ dollar climbs to highest in almost eight weeks Happy campers help Kathmandu beat prospectus forecast for first-half profit Tax package shrinking, rental property sector smaller than first thought: English Big is Good: Mitre 10 signs for Smart Pay system Dairying gets dirtier: situation Government raids departments to fund new Productivity Commission Roy Morgan confidence poll confirms consumer sentiment stalling NZX CLOSE: Shares rise; Kathmandu gains on earnings, Telecom lifts from low SFO probes possible related-party breaches at Capital + Merchant ASX CLOSE: Market pushes higher at day end Daily ShareChat: The Warehouse Group While you were sleeping: Equities hesitate on outlook Stocks to watch: Kathmandu, SmartPay, Telecom, POT, AIR, WHS NZ dollar rises as muted US inflation keep rate hike chances low; Greek aid talks drag Mackenzie Basin dairy developers Reserve Bank may hold off on raising OCR beyond mid-year in face of sluggish economy, Borkin says No losers from tax cuts package, NZIER suggests Monday 22nd March 2010 Weekly Diary for Monday 22nd March 2010 Regulator files criminal charges against director of Capital + Merchant Finance Large southern North Island farming enterprises placed in receivership Trans-Tasman tourist numbers boosted by weak NZ dollar NZ Windfarms outlines $34m rescue rights issue South Canterbury bonds trade up to 40% yields ahead of extended guarantee NZX CLOSE: Shares rise; Kathmandu extends gain, Telecom drifts lower ASX CLOSE: Market holds its ground World Week Ahead: Catching one's breath NZ economy probably accelerated in 4Q on inventory rebuild, manufacturing Daily ShareChat: Ebos Group NZ dollar slips below 71 US cents as Indian central bank hikes rates Stocks to watch: Kathmandu, Windfarms, PGW, AIA, CAV, TEL Bolger's KiwiRail chairmanship up in the air Auckland City's new 5-year bonds to pay 6.28% annual interest: NZ Dollar Outlook: Accelerating economy may limit dips in kiwi NZ Windfarms, seeking financial lifeline, says CEO Cross won't renew contract Government proposes targeting Coromandel, West Coast in minerals dilemma UPDATE:Auckland Airport welcomes more international passengers as visitors from China surge NZX CLOSE: Shares mixed; NZO, miners fall, Telecom lifts Power speeds up accounting, auditing standards legislation for new monitor ASX CLOSE: Market follows Friday's US lead south Daily ShareChat: The Warehouse Group While you were sleeping: Stocks in US lead recovery Stocks to watch: Air NZ, Auckland Airport, NZO, NWF, WHS NZ dollar pares losses as Obama's healthcare plan stokes risk appetite Hubbard says South Canterbury may have to raise more capital, sell assets Bollard has to manage expectations on extent rather than timing of rate hikes, says AXA Real wages set to fall amid rising prices, extended unemployment: economists Warehouse lures investors with 5-year bonds paying at least 7.3%, squeezing out public pool Gaynor appointed to Salvus board Global government's fiscal 'great unwinding' is next key to economic recovery Contact's Tauhara II geothermal station is first to be fast-tracked under EPA: NZX CLOSE: Shares mixed; NZ Refining, WHS rise, Telecom gives up gains ASX CLOSE: Financial sector gains following a strong US banking lead Daily ShareChat: Port of Tauranga While you were sleeping: A round of 18-month highs Dollar little changed ahead of current account data, GDP Stocks to watch: Contact, Nuplex, Port of Tauranga Nuplex agrees to buy Med-Chem ingredient business Chris Moller named NZ Transport Agency chair Marac sells half its insurance business to AA Fonterra reiterates milk payment forecast Current account deficit stays low Employee confidence suffers minor snag Nuplex boosts FY guidance for fourth time Natural Dairy NZ Holdings lodges application to buy Crafar farms NZX CLOSE: Shares rise; Pyne Gould leads gains after insurance sale ASX CLOSE: Shares rise, healthcare sector best gainer today Daily ShareChat: Fisher & Paykel Appliances Hong Kong, NZ Chinese group chase Crafar's farms, other assets, for $1.5 billion While you were sleeping: Risks rise for equities NZ dollar edges lower on Portugal downgrade, ahead of GDP data Stocks to watch: FPA, FPH, Hallenstein, PGC, SPY Hallenstein first-half profit beats guidance, 'cautiously optimistic' on outlook NZ economy expands at fastest pace in two years as manufacturing revives Commerce Commission decision on frozen ING funds delayed a fortnight Dairy Equities takes another step towards wind-up Hamburger to go, says Telecom of latest XT departure NZX CLOSE: Shares mixed after GDP; HLG, WHS fall, Windfarms gains ASX CLOSE: Market finishes lower, trades in tight range Daily ShareChat: Kathmandu While you were sleeping: Stocks resume advance Arlene Tansey appointed to the board of Pacific Brands NZ dollar hits 53 euro cents for first time since 2008 as EU mulls Greece bailout Stocks to watch: Guinness Peat, Delegat's, HLG, TEL, DEL, NWF Strategic receivers say no money available for pref shareholders, plans to delist GPG announces scrip alternative for dividend, still no word on returning value Xero teams with Schola Technologies to make financials easier for schools Crafar farm sales months away Monday 29th March 2010 Weekly Diary for Monday 29th March 2010 RBNZ expects to catch more borrowers when it hikes OCR: Spencer NZ posts smaller-than-expected trade surplus on weaker exports, oil imports Carter Holt sought cash up-front before dealing with Crafar farm buyers Windfarms gets resource consent breakthrough as Suncorp-related funds build stake CME, world's largest futures exchange, to launch milk powder contract ahead of NZX start date: NZX CLOSE: Shares rise; Windfarms gets good news, Contact gains, Wrightson sinks Hawkins seals takeover deal with 78% support from Cynotech shareholders NZ Treasury pours cold water on leaky home GST relief World Week Ahead: World's biggest job market Daily ShareChat: Telecom Stocks to watch: Contact, NZ Windfarms, NZX, Allied Farmers, IFT, NZR, SFF NZ dollar slips from two-year high vs. euro after bail-out package for Greece Infratil/NZ Super consortium pays $696.5m for Shell's downstream assets Rubicon completes $21 million capital raising, supported by 80% of shareholders Renaissance's top executives in line for big bonus in 3 years - if shares soar NZ Dollar Outlook: Kiwi well-supported ahead of US employment data Fisher & Paykel bank covenants ease as debt falls NZ Farming Systems Uruguay sells dry stock pasture land for US$8.5 million NZX CLOSE: Shares gain; Infratil, F&P Appliances, NZS advance Govt clears decks pre-Easter on foreshore and seabed, ECan, and CRIs ASX CLOSE: Market closes flat Sharebroker sells 49.9% stake to German bank Daily ShareChat: New Zealand Windfarms While you were sleeping: US consumers bolster stocks Stocks to watch: Fisher & Paykel, NZS, Infratil, BLIS, NZS, NWF, VCT NZ dollar falls vs. Australian dollar as RBA's Stevens hints at April rate hike Glyphosate price collapse hits Nufarm earnings KPMG called in to improve public spending on admin, support Environment Canterbury elections cancelled as commissioners appointed NZ building consents rose last month, while apartment approvals sank to lowest since 1995 Spencer takes over KiwiRail chairman role from Bolger as government digests strategic plan Fisher & Paykel Appliances kicks 50-year-old New Zealand distribution regime to touch NZX Close: Shares fall; Farming Systems drops, Infratil gains a second day ASX CLOSE: Market closes up, following positive lead from Wall St Daily ShareChat: Hellaby Holdings While you were sleeping: Iceland's cool breeze NZ dollar pares gains as Europe fears linger, Iceland downgraded Stocks to watch: Abano, FPA, HBY, IFT, TWR Abano trims full-year profit guidance as ACC referrals drop; dividend maintained NAB negotiates 'binding terms' with AXA SA for AXA Asia Pacific purchase Scott Technologies says growing customer demand helped push first half into profit Ecoya bets it can grow a fragrant global brand after directors' success with vodka NZ businesses still optimistic, though investment intentions lag Sky City Entertainment's credit rating outlook raised to positive by S&P MARKET CLOSE: NZX 50 rises, rounding out flat quarter; NZX, CEN gain April 2010 1st - Daily ShareChat: Hallenstein Glasson Holdings While you were sleeping: Quarter end pause CityLink CEO Departs Kerr boosts support for ailing South Canterbury Finance New Zealand dollar little changed ahead of US employment data Stocks to watch: Abano, Delegat's, PRC, SKC, XRO, GFF, KIP OIO sends back Natural Dairy Holdings initial application to buy land Environment Ministry gives ECan commissioner 'reluctant' approval Monday 5th April 2010 Accounting and tax news round up: PIEs legislation to be introduced Vision Securities, sunk by failed loan settlement, covered by govt guarantee South Canterbury is admitted to extended guarantee, helped by loyal investors MARKET CLOSE: NZ shares rise; Air NZ leads gains, Contact up While you were sleeping: Manufacturing advances While you were sleeping: US labour market's slow heal Daily ShareChat: NZ Refining While you were sleeping: US shifts gears NZ dollar sinks as data boosts outlook for US, ahead of QSBO Stocks to watch: Air NZ, Pike River, Contact Energy, HLG, NZR, Tough times persist for SMEs, while large firms recover: QSBO Guardian Trust appoints new Head of Distribution Greymouth makes "very significant" gas find in Chile NZX trading volume up, values ease back slightly NZ Dollar Outlook: Kiwi subdued ahead of RBA meeting Treasury sees mixed messages in economic recovery data Australian interest rates rise to their widest gap ever with NZ Working group to explore NZ as funds management New Zealand dollar offsets commodities' price increase Meridian wins West Coast hydro resource consent NZX CLOSE: Shares rise; Telecom gains, firms more confident Daily ShareChat: Infratil While you were sleeping: Fed's ultra pledge Fonterra milk powder prices surge to 21-month high Stocks to Watch: Air NZ, Fletcher Building, Infratil Dollar pares loss on Fonterra auction price rise Finger-lickin' good result for Restaurant Brands UPDATE: Buyers securing milk powder supply as production dries up Windfarms shareholders give go-ahead to Vector raising stake Italian kiwifruit orchard write-off won't impact Seeka earnings Woosh on a star as network takes hit Auckland house sales pick up in March: Barfoot & Thompson Fonterra proposes share trading only among farmers Public investment in Fonterra possible Windfarms moves into 'clean-up' mode Natural Dairy launches broadside at Fonterra ASX CLOSE: Defensive sectors lead market higher NZX CLOSE: Shares rise for fourth day; offshore fund flows return Daily ShareChat: Air New Zealand While you were sleeping: Greece rattles the cage Director resigns from Smartshares NZ dollar 'outperforms' as resurgent fears about Greece sap risk appetite Stocks to watch: Air NZ, Restaurant Brands, Allied Farmers, NWF, Sky TV, SEK TV3 cans breakfast business programming Changes to the Board of Kiwi Income Properties Emissions trading scheme follow-through in doubt if competitors don't progress Non-bank lenders still vulnerable: S&P Vodafone wins TSO appeals - Telecom mulls Supreme Court options Fonterra Shareholders Council seeks to calm farmers over NZX CLOSE: Shares fall, following downbeat sentiment in Asia ASX CLOSE: Equity markets head lower Daily ShareChat: Abano Healthcare While you were sleeping: Mixed markets Keith Smith appointed Chairman Stocks to watch: Pike River, Allied Farmers, Telecom, Abano, Contact NZ dollar holds above 70.50 US cents as Greek outlook deteriorates Still gold in Michael Hill's Australasian sales performance Treasury gets gloomier on finance companies in February Monday 12th April 2010 Dairy Equities de-lists just as new Fonterra fund arrives MARKET CLOSE: NZ shares edge higher in mixed day, Pike River keeps climbing World Week Ahead: Earnings expectations high Stocks to watch: Pike River Coal, A2 Corp, Air NZ, ABA, Briscoe, GFF, MHI NZ property value rebound slows down in March: QV Daily ShareChat: Restaurant Brands A2 Corp. in talks for 'merger of equals' with Australia's Freedom Nutritional NZ dollar nears three-month high as Europe firms up Greece package South Canterbury's fluid statements show greater impairments, breaches OceanaGold outlines Reefton expansion plans NZ Dollar Outlook: Kiwi to gain as Greek bail-out underpins risk appetite Matt Crockett to leave Telecom NZ retail spending rose 4.8% in March, based on Paymark figures NZX CLOSE: Shares rise amid global optimism; PPP, OGC gain SCF problems loans to shift into 'bad' bank in restructure; asset sales flagged 'Rogue' executive sells chunk of Millennium's Chinese JV assets Daily ShareChat: National Australia Bank / AXA While you were sleeping: Dow rises on profit bets Stocks to watch: OceanaGold, A2 Corp, APT, MHI, MCK, RBD NZ dollar follows Australian dollar lower on weaker home loans, RBA speech New additions to the Macquarie Private Wealth team North Shore suburbs booming Lombard reverse takeover of ACIL goes unconditional Diligent, online board papers provider, moves closer to positive cash flow NZ spending on credit, debit cards jumps most in 28 months Infratil, Super Fund get bargain with Shell purchase at bottom of economic cycle Doug Graham, former Lombard directors, to face civil proceedings in High Court MARKET CLOSE: NZ shares mixed; Diligent jumps, Air NZ, Pike fall Daily ShareChat: NZX While you were sleeping: Equities lose momentum Stocks to watch: Nuplex, Diligent, Infratil Dollar may gain with retail data Nuplex disappointed at landmark prosecution Transpower to get individualised price control regime Retail sales unexpectedly drop Nuplex director resigns as Securities Commissioner Pace of labour market recovery slows Govt seeks private builder and operator for new 1,000 bed prison MARKET CLOSE: NZX 50 reaches 19-month high; WBC, Telstra, FBU rise Daily ShareChat: Sky Network Television While you were sleeping: Fuelled by earnings Stocks to watch: NZX, F&P Appliances, Sky TV, APT, NPX, TLS NZ dollar held back by 'dire' retail sales; Singapore growth underpins Asia Oyster Bay, heading for loss, seeks waiver for bank covenants Telecom stock halted pending announcement amid reports of AAPT interest Telecom assets overvalued in first regulatory report, regulator says Telecom flags 'financial forecasts' as reason for halt in ASX statement: New Zealand manufacturing picking itself off the canvas Telecom guidance downgrade: copper's a problem Airports ratings safe if financial risk addressed: S&P Agresearch gets GM cattle trials approved on second attempt MARKET CLOSE: NZ shares fall from 19-month high on Telecom downgrade Reynolds confirms 200 jobs to go at Telecom, says XT numbers still rising Daily ShareChat: Nuplex Industries Nightmare deepens for Millennium & Copthorne Chinese JV While you were sleeping: Equities rise on optimism Rural Portfolio Capital breaches deed as dividend escrow account empties NZ dollar under pressure ahead of housing data despite upbeat global outlook Stocks to watch: Delegat's, Fletcher, MCK, NPX, TEL Skellerup, with shares at 14-month high, is halted pending announcement Regulator gives Telecom reason to smile on VDSL after horror day Millennium & Copthorne executives head to China to sort out JV mess Bayleys claims Bay of Plenty record with $5.5 million sale of Mt Maunganui apartment Home sales creep up in March, though still subdued: REINZ Skellerup's Stewart quits after 18 years as managing director Monday 19th April 2010 Telecom NZ credit rating cut to A- by Fitch after revised earnings guidance Supreme Court ruling may limit regulator's ability to chase offenders overseas Accounting and tax news round up NZOG sinks amid early signs that Hoki-1 looks dry MARKET CLOSE: NZ shares retreat from 18-month high; NZO, PPP weaken Daily ShareChat: South Canterbury Finance World Week Ahead: Volatility makes a return NZ inflation probably accelerated in first quarter on fuel, food New Zealand has 5-year window before 3rd-world farmers undercut prices: KPMG Our Man in Bangkok: Of Watermelon Soldiers and Tomato Police Stocks to watch: Restaurant Brands, Telecom, NZO, MCK, CCC, PFI NZ dollar sinks as stocks decline amid Goldman Sachs charges Property for Industry posts steady first-quarter earnings, rentals rise NZ services sector on a tear as sales, new orders climb; inventories shrink NZ Dollar Outlook: Goldman Sachs charges hang over kiwi ahead of CPI data NZ government actuary imposes new conditions on Huljich KiwiSaver MARKET CLOSE: NZ shares drop as Goldman spurs global selloff; NPX falls Harcourts CEO appointed to Australasian operation TVNZ announces head of sales and marketing Daily ShareChat: Auckland International Airport While you were sleeping: Down and then up No binding spending caps in Budget, says Key NZ dollar edges up ahead of CPI data as fears ease over Goldman charges Stocks to watch: AMP, Fisher & Paykel, Air NZ, ALF, AIA, CCC, KPF ACCC shoots down NAB bid for AXA, gives AMP the thumbs up Joyce to consider Vodafone offer for MTR regulation: Commerce Commission Rising international equity markets boosts super fund's performance NZ 1st-qtr inflation accelerates at slower-than-expected pace; kiwi dips Pike River Coal to mine investors for more equity AMP Capital in profit-taking mode on NZ equities Nufarm announces terms of A$250 million equity raising to repay debt Fonterra exposure appeals to AMP Capital Investors MARKET CLOSE: NZ shares gain; Nuplex, NZO, Pike advance Daily ShareChat: Tenon While you were sleeping: Up and away on earnings Stocks to watch: Telecom, Air NZ, Allied Farmers, Pike River Dollar holds above 71 US cents Hart bundles packaging assets, loads debt into Reynolds group NAB to challenge ACCC knockback on AXA bid Pike River gets first $10 million away no trouble Valuation assumptions vital to IFRS compliance Rural Portfolio sells half of Wrightson stake MARKET CLOSE: NZ shares gain; Wrightson, Pike, APN lead Daily ShareChat: Telecom New chief executive appointed by New Zealand Seafood Industry Council John Roberts appointed to Motu Foundation Board Three key appointments at Meat & Wool New Zealand While you were sleeping: Greek drama returns NZ dollar declines as Greece begins talks with IMF over funding crisis Stocks to watch: Pike River Coal, Air NZ, ANZ, PGW, Telecom Allied Farmers rises on $3.4m in property sale NZ electricity reforms pose 'major credit challenges' for SOEs, says S&P More spending cuts and 'across the board' personal tax cuts on the way English coy on Budget business tax cuts South Canterbury reaping '$1 million a week' from distressed assets Consumers banking on better times ahead Transpower outage takes out most of Wellington for 90 minutes Fletcher trims output of insulation as Australia quits scheme, hurting earnings MARKET CLOSE: NZ shares fall; Fletcher dips on forecast, Contact drops Daily ShareChat: Telecom Rising commodity futures hint at higher food costs this year, NZ Funds says While you were sleeping: Greece roils the markets Bollard to hold OCR unchanged as he weighs timing of hike in tepid economy Stocks to watch: Contact, Fletcher, KRK, NEW, NZO, PGW, TUA Seeka appoints new Director OceanaGold appoints Bill Myckatyn to the Board of Directors NZ dollar reaches 26-month high versus euro on Greek deficit North-West Shelf shapes Cue Energy's prospects Vodafone's NZ mobile market share fell below 50% last year, regulator says Monday 26th April 2010 If you can't beat 'em, join 'em - Kiwis heading for Aussie again MARKET CLOSE: NZ shares rise; Nuplex, Farming Systems gain, banks fall World Week Ahead: Equities shift into higher gear Daily ShareChat: Diligent Board Member Services Stocks to watch: NZ Oil & Gas, Nuplex, CBS, SKT, TEL, WSI NZ dollar climbs to new high vs euro as Greece asks for cash, US data improves Speirs Foods appoints new GM Auckland Airport's traffic stoked by Australian visitors, strength of domestic routes Wool Equities, surviving on interest income, expects deals in next few months NZ Dollar Outlook: Kiwi may gain as central bank policy review looms Pumpkin Patch plans to head down market with stand-alone everyday brand MARKET CLOSE: NZ shares rise in subdued trade; Rakon, AIA, NZO Gain While you were sleeping: Confusing signals Daily ShareChat: Contact Energy Transpower gets go-ahead for $170m lower South Island grid upgrade High-tech darling Next Window sold to Canadian rival Joyce tells regulator to reconsider voluntary mobile offers of Telecom, Vodafone NZ dollar rises to 3-month high amid talk Fonterra will lift payment forecast Lend Lease appoints regional Chief Executive Officers Stocks to watch: AIA, CEN, DIL, NZX, PPL, WEL Windfarms announces large output and revenue increase Kiwi firms taking longer to pay bills: D&B Fonterra raises milk price forecast to $6.10/kg, citing global demand, rising prices NZ dairy price windfall more likely to be reinvested than spent Bank profits slump 90% as impaired loans top $2.2 billion in 2009 Big increase in domestic bond programme MARKET CLOSE: NZ shares fall; Kathmandu drops, NZS, NWF gain Daily ShareChat: Restaurant Brands While you were sleeping: Contagion woes renew Dollar sinks on grim outlook for PIGS Stocks to watch: Delegat's, Farming Systems, NZO, RBD, TEL Warehouse get $100m bond offer away St Laurence to miss next repayment Rugby World Cup - the ultimate networking event? Batten down for winter, DB warns hoteliers MEUG weighs in on ETS timing NZ Windfarms secures $31.4M as major shareholders underwrite offer Businesses still bullish, more expect to start hiring, investing Air NZ confirms talks with Virgin Blue over alliance on Tasman routes MARKET CLOSE: NZ shares join global rout on Greece woes; KMD, ANZ, PPP fall Restructuring starts paying off for Whitcoulls owner REDgroup as profit climbs 15% Massive jump in tobacco excise: $17 for a packet of fags Yet another rewrite coming on Financial Advisers Act Comment: How Jane Diplock could survive all this Daily ShareChat: AMP Office Trust Govt moves to implement 'super-regulator' recommendations KiwiSaver fund managers to be directly responsible to investors Slap in the face for Institute of Chartered Accountants as auditors go to new 'super-regulator' ANZ in trading halt pending announcement Bollard holds OCR at 2.5%, flags rate hike 'over the coming months' Stocks to watch: AIR, ANZ, NWF, WHS, WEN UPDATED: Bollard holds OCR, flags rate hike 'over the coming months'; kiwi drops NZ dollar pares gain after RBNZ flags milder rate hikes in tightening cycle Elders' Australian parent props up unprofitable NZ unit with tagged accounts New Zealand Oil & Gas looks for partners on two farm-ins NZ posts trade surplus in March as exports top $4 billion for only the second time Third KiwiSaver provider shuts up shop ANZ Bank's New Zealand business posts drop in 1H profit; lending volumes subdued Silver Fern Farms loss grows as weak euro, pound sap revenue, cuts debt Perpetual sends St Laurence to the receivers, slaps down Podmore MARKET CLOSE: NZ shares rise after RBNZ; RAK up Daily ShareChat: Fletcher Building While you were sleeping: Earnings renew outlook Financial Advisers Act change 'huge news', says Bankers Association: NZ Post Group Finance director resigns Stocks to watch: Comvita, Fletcher, LPC, NZO, NZX, OGC NZ dollar holds above 72 US cents as Greek package timing brought forward Oceana Gold closes out loss-making hedges for weak first-quarter result NZ building consents fall 0.4% in March, apartment approvals lift from 15-year low Monday 3rd May 2010 Ecoya's $10.1 million IPO gets over the line with help from underwrite by the Bakery Rural Portfolio falls short of cash to top up escrow account, can't meet payments MARKET CLOSE: NZ shares rise, rounding out monthly gain; APT, ING, KMD advance Large-scale water users face compulsory water-metering: Nick Smith May 2010 2nd - Australia cut corporate tax rate slowly; imputation credits unchanged World Week Ahead: Greece, UK and jobs Daily ShareChat: Fisher & Paykel Appliances Westpac seeks to package foresters' carbon credits Rural Portfolio, facing cash shortfall, halts preference shares pending statement Rural Portfolio asks NZX to delist preference shares, can't top up escrow account Stocks to watch: Ecoya, Genesis Research, KMD, NZS, PGW NZ dollar falls as Goldman Sachs investigation weighs on risk sentiment NZ mortgagee sales hold near 2009 highs, may worsen as housing recession endures Genesis Research suspends NZ operations as funds dry up; stocks tumbles Air NZ, Virgin Blue agree to seek regulatory clearance for trans-Tasman accord NZ Dollar Outlook: Kiwi basking in strong commodity prices OceanaGold finds new gold deposits at Fraser mine New Image Group appoints new director Surging dairy prices underpin autumnal boom in NZ commodities: ANZ index MARKET CLOSE: NZ shares fall; Pike drops ex-rights, Genesis tumbles Kiwibank sets dividend rate for shares Power unwinds impact of Financial Advisers Act on the big end of town AMP tidies up AXA AP offer, seeking Commerce Commission approval to acquire assets Norgate's RPI placed in receivership after running out of cash Daily ShareChat: Telecom While you were sleeping: US economy roars Stocks to watch: Ecoya, Pike River Coal, FPA, GEN, NZS, TEL NZ dollar grinds above 73 US cents as commodities, strong US data stoke appetite A2 Corporation, Freedom Nutritional drop talks for full merger, consider partial tie-up April a cruel month for NZX trading as volumes, values decline Private investors commit $41 million to social infrastructure fund BusinessWire's Smellie wins journalism award for analysis of banking tax cases Full-time job numbers bottom out; wage growth at 10-year low ForBar buys yet another broker Tyndall and AMP Capital Investors build NZ Windfarms stakes further Australia's central bank raises key rate to 4.5%, widening gap with New Zealand MARKET CLOSE: NZ shares rise, helped by Wall St gains; PGW, FPA rise Daily ShareChat: Fletcher Building While you were sleeping: Heightened euro concerns Fonterra milk powder prices hold April gains amid short global supply Stocks to watch: ATM, ECO, GEN, KMD, NZX, PGW Fitch downgrades Uruguay farm trust bonds Dollar tumbles as resurgent EU sovereign risk fears sap risk appetite Auckland house sales dip Westpac profit drops Kathmandu reaffirms $30.9m profit forecast Alan McConnon steps down from Wrightson board MARKET CLOSE: NZ shares tumble, led by Westpac, banks; KMD, PGW fall Daily ShareChat: ANZ While you were sleeping: Portugal credit crunch NZ dollar extends decline amid fears of Greek contagion, holds up on crosses Stocks to watch: NZ Oil & Gas, Ecoya, PGW, ANZ, WBC IRD probes tobacco giant for tax avoidance NZ dollar gains after Bollard says he's in sync with markets over rate hike timing BNZ results on the turn as economy improves NZ jobless rate tumbles to 6% in biggest decline on record; kiwi jumps Securities Commission warning on St Laurence offer Latest Tui well at 1500 metres; Mangahewa flaring SmartPay to eliminate about 40 jobs, outsource assembly of terminals to cut costs EARNINGS PREVIEW: Telecom facing threat to network dominance, may post slump in 3Q profit Securities Commission issue another warning; 9999 Gold Mining Corporation SMELLIE SNIFFS THE BREEZE: Screw-ups past and present S&P keeps South Canterbury's BB rating and negative credit watch MARKET CLOSE: Westpac leads declines for second day on NZX 50; NZS, ANZ, GFF fall Daily ShareChat: Comvita While you were sleeping: Back to 1987 NZ dollar tumbles as threat of debt contagion sweeps globe Telecom 3Q profit falls 39% on drop in calling, FY guidance dims XT not yet reliable: independent report Stocks to watch: Telecom, Briscoes, SmartPay, Ecoya, WBC Briscoe first-quarter sales rise 7.4%, profit 'tracks above' last year Weak tax take in New Zealand contributes to fiscal deficit Monday 10th May 2010 Hong Kong group UBNZ's purchase of four Crafar farms to be probed by OIO Telecom shares touch new low; Reynolds seeks level playing field Receiver flags Strategic loan book sale by mid-June Allied Farmers remaining ex-Hanover properties drop in value by 17% MARKET CLOSE: NZ shares fall with global rout; Fletcher, Telecom fall World Week Ahead: Euro's plunge toward greenback Guinness Peat investors told to wait longer for 'value return' Daily ShareChat: Air New Zealand NZ property values in a lull as investors wait on Budget: QV Stocks to watch: GPG, NZO, RBD, TEL, CVT, SPY, ZIN NZ Mint appoints CEO to mine market opportunities NZ dollar edges up as European policymakers gather to stabilise the euro Guinness Peat shares tumble 4.6% as 'value return' fails to materialise at AGM NAB appoints head of Environmental Treasury Solutions New presence on Jasons board set to enhance digital offering F&P Appliances to take $26.5 million impairment charge in full-year results NZ Dollar Outlook: Europe clouds kiwi's fortunes Pyne Gould Corporation appoints new Chief Risk Officer Vodafone and Axia team up for broadband bid Rockforte Finance the latest guaranteed lender to fall over MARKET CLOSE: NZ shares snap 3-day slide; WBC, ANZ gain, GPG falls KiwiSaver returns plateau after four quarters of gains Bakery boys end up holding 65% of Ecoya stock, 29% of warrants after underwrite Daily ShareChat: National Property Trust While you were sleeping: Stocks shine on rescue plan Greenstone Energy confirms new executive team Fairfax makes appointment to help multi-media development Stocks to watch: Guinness Peat Group, F&P Appliances, Air NZ, TEL, HED, NAP Satara CEO Anderson-Smith resigns, leaves immediately Investment Research Group borrows money off CEO, talks to banks about trimming payments NZ dollar hits 22-month high vs euro as PIGS debt concerns ease Meridian buys Australian windfarm for A$191 million NZ spending on credit, debit cards shrinks in April South Canterbury Finance appointment Group Treasurer Wakefield makes full takeover of Grace Hospital owner Norfolk Technology grants to replace r&d tax credits: Key's science package Ecoya appoints new independent director Sealegs, amphibious boatmaker, sails on to first ever profit; shares soar Rural Portfolio Investments' receivers sell PGG Wrightson shares Bob Jones was 'insulted' by Chris Lee article, High Court defamation trial told: Steady earnings in hard times for Goodman Properties MARKET CLOSE: NZX 50 ends lower as China worries bubble; STU, AIR down Banking Ombudsman scheme gets new chairman Daily ShareChat: Westpac Bank While you were sleeping: Stocks lack lustre Stocks to watch: Goodman Property, Wrightson, SLG, TEL, WFD, WBC Merger creates NZ's largest independent publishing business Dollar slides vs pound as Britain prepares for Conservative-led government Windflow targeting $5-6 million loss NPT unit holder group pushes for removal of manager Vodafone pre-pay plan 'undermines' competition ASB margins squeezed by competition for deposits Commerce Commission chides Kiwibank, HSBC over mortgage break fees Bob Jones 'simply wasn't defamed', court told Unlisted platform changes hands and manager MARKET CLOSE: NZ shares fall as Euro debt fears linger While you were sleeping: Focus on fundamentals Daily ShareChat: Telecom Catching Australia just got easier, says Harbour Asset's Bascand Stocks to watch: Contact Energy,Guinness Peat Group, NAP, GMT, NWF, OGC, TEL NZ dollar holds near 3-year high versus euro on dim Europe outlook Cheaper meat and veggies push food prices down to late 2009 levels in April NZ manufacturing activity reaches highest level since 2004, led by production: PMI Contact's customer exodus resumes as electricity competition remains intense Irongate shares tumble on Unlisted amid National Property rumblings MARKET CLOSE: NZ shares rise amid global rebound; GPG, FBU gain Minister appoints Silver Fox to RNZ board Former researcher makes DNZ board Villa Maria founder steps up to help kids Daily ShareChat: Fisher & Paykel Healthcare While you were sleeping: Probes pressure stocks Stocks to watch: AMP, Xero, Contact Energy, FPH, GFF NZ dollar edges up to 34-month high vs euro as retail sales data awaited Just Water to write off $18m on Aussie assets Irongate sells down shares in National Property Trust, raising $7.4 million Xero posts wider loss, eats into cash buffer to ramp up global growth NZ home sales decline in April as Budget looms over market: REINZ NZ retail sales lag behind forecasts in first quarter, as supermarket sales dip Monday 17th May 2010 Viaduct Capital calls in the receivers, most investors will get their cash back Dorchester Pacific needs $8 million and investor approval for reconstruction bid ACC emerges as holder of National Property Trust as Irongate sells down stake Flat Earnings for TrustPower; Price Rises Moderating MARKET CLOSE: NZ shares fall with commodity prices; PPP, NZS, NZX drop Mercer halts principal repayments to non-banks, mulls refinancing options Changes at the top of real estate firms Bankers Association takes on a Pink tinge Financial advisers body gets new head World Week Ahead: Eurotrash piling up Wakefield full-year profit tumbles 39% as sales drop, costs remain Daily ShareChat: Pumpkin Patch NZ dollar nears four-week low amid ongoing European debt concerns Stocks to watch: NZX, Mercer, NZO, XRO, WFD, AMP NZX first-quarter profit falls 3% as costs growth outpaces revenue, sees pickup NZ services sector's pace of expansion slows on weak retail, accommodation Wellington Drive shares soar 24% on distribution deal with America's AO Smith NZ Dollar Outlook: Euro fears loom large for kiwi ahead of this week's Budget NZ Farming Systems reiterates guidance; higher prices make up for drop in output Top tax rate cut essential to halting brain drain: Key New Zealand to spend $1B over five years to meet 25% of leaky home repair bill MARKET CLOSE: NZ shares fall, led by Westpac, banks amid Greece rescue doubts DNZ Property elects to buy out management contract Olam buys 10 mln Farming Systems shares from RPI receivers, lifting stake to 18.4% Daily ShareChat: Auckland International Airport While you were sleeping: Shares slip on oil Warehouse reiterates forecast for no growth in FY profit as 3rd-qtr sales slip NZ dollar falls to two-month low as Europe's debt fears linger, sap risk appetite Stocks to watch: NZS, Infratil, NZX, Telecom, Warehouse, AIA, PPL, WDT Fisher & Paykel Finance gains acceptance to extended guarantee scheme MightyRiverPower takes on US geothermal project Infratil returns to profit after year-earlier impairments, lifts revenue Windflow Technology's turbine design gains crucial international certification NZ broadband hindered by lack of infrastructure out of Auckland: regulator NZ producer output prices rise with dairy, power prices fan input costs NZ's economic flux means both upgrades and downgrades for NZ Inc: D&B NZ investors' love affair with rental properties appears to be fading Telecom's CFO Houlden to head back to Britain MARKET CLOSE: NZ shares fall; Warehouse dips on sales, retailers down Daily ShareChat: Goodman Property Trust While you were sleeping: German ban adds to volatility European credit crisis looms over NZ financial stability: Bollard Stocks to watch: Ryman Healthcare, NZ Refining, ING Dollar drops below 69 US cents as Bollard flags euro woes NZ Refining says processing margins still 'healthy' Recession-proof Ryman posts 16% profit lift NPT manager to put case for keeping contract ahead of rebel vote ING Property Trust loss narrows, breaches covenant on Manawatu JV Allied Work Force bounces back as employment growth returns SFO lines up more charges for Bridgecorp's Petricevic and Roest Super Fund grows $120m on hedging programme South Canterbury recovers $202m in outstanding loans MARKET CLOSE: NZX hits three month low on back of European worries Geoff Brown quits NZX NZ still in the top 20, but only just, says global competitiveness survey Daily ShareChat: Commonwealth Bank of Australia While you were sleeping: Ban rekindles risk aversion OMFinancial appoints senior dealer Stocks to watch: Rakon, Allied Work Force, ING,Warehouse, NZR, Goodman Property NZ dollar sinks ahead of budget as German short-selling ban spooks markets Pacific Business Trust appoints new Chief Executive South Canterbury Finance to get additional equity from Kerr Kiwi Income Property Trust posts loss Pan Pacific, Sealegs lead NZX 50 lower; kiwi rises Briscoe is looking for growth opportunities Downer wins State Highway 5 contract Torchlight lifts stake in South Canterbury Finance Air NZ hurt by Icelandic ash Finely balanced tax package depends on growth dividend Biggest tax package in a generation builds on lessons of global crisis Recovery gives NZ tailwind to rebalance economy, cut taxes Government closes loophole and aligns tax rates for LAQCs Property depreciation write-offs: here today, gone tomorrow Government cuts tax on savings vehicles to 28% Indexation loss tightens screws on Working for Families NZ trims debt sales programme as economic recovery lifts fiscal outlook NZ budget gets tick from S&P, 'sound public finances' support AA+ debt rating No one should mourn death of 38% tax rate MARKET CLOSE: NZ shares extend slide to 3-month low; WBC, PGW, THL fall Daily ShareChat: Fletcher Building While you were sleeping: Global recovery in doubt NZ dollar extends slide as Europe debt crisis overshadows local Budget Stocks to watch: Briscoe, Fletcher, KIP, Rakon, Tower NZ tax overhaul set to fuel inflation spike, higher track of prices Commerce Commission says credit card late payment fees are unreasonable Rakon reins in full-year loss on pick-up in demand for GPS, outlook improves NZX's new head of markets looks to CMDT report as guide Q3 operating profit a turning point, says South Canterbury Finance NZ migration bolstered by British invasion Monday 24th May 2010 Advisory Panel to be set up to assist with GST change NZ consumer confidence rises to 4-month high as economy revives MARKET CLOSE: NZX 50 sinks to 9-month low; MHI, PPL, MFT, TEL fall World Week Ahead: Global growth worries Daily ShareChat: The Warehouse Group NZ dollar gains as Germany approves Greek bail-out, market's nerves settle Stocks to watch: Pike River Coal, Rakon, Sky City , A2 Corp., SPT, WHS Simpson Grierson welcomes two new legal specialists Telecom mulls structural separation, looks to shift some burden back to govt Mercer appoints new head of investment consulting Kermadec narrows loss, says new depreciation rules will show in 2012 Auckland Airport's international visitor growth stalls with drop from Australia; domestic rises S&P warns Telecom over prospect of structural separation, shares sink MARKET CLOSE: NZ shares snap 6-day slide; AMP, NZO, ANZ gain, TEL falls NZ's petrol is fourth cheapest in the OECD as ETS looms Government would retain majority in a KiwiBank privatisation: Key Key scolds Carter for loose Crafar farm talk Reports of govt stake in Chorus wrong, says Key Daily ShareChat: Telecom While you were sleeping: Fixed-income safety appeals NZX gets approval for new employee share scheme NZ dollar falls below 67 cents; Europe debt fears linger, Fonterra forecast awaited Stocks to watch: Contact, FPA, GMT, NZS, NZR, NZX, TEL NZ Dollar Outlook: Kiwi to be capped at 70 US cents amid European chaos Orcon, Compass, Slingshot agree to share broadband exchange re-routing Fonterra tips milk price of up to $8, says market volatility is a threat ZyGEM acquires US-based MicroLab Diagnostics, offers faster DNA testing Rangatira lifts annual earnings by 33% on small-goods, packaging assets Investors in Rural Portfolio likely to claw back less than half of principal Business managers' inflation expectations lift as recession memory fades Memory lapse costs Goldman Sachs JBWere $30,000 in NZX fine Corporatisation harder than thought, says ANZO National Property Trust to maintain dividends as property values drop MARKET CLOSE: NZ shares resume slide; Telecom plumbs new low Daily ShareChat: NZX While you were sleeping: Risk aversion rises Stocks to watch: AMP Office, NAP, Farming Systems, NZX, SEK, TEL, WEN Sam Knowles quits as head of Kiwibank Dollar climbs from 10-month low as Fed talks down contagion threat F&P Healthcare posts 15% gain in profit Kiwibank seeks almost $100m to tap corporate sector Credit Unions call for cap on lending rates Botherway to chair market regulator board Swag of capital market policy reports due next month: Power New project to attract offshore capital under way First mortgage-backed securities offer in three years comes to market MARKET CLOSE: NZ shares gain; Telecom and Fletcher get off their lows Daily ShareChat: The Warehouse Group While you were sleeping: Investors focus on good news Botherway to head super-regulator establishment board Sanford first-half profit tumbles 79% as skipjack tuna, mussel prices fall Solution Dynamics appoints new director NZ dollar extends decline after IMF says kiwi as much as 25% overvalued Stocks to watch: Mainfreight, Sanford, Fisher & Paykel Healthcare, Telecom, AIA, WFD Mainfreight lifts profit by 2.5%, takes less in charges as freight volumes fall Electricity Authority Chief Executive-designate selected Drop deficits faster, IMF tells government NZ posts first annual trade surplus since 2002 as exports fall less than imports Telecom de-merger would give shareholders a bob each way, Reynolds suggests Postie Plus sales rise 4.3%, putting retailer on track to meet target of annual profit growth Tasman Farms to delist from Unlisted, taps major shareholder for funds Telecom reins in units' autonomy in bid to cut costs; shares gain MARKET CLOSE: NZ shares gain for second day; Fletcher, AIA, FPH rise S&P says Kiwibank's rating could fall if bank privatised Daily ShareChat: Rakon While you were sleeping: China bolsters euro zone Stocks to watch: AIA, FPA, FPH, MFT, STH, TEL, TWR Former Contact Energy CEO to head Meridian US solar subsidiary NZ dollar climbs above 68 US cents as China soothes investor nerves over Europe TSB Bank posts 21% gain in full-year pretax earnings on loans, deposits Tower pays first interim dividend in 8 years as IFRS changes bolster earnings Fisher & Paykel Appliances meets full-year guidance after pickup in second half Investors on own in pursuing refunds, regulator says NZ home building consents rise to 2-year high, face headwinds through 2010 Monday 31st May 2010 Allied Farmers lifts impairment charge on Hanover loans Hubbard steps aside as chairman of South Canterbury Finance South Canterbury lashes out at further downgrade MARKET CLOSE: NZ shares rise for third day; Mainfreight, Tower, Fletcher gain SMELLIE SNIFFS THE BREEZE: Why sell state assets? Daily ShareChat: TOWER Australia World Week Ahead: Selling on Spain SCF struggles to get new cash fast enough NZ dollar extends May decline as Spanish downgrade keeps investors nervous Stocks to watch: Truckies, taps and insurance companies in the spotlight Canterbury Building, Southern Cross tap government protection for deposits Methven profit misses profit guidance Dorchester posts annual loss of $19.1 mill NZ businesses want to start employing people again Investors warned off Macquarie-owned Brook Asset management MARKET CLOSE: Shares rise as investors look for value June 2010 1st - While you were sleeping: Latest correction looks to be nearing end Irongate warns on $30 mill bond repayment New Kiwi owned bank proposed RBNZ should leave interest rate hikes till September: NZIER Stocks to watch: ALF, DPC, MVN, PEB, PGC, RAK, RBD, TEL Restaurant Brands counting on their chickens SCF eases liquidity concern in debenture roll-over Dollar little changed ahead of RBA, BOC reviews Some liquidity coming back into the market: NZX Telecom's participation in broadband rollout positive for company Wellington Airport increasesd profit with fewer passengers Technology export firms leaving money on the table: PwC Global oil giant Petrobras to explore in NZ MARKET CLOSE: NZ shares snap 4-day advance While you were sleeping: Stocks get mixed messages Fonterra milk prices edge lower, buyers nervous about the future Stocks to watch: ALF, MFT, PGC, RBD, TEL Dollar gains against Australian as RBA rates on hold Daily ShareChat: Freightways Commodity prices continue to break records MARKET CLOSE: Contact leds sharemarket down Power outlines new expectations for SOEs While you were sleeping: US shares rise on home sales Stocks to watch: Strong US market helps NZ shares rise New Zealand dollar gains as US stocks rally Electricity generators shun NZX for ASX Auckland house sales gain in May New environment agency to control oil exploration Marac-led bank has potential for investment grade rating: S&P MARKET CLOSE: Commodiites and Wall Street help shares rise Daily ShareChat: Comvita Daily ShareChat: Mainfreight While you were sleeping: All eyes on US jobs NZX's dairy derivative plans intact: Weldon NZ dollar falls as European concerns flare up Stocks to watch: AIR, ALF, NZX, POT, TEL, WFD Wakefield sweetens offer for Norfolk Kerr's Torchlight extends $100 mill facility to South Canterbury High Court to rule on UBNZ's eligibility to buy 16 Crafar farms DNZ Property to pay $35 mill for management contract Market Close: Telecom rises from 2 decade low, while NZX continues to slide Daily ShareChat: Sanford IRD wins landmark avoidance case While you were sleeping: Stocks fluctuate on economics Stocks to watch: CVT, KMD, MHI, NZX, SAN, WFD Michael Hill shuts half its US stores NZ dollar edged nearer 10-mth low New Zealand's net debt position edges higher in latest financial statements Residential building and consents increase DNZ to tap shareholders for $35 million Allied Nationwide rating downgrade will lift its cost of borrowing NZ Dollar Outlook: Kiwi held back by global fears QBE NZ doubles underwriting profit MARKET CLOSE: NZX 50 closes below 3000; Michael Hill loses its shine Harcourts nabs a Bayleys person to be it new CEO Renewable energy company woos and wins top US energy exec Financial advisory firm loses its CEO Daily ShareChat: Origin Energy While you were sleeping: Stocks fluctuate Bollard set to raise OCR as inflation spike looms South Canterbury Finance gets new chairman Dollar gains as Bernanke soothes concerns about US economy Stocks to watch: AIR, ALF, DPC, MHI, NZO, NPX Fonterra moves to two milk powder auctions a month Slow recovery underpins Nuplex in key markets Dorchester revamps board ahead of capital reconstruction plan MightyRiverPower baulks at Long Gully wind farm AIA gains daily Jetstar Singaporean link Goodbye to paper-based tax returns Govt warned not to leave Telecom out of broadband rollout MARKET CLOSE: NZ shares rise, led by Nuplex and AIA Former Cullen Investments exec heads up HRV SFO restructures its office House prices weaken for first time in 14 months Daily ShareChat: Listed property trusts While you were sleeping: Bernanke bets on recovery Bollard lifts OCR to 2.75% Stocks to watch: AIA, DPC, FBU, IFT, NPX, WTL Torchlight equity proposal for SCF proved too hard: Maier Kiwi climbs as Bollard resumes rate hikes Electronic card transactions climb at retailers gain Allied Farmers to sell second stage of Five Mile above book value NZ manufacturing still expanding, but growth is easing off Local oil stocks jump on Tui find Surging dairy prices drive biggest jump in terms of trade for 34 years MARKET CLOSE: NZ shares gain; NZO, PPP rise on Tui find, PGW lifts Pyne Gould splits and makes management changes Milford Asset Management appoints manager to grow business While you were sleeping: Chinese bolster stocks Daily ShareChat: Methven Dollar extends gains on strong Chinese export data and OCR hike Stocks to watch: ALF, GEL, MVN, NZO, PPP, PGW MRP dampens profit expectations Don't panic over Penny and Hooper decision: IRD ASB Securities looks to discontinue advisory service Police change tune on Rugby World Cup liquor licensing Port of Tauranga lifts full-year guidance as volumes rise Strategic investors warned off low ball offer Direct Capital takes stake in real estate firm Fish company up meat works stake Wang needs approval to buy Crafar farms MARKET CLOSE: NZ shares rise; Port of Tauranga gains on guidance Daily ShareChat: Mainfreight World Week Ahead: Bulls take the horns NZ dollar climbs near month-high Stocks to watch: AFF, ALF, INS, NZX, PPP, POT More uridashi issuance would be useful for NZ NZ oil shares fall as Tui SW-2 comes up short Tussle for Horizon Energy erupts back to life Retail sales fall, led by department stores Banks and households need to change their ways: Bollard Silver Fern closes specialist plants in Canterbury NZ Dollar Outlook: Kiwi to be capped at US70c with offshore news the focus Investment adviser banned Allied Farmers wins $6 mill in court battle Trading dominated by slides in New Zealand Oil & Gas and Telecom CBS Canterbury looks to bonus share issue before proposed bank merger Daily ShareChat: Methven While you were sleeping: Greece takes another hit NZ dollar pares gains after Greek credit downgrade Stocks to watch: Burgers, books and banks in the limelight Vector says deferred tax liability changes will result in one-time $21M gain Property market weaken as house prices fall Kiwis keep plastic fantastic in their pocket RBA takes a wait and watch approach to interest rates Foodstuffs boss heads to Fletcher Building board Genesis Research in talks with new investor, raises $446,278 in placement One-off boost to Vector earnings from Transpower access deal NZF Group raises $100 mill to help fund lending MARKET CLOSE: NZ shares rise; Vector gains on Transpower deal, SKT advances BNZ surprised at interest in covered bonds Daily ShareChat: Fisher and Paykel Healthcare While you were sleeping: Chipmakers lift mood NZ dollar rises as signs of European debt crisis ease Stocks to watch: All Whites play on market, while Telecom gets more attention Commerce Commission recommends regulation of mobile termination rates Consumers grow more upbeat Guinness Peat to spin-off Australian business MARKET CLOSE: Stocks extend gains, led by Sky TV buyout news Higher deposit rates here to stay: PSIS Daily ShareChat: Harvey Norman While you were sleeping: FedEx vs Apple Solid Energy should be partially privatized: Palmer Stocks to watch: CEN, GPG, NZX, PEB, SKT, TEL Dollar may pare gains from month-high NZX backs partial privatisation call NZ Super Fund stumbles in May ASB breaks ranks and leads mortgage rates up Marlborough Lines close to 10% target in Horizon Consumer confidence weakens but stays positive: Roy Morgan MARKET CLOSE: NZ stocks fall on global jitters; GPG, Telecom decline Daily ShareChat: Nuplex While you were sleeping: Doubt on US economy Dollar climbs to month-high after Spanish bond sale Telecom to refund 1,300 'misled' customers Stocks to watch: CEN, GFF, GPG, HED, TEL, TLS Rio Tinto facing higher Bluff port charges Ericsson NZ edges back into profit in 2009, cuts labour costs by 28% Denmark first EU buyer of NZ permanent forest units BNZ wins mandate for new Auckland super-city Auckland Airport faces $80m depreciation charge Air NZ passenger numbers rise in May Wellington Drive brushes off recession, motoring to profit in second half of year Pulse Utilities raises $1 mill MARKET CLOSE: NZ shares rise, helped by portfolio reweighting More Henderson companies in receivership More banks increase home loan rates Daily ShareChat: Construction companies SCF's Hubbard placed in statutory management UPDATED: South Canty's Hubbard under statutory management and SFO probe World Week Ahead: Test of momentum Economic recovery may have slowed Kiwi climbs as China prepares for yuan appreciation Stocks to watch: Good news start for AMP AMP granted clearance to buy AXA SCF pulls prospectus Migration shrinks to just 250 in May Mauritius investor pumps in new capital for 40% of Sealegs NZ Dollar Outlook: Kiwi may reach 72 US cts as GDP looms, yuan reset Hubbard says foreign firm may provide equity for South Canterbury Businesses urged to report GST change issues to new advisory panel MARKET CLOSE: NZ shares rise, led by Telstra, Telecom Daily ShareChat: Port of Tauranga Morrison appoints new executive director Shareholders Assn gets its girl onto Telecom board Advisory board boosts links with business While you were sleeping: US shares pare gains Sky City puts tax adjustment at $60 mill Yuan appreciation disappoints investors Stocks to watch: International forces bear on NZ market IRG suspended on overdue full-year accounts Attack on Hubbard may hinder SCF's fund raising Inflation spikes your buying power ANZ reaches record settlement over ING funds Orcon's Iggy ad bags global gong for Special Group SCF downgraded two notches on Hubbard news Court action against ANZ not worth the extra fine Power outlines biggest changes to securities law in a generation MARKET CLOSE: NZ shares fall; Ryman drops after holder exits Daily ShareChat: Kathmandu While you were sleeping: G20 on a collision course Dollar falls vs pound as UK slashes spending, hikes taxes Stocks to watch: KMD, KIP, NPX, RYM, SKC, WDT Kiwi Income to buy back 20 million units over next 12 months Auckland Airport passenger traffic grows ETS fails fairness and impact tests: Sustainability Council Current account gap shrinks to 21-year low Employment confidence on the up Pacific Edge secures patent for colorectal cancer detection technology Tiddlers winning electricity customer war Wellington Drive on the right track MARKET CLOSE: NZ shares mixed; GPG, KIP rise while banks fall Daily ShareChat: Toll Holdings While you were sleeping: Fed's cautious comments National Property manager bows to pressure to step aside NZ dollar may extend gain on economic growth Stocks to watch: Property trusts and Dorchester attract attention SmartPay gets some more equity Landcorp's deal may win Crafar farms receiver approval Economic growth continues, but at a slower rate L&M Energy shares halted pending announcement on capital raising Broker warns regulators had better be right over Hubbard NZF competes with banks for home loans Times slightly riper for businesses to sell up MARKET CLOSE: NZ stocks fall, Fletcher falls on tax impact Gillard-led Australian Govt may water down mining tax Ag Research scores Scion's man AMP Office appoints temporary CEO Sheppard resigns as Shareholders Assn chairman Captain Kirk signs up with high speed cable venture Daily ShareChat: Sky TV While you were sleeping: Equities lose their way Stocks to watch: AIR, FBU, LME, NAP, SPY House building starting to rise again New code for financial advisers due in July NZ exports rise to record $4.2 bill Gibbs puts up his own plan for GPG Tower wins right to insure ANZ wealth division customers Sec Com: No conflict of interest for Botherway Pyne Gould stumps up $15 mill for South Canterbury Allied Farmers still negotiating banking facilities MARKET CLOSE: NZ stocks fall; Banks follow Aust lenders lower Daily ShareChat: GPG World Week Ahead: Sober second-half outlook Stocks to watch: GPG's future firmly in the spotlight NZ dollar rises to six-week high Boyd confirms commitment to Telecom Cue sells interest in PNG's Kimu gasfield for US$5.1mill NZ Dollar Outlook: Kiwi likely to test US72c this week May Wang creditors accept 2c in the dollar NZ business optimism falters; investment, hiring intentions dim Smiths City ups profit by 62% MARKET COSE: NZ stocks fall; GPG rises Gibbs says he's not ashamed to have broken ranks at GPG Daily ShareChat: Telstra New Image Group says shares undervalued, may re-introduce buyback While you were sleeping: Equities rally, gains checked Gibbs dumped from GPG board over opposition to demerger plan NZ dollar holds below US71c as local business confidence falters Stocks to watch: GPG the centre of market attention today I was fired for telling the truth: Gibbs GPG shares drop after Gibbs dumped Consents for new homes slide St Laurence to get about a third of their money back Wall Street reforms will drive up lenders May Wang-related interests take stake in Genesis Research MARKET CLOSE: NZ stocks fall; GPG slides on Gibbs departure, FPA drops Daily ShareChat: Fisher and Paykel Healthcare While you were sleeping: Hammer drops on equities Marlborough Lines seeks to lift Horizon stake Kiwi slides below US70c amid fears of double-dip global recession Stocks to watch: Air NZ in the clear Businesses warned not to mislead over ETS price impacts Infratil's Snapper may get surge in sales as gap widens with cash fares Allied accuses Hanover of breaching agreement Fonterra urges farmers to free up capital Drinks taxes escalate tomorrow Telecom starts charm offensive over structural separation Farmers approve Fonterra shareholding plan L&M Energy completes A$7m placement for gas development Skellerup says full-year profit ahead of estimates Wakefield bid for Norfolk stumbles again Contact defends ETS pricing decision Dorchester staves off receivers MARKET CLOSE: NZ stocks falls on global recovery fears July 2010 1st - Daily ShareChat: Sky City SBS Bank poised to merge with HBS While you were sleeping: Stocks give up on Spain Stocks to watch: Finance companies leading the charge PGC's Marac unit buys auto financing book for $70m cash Irongate risks suspension from NZX on late report filing DNZ halts Unlisted trading as capital raising vote looms Joyce expands scope of UFB tender Appointments to Transpower and Solid Energy boards Restaurant Brands shares near 13-year record on higher forecast New appointment to Commerce Commission Falling dairy prices drag commodity index down Satara warns of earnings drop on lower fruit volumes and removal of tax deductibility Allied Farmers gets debt extension Lyttelton Port adds land to inland facility MARKET CLOSE: NZX down for sixth day Willis Bond property fund raises $128M, lures government investments Daily ShareChat: National Property Trust While you were sleeping: Equities await good news Stocks to watch: Extensions and expansions Kiwi pares loss as weak US data saps demand for greenback Postie Plus predicts growth after slow couple of months Mercer debt reshuffled away from SCF Proposed South Island bank merger gets project manager China demand fuels forestry export record Kiwibank launches its own KiwiSaver scheme Rents will rise as house prices fall: Westpac Government expects hit on Vision Securities receivership Impey joins Pumpkin Patch board Gillard backs down on mining super-tax MARKET CLOSE: Shares end 11 day losing streak Daily ShareChat: Sky City World week ahead: Who let the bears out? Kiwi falls as US labour data stokes fears for double-dip recession Stocks to watch: Telecom downplays wholesaling fears Winter malaise sets in as Auckland house sales slump Tui production forecast at 2.8 million barrels in 2010/11 Dollar outlook: Kiwi faces headwinds as double-dip prospects talked up NZX says shares undervalued Kerr's Torchlight taps sophisticated investors for $150 mill war chest Global economic risks worsening: Treasury MARKET CLOSE: NZ stocks rise; NZX gains on share buy-back, dividend plan Daily ShareChat: GPG While you were sleeping: Stocks and oil slip Stocks to watch: GPG sacking of Gibbs 'unusual' Kiwi holds below US 69c ahead of QSBO, RBA review Irongate gets $45m funding from Bluestone-led group to repay bonds Rate rises wrong as economy stalls: NZIER Kathmandu float-backer Quadrant buys Media Monitors Podmore says Irongate refinancing will result in $11m debt reduction Natural Dairy contracts Fonterra milk ahead of Crafar deal NZX trading lacklustre in June as value and volume tumbles Auckland Airport attracts four new property developments worth $29M Innovative companies perform better across business indicators Australia central bank keeps key rate unchanged MARKET CLOSE: NZ stocks rise; Pike River leads gains While you were sleeping: Uncertainty for Wall Street Fonterra milk prices sink as Northern Hemisphere ramps up production Stocks to watch: Auckland Airport, Kiwi Income Kiwi pares gain on falling dairy prices Hellaby debt reduction outpaces forecasts The 2% Rule Dominion and North South directors accused of misleading investors Landcorp teams up with Wairakei Pastoral for Crafar farms bid Spotless settles long-running dispute over contaminated Melbourne site MARKET CLOSE: NZ stocks rise; APT, defensive stocks gain on troubled global outlook Daily ShareChat: Smiths City While you were sleeping: Optimism renews equities Kiwi climbs above US70c amid upbeat outlook on American retail sales Stocks to watch: Auckland Airport, APT, Hellaby AIA buys Queenstown stake in tourism alliance SCF claws back $50m, appoints managers NPT's latest plan could save $550k a year Moody's cautiously upbeat on NZ outlook Treasury, IRD at odds over company tax cuts MARKET CLOSE: NZ stocks rise; ANZ, Westpac lead gainers on Australian rally DNZ listing goes ahead after succesful capital raising Daily ShareChat: Skellerup While you were sleeping: Caution rules market Kiwi holds above US70c as German data bolsters confidence in Europe Stocks to watch: Telecom reaches $1.7m settlement Upbeat manufacturers defy gloomy talk Telecom to pay $1.7m in compensation Electronic card transactions extend gains for fifth month Genesis forecasts profit jump Natural Dairy sought Tatua tie-up Sky buys outside broadcaster ahead of Rugby World Cup MARKET CLOSE: NZ stocks rise, pushing NZX 50 above 3,000 Daily ShareChat: Auckland Airport Daily ShareChat: Fletcher Building Property values ease for second month World week ahead: It is China or the US? Stocks to watch: Fletcher Building, Infratil, Postie Plus Kiwi climbs as Wall Street gains ahead of earnings season NZ posts smaller-than-forecast deficit Motels hit by fall in domestic tourism Dollar outlook: Kiwi seen little changed as US earnings set to dominate OceanaGold jumps on additional Frasers resource CFA founder appointed as GIPS Council chair MARKET CLOSE: Telecom gains on AAPT sale talk Daily ShareChat: Restaurant Brands ING's KiwiSaver status being questioned While you were sleeping: Caution before earnings Inflation held in Q2 as spike looms Kiwi holds above US71c as Wall Street earnings season begins Stocks to watch: APN, Auckland Airport, OceanaGold APN's Hopkins steps down after eight years Diligent posts 66% jump in second-quarter sales LanzaTech raises US$18m for waste gas conversion technology Landcorp's Crafar bid falls short with receivers Food prices post largest decline since 1957 Greenstone Energy mulls $100m bond sale Natural Dairy confident of winning Crafar bid MARKET CLOSE: NZ stocks fall, as US earnings season gets underway Statutory manager freezes another Hubbard investment vehicle Daily ShareChat: Hellaby Holdings Todd loses High Court stoush over Pohokura gas field While you were sleeping: Earnings lift spirits Stocks to watch: OceanaGold, Telecom, NZ Oil & Gas Kiwi trades above 72c as Intel beats estimates Home sales sink further to second-worst June in 10 years Retail sales rise less than expected DNZ Property sets date for listing Nufarm appoints Donald McGauchie chairman Major shareholding in Rainbow's End operator up for grabs $650 million-plus boost to Kupe reserves MARKET CLOSE: NZOG leads shares higher Daily ShareChat: National Australia Bank Mutual Finance becomes latest firm to fall While you were sleeping: Fed's reality check Kiwi's rally to two-month high may falter Stocks to watch: AIA, Fletcher Building, NZO Nufarm shares set to tumble Allied Farmers confirms sale of Five Mile ISI chief resigns over Dominion Finance charges Manufacturing growth and optimism lead economic recovery Export-oriented manufacturing leading recovery charge PSIS knocking on door of investment-grade credit rating MARKET CLOSE: NZ stocks fall; NZOG down on Tui oilfield well exploration Daily ShareChat: Auckland International Airport While you were sleeping: Signs of US weakness Nufarm credit rating cut to junk Kiwi rises toward US73c on weak American data Stocks to watch: Auckland Airport, Air NZ Auckland Airport suspends construction of second runway Air NZ, Virgin Blue alliance won't involve shares Consumer prices rose less than expected in Q2 'Valley of death' investment shortfall requires remedy LDC Finance's Harding, Schofield get lifetime ban over securities offer Cavalier profit higher than forecast before impact of tax changes MARKET CLOSE: NZX ends on a flat note Hubscher bails from Te Kairanga Wines as profit margin evaporates Daily ShareChat: Skellerup World week ahead: Earnings aren't everything Stocks to watch: AMP, Cavalier, FPH Olam seeks to take over of Farming Systems Kiwi slumps on fears of double-dip recession Synlait finds new backer Olam takeover promises much-needed capital for NZFSU Bright Food buys majority stake in Synlait Services sectors grow gradually Kahu-1 well disappoints Dollar outlook: Kiwi may weaken further amid fears of global downturn NAB gains more time to meet regulator concerns on Axa offer MARKET CLOSE: Oil stocks down, while rural ones flourish Daily ShareChat: Hellaby Holdings While you were sleeping: US earnings appeal Kiwi edges lower as Ireland's credit rating cut Stocks to watch: NZFSU shares take off Total backdown on mining plans Australian sales growth turns juice-maker profitable Kiwis may get second shot to invest in Synlait Allied Farmers gains further extension to Westpac facility RBA watches European bank stress tests closely Talley's launches full takeover for AFFCO MARKET CLOSE: NZ stocks snap 3-day slide Daily ShareChat: Auckland International Airport While you were sleeping: US stocks advance Kiwi follows Ausi dollar higher Stocks to watch: Affco, Allied Farmers, Canterbury Building Society NZFSU hires Grant Samuel to assess Olam takeover proposal Canterbury Building Society gives hint on bank merger timeline Regulator aims for 95% repayment for investors in frozen ANZ/ING funds Kiwis will turn to credit if RB raises rates: D&B Hurunui water take frozen for 14 months Wellington Drive ups orders Australians help NZ tourism hit annual record in June OceanaGold testing new minerals area NZ Refining margin slides with plant outage MARKET CLOSE: Building stocks lead market higher While you were sleeping: Concern about uncertainty Stocks to watch: Air NZ, Fletcher Building, NZR Kiwi sinks as Bernanke talks down US recovery Rakon acquires French rival Temex for 400,000 euros Methven forecasts a better result Smallfry nip at big NZ power retailers heels: ForBarr SFO starts new Blue Chip probe Consumer confidence takes another knock Ageing population will require new policies: Treasury MARKET CLOSE: Retailers fall on weaker consumer confidence While you were sleeping: Outlook gets rosier Sam Morgan lifts stake in Xero Daily ShareChat: Opus Kiwi surges above 72 US cts amid better data Stocks to watch: Methven, Warehouse, Vector Govt drops energy efficiency initiatives for agriculture Kingfish looks to raise $25 million Visitors from Asia drive traffic volumes through Auckland Airport MARKET CLOSE: NZ stocks rise; Rakon, AMP and Air NZ the leaders Daily ShareChat: PGG Wrightson World week ahead: Flip a coin, make a bet OCR hike may come with more cautious projections Stocks to watch: Disparity in the air Kiwi gains ahead of RBNZ rates review Michael Hill lowers value of IP transfer Pulse seeks up to $5m in convertible notes Dollar outlook: Kiwi may gain against out-of-favour greenback Bank stress tests need grounding in reality Auckland-Queenstown airport tie-up garners local opposition Credit checks fall, defaults jump: Veda MARKET CLOSE: NZ stocks rise as KiwiSaver speculation boosts bids Morrison looking at Port of Brisbane lease Daily ShareChat: NZ Oil and Gas L & M Energy to drill in Taranaki permits over next two years While you were sleeping: FedEx delivers Stocks to watch: Infratil, L&M, NZ Oil & Gas Kiwi jumps to six-month high after strong US housing data Air NZ domestic passenger demand grew in June Hawkins' Budget Loans pleads guilty to misleading investors RBNZ to raise OCR to counter galloping inflation expectations Global economy unlikely to face double-dip recession NZ Windfarms undershoots prospectus forecast Super Fund posts second-best return Genesis Energy expands Castle Hill wind project Billion dollar ironsands IPO in prospect MARKET CLOSE: NZ shares fall; Telecom, Contact decline, Rakon gains Abano operating profit meets guidance at $4.4M, before Bay sale proceeds Daily ShareChat: Woolworths While you were sleeping: Mixed messages reign IRD among objectors to May Wang creditor offer Kiwi falls on weak US consumer confidence Stocks to watch: Abano, Contact, NPT Wrightson Finance fails to get quorum to extend bonds Scott Technology to buy supplier's assets Pacnet teams with Pacific Fibre to build undersea cable AMP Capital shuns bonds and equities for cash Public companies falling short on disclosure Business confidence dims Australia reports milder inflation MARKET CLOSE: Wrightsons deal with NZ Farming Systems boosts market Daily ShareChat: Steel and Tube While you were sleeping: Stocks suffer on outlook Bollard lifts OCR, predicts more moderate pace of increases Stocks to watch: PGW, Sealegs, Jasons Travel Media Kiwi tumbles on news of moderate rate hikes Red Group likely to be in breach of banking covenants AIA gains Jetstar's new trans-Tasman and domestic flights Bruce Sheppard: Gone, forgotten, but still here Australian telco shares suspended on speculation over Telecom's AAPT Endace wins $4.4m R&D grant Ryman looks to make Australian play Wellington Drive wins international endorsement Mainfreight aims to lift annual turnover to $2 billion by 2015 MARKET CLOSE: NZ stocks hit monthly high Daily ShareChat: Rakon CEO pay next target for the Shareholders Association While you were sleeping: Short-circuited by techs Going unhedged pays off for OceanaGold Stocks to watch: AIA, Mainfreight, OceanaGold Kiwi pares loss as US Aaa-rating questioned Silver Fern closes Brooks plant in UK Fonterra concerned over India milk protests Home building consents stay in the doldrums Livestock Improvement profit down 43% Telecom in trading halt as AAPT sale looms Pulse changes tack with cut-price power brand PGW halts negotiations on internalising NZFS management Technology grant to grunt up Endace security products Telecom sells AAPT Heritage Gold ready to mine cobalt in NSW MARKET CLOSE: NZ shares gain as growth comes back into view August 2010 1st - Daily ShareChat: Fisher & Paykel Healthcare Pacific Edge has pipeline of new products to follow new cancer-test patents World week ahead: Caution rules the day Stocks to watch: FPH, Heritage Gold, NPT Kiwi climbs as US and Chinese data beat expectations PFI net profit up 16.7% before non-cash tax charge Marlborough Lines extends Horizon offer a second time Downer MD Geoff Knox replaced by CFO Dollar outlook: Kiwi may fall amid soft employment, weak dairy prices NASA comes to Otaki as tenant of clean technology park Penny and Hooper to appeal tax avoidance rulings Telecom demerger formally on the table in new UFB bid Feltex directors found not guilty Commodity prices down for second month MARKET CLOSE: NZ shares gain for fourth day; Telecom up on separation Regulatory relief key to Telecom UFB package: Reynolds Daily ShareChat: Wellington Drive Technology While you were sleeping: Stocks rise on earnings Kiwi gains as European banks post strong earnings Stocks to watch: Horizon Energy, Pacific Edge, PFI Allied Farmers to raise $19.3m Second month of weak trading for NZX AMP NZ Office annual earnings rise Wage growth lags behind price increases SMEs backbone of the economy Fonterra must still comply with raw milk regs Policy advice bonanza goes under the microscope New fibre by New Year, says Joyce Renaissance more than doubles earnings RIS seeks $2 mill to break into Indian market NZX 50 at six-week high as global fears ease Daily ShareChat: Freightways Carmel Fisher says there will be a happy ending to these markets While you were sleeping: Stocks slump on outlook worries Fonterra milk prices fall to 11-month low Kiwi holds above US73c amid subdued American data Mobile call rates to fall Stocks to Watch: AMP Office Trust, Freightways, Kathmandu Kathmandu slips under forecast profit Auckland house sales still in doldrums Fish skins power new Revolution South Port beats own profit estimate Bills getting paid faster MARKET CLOSE: NZ shares fall on Kathmandu disappointment Fonterra prepares to cut milk payout forecast Home loan rates finally rise Daily ShareChat: Abano While you were sleeping: US data relief Stocks to watch: Abano, AMP Office, Kathmandu Kiwi holds above US73c ahead of local employment data NZ Post write-downs erase profit Step forward on monopoly network pricing ING's new name revealed ANZ farewells ING brand in favour of inhouse moniker Dollar tumbles on unexpected jobless jump Telecom placed on credit watch negative NAB still hopeful over AXA bid Ebos wipes debt by selling science businesses MARKET CLOSE: Ebos and Sky TV have a good day Brownlee announces $40 mln underwrite for NZVIF SCF blames adviser for share price drop Tax and skulduggery deliver Millennium a loss Daily ShareChat: ResMed While you were sleeping: Unemployed losing hope Kiwi drops below A80c in wake of growing jobless queue Stocks to watch: AMP, Briscoe, Ebos Briscoe Q2 sales hurt by homeware Financial stocks star in strong US reporting season TelstraClear no competition for Telecom UPDATED: Bank disclosure rules up for discussion Hallenstein Glasson more than doubles profit Tony Gibbs welcomes bill to extend kiwifruit exports Diligent founder steps down as US marketing chief Allied Nationwide Finance in breach of trust deed MARKET CLOSE: Retailers Hallenstein, Briscoes and Kathmandu drive market Kirkcaldies cuts guidance by 15% Daily ShareChat: Pumpkin Patch Property values continue to weaken World week ahead: Where there's smoke Stocks to watch: Allied Farmers, HLG, Kathmandu Satara in talks with possible kiwifruit partners Dollar gains after US economy sheds jobs Goodman lures former executive Murray Barclay from Europe ANZO poaches Goodman executive Pritchard Dollar outlook: Kiwi may fall amid US economic stimulus NAB tries to get ACCC onside with divestiture of Axa platform New ministry to help speed up science research Allied Farmers shelves crucial capital raising after finance unit deed breach More banks increase home loan rates MARKET CLOSE: Stocks rise, Telecom tips market into the black Daily ShareChat: L&M Energy While you were sleeping: Hopeful eyes on Fed Farming Systems disputes Olam takeover Kiwis allowed to take bite out of Australian apple market NZX suspends Hawkins' Cynotech Stocks to watch: Allied Farmers, Farming Systems, LME McGeoch retires from Telecom board Olam to tap shareholders for funds if NZFSU tilt successful Electronic card spending growth stalls Government tweaks GST to ease changeover New job ads jump by 45% on Seek website MARKET CLOSE: NZ stocks fall; Warehouse, retailers decline Kiwibank and NBNZ latest to move interest rates Daily ShareChat: Pike River Coal While you were sleeping: Fed signals shopping spree Kiwi edges up after Fed keeps quantitative easing unchanged Stocks to watch: L&M Energy, Farming Systems, Pike River More big projects to be considered as PPPs South Canterbury Finance warns investors Holiday parks lead gains in accommodation Fonterra backs its milk amid China milk hormone scare ASB's profit near halves due to one-off tax charges Infratil gains confidence on earnings outlook SCF and Securities Commission step on Whimp DNZ listing beats Unlisted price at 97 cents in $45 mln raising MARKET CLOSE: NZX performed OK against weak offshore markets MARAC gets a bit of a lift from S&P Former Fisher Funds CIO buys into cocktail business NZX squeeze on brokers closes investment avenues for SMEs: Fed Farmers Daily ShareChat: Downer EDI While you were sleeping: Heading for the exit Dollar falls to three-week low on weak US outlook Stocks to watch: Diligent, Downer, Goodman Allied Nationwide rating cut A2 Corp. appoints Babidge as MD Wrightson Finance bondholders approve 12-month extension Food prices rise in July NZ manufacturing's charge hits a wall Power to close loophole in takeovers law TelstraClear earnings fall Kiwi Income well placed for retail recovery Steel & Tube profit sinks 78% Tuatara-1 well looks dry More interest rate changes unlikely Turners & Growers first half falls short NZVIF aims to carry firms across 'Valley of Death' Australian windfarm investment dents Meridian outlook Greenstone Energy offers 7.35% rate on 6-year bonds MARKET CLOSE: New Zealand stocks fall on back of global worries Daily ShareChat: Opus While you were sleeping: Jobless claims disappoint Stocks to watch: Farming Systems, PGW, Steel & Tube Kiwi drops below US71c as Wall Street extends loss Wrightson returns to profit Farming Systems scores US$25 million tax break House sales fall to decade low Biggest jump for retail sales in 3 ½ years Telstra to quit SouFun stake for $579.4m MARKET CLOSE: NZ stocks snap three-day slide Daily ShareChat: Cavalier Deutsche Bank completes investment in Craigs Kiwi falls as European debt concerns re-emerge Stocks to watch: Cavalier, DNZ, Freightways World week ahead: Bracing for the new normal ING Property says $96.8m depreciation hit won't hurt pay-out Pyne Gould profit up Freightways profit drops 33% DNZ Property rises on NZX debut Services sector growth slows NEWSFLASH: NZ Farming Systems gets rival offer AWE confirms dry well at Tuatara-1 UPDATED: Union Agriculture Group makes play for Framing Systems Pacific Blue quits NZ domestic routes Dollar outlook: Downbeat Kiwi may drop below US70c Key not ruling out compulsory retirement savings MARKET CLOSE: Fight for Farming Systems buoys market Meridian's Hayes windfarm proposal gets another chance Olam weighs Farming Systems counter-bid Daily ShareChat: Kathmandu While you were sleeping: Waiting for a sign Morrison PIP Fund in Melbourne convention centre deal Stocks to watch: Air NZ, ANZ, NZ Refining Kiwi gains as investors seek higher yields NZFS buys management contract for $4m $300m boost for dairy and red meat sectors Sky City profit drops NZ not measuring infrastructure outcomes well Atlantis Healthcare scores $20m venture capital deal Graeme Hart's Rank Group in talks to buy Pactiv MARKET CLOSE: Market nervous ahead of big company earnings reports HSBC keeps up the pressure on home loan rates Daily ShareChat: Briscoes While you were sleeping: Solid earnings spark hope Flat first half for NZX as Clearing House sets to launch Kiwi climbs over US71c as stocks gain Stocks to watch: Affco, Fletcher, Briscoes Fletcher Building returns to profit Zespri forecasts higher tray returns Govt commits to more funding for Kiwibank Hart buys Pactiv for $8.43b Kiwibank profit falls 13% We're worth more than Talleys offer: Affco Ports of Auckland lifts earnings APN's profit rises as advertising market recovers MARKET CLOSE: NZ stocks rise as Fletcher Building returns to profit GPG's Brierley may respond to shareholders next week Daily ShareChat: Tourism Holdings While you were sleeping: Takeover talk lifts stocks Kiwi holds above US71c as prospect of more M&A stokes risk appetite Kiwibank still growing mortgage book but momentum wanes Stocks to watch: APN, Fletcher, Mainfreight Mainfreight profit jumps as sales growth returns Hart's Pactiv bid threatens credit ratings Japan charters boom for Air NZ Dairy cost increases drive lift in output prices AMP lifts first-half earnings Port of Tauranga meets earnings guidance Goodman Fielder posts drop in full-year profit ING Medical boosts distributable profit 13% Bollard pares back inflation expectations Consumer confidence creeps up MARKET CLOSE: NZ stocks rise as corporate earnings hit forecasts Middle class welfare capture in Treasury'''s sights Talley's extends deadline on Affco offer Daily ShareChat: Commonwealth Bank of Australia Innovative ideas need to go global While you were sleeping: Stalled on slower growth Kiwi drops after weak US data, Australian election eyed Stocks to watch: Telecom, Contact, Fletcher Building Turners boosts earnings amid slow used car market Telecom lifts 4Q underlying earnings Fletcher Building agrees to buy Australian Construction Products Contact Energy looks to new gas peakers as profit falls Allied Finance misses repayment of debentures Cavalier weathers global financial crisis Provisions fall as profits improve for ANZ, Westpac Michael Hill lifts operating earnings, despite bottom line falling ING trusts getting name change Fonterra holds pay-out on improving outlook Sky profit rises 16% Migration figures up, just NZ Experience profit rises as visitors flock to new ride NZ Post profit savaged Telecom would cut spending to fund UFB plan Com Com warns phone retailers on bundled products 'Avatar environment' teaches stroke victims to feel limbs again Allied Nationwide crumbles into receivers arms S&P cuts South Canterbury's rating - again MARKET CLOSE: Stocks down on weaker showing from Telecom and Contact SCF cut deeper into junk Spencer family's Equitable Mortgages latest to get downgrade Daily ShareChat: Steel & Tube World week ahead: Economic concern rules Loughlin steps down as Allied Farmers chairman Kiwi rises against Ausi dollar after unclear federal election Stocks to watch: Contact, Fletcher, Michael Hill Westpac lifts June quarter cash earnings Super Fund ramps up exposure to global equities NZ Farming Systems loss lessens Dollar outlook: Kiwi to weaken on Aust election drama Brookfield to buy remaining 60% of Prime Infrastructure Wait for third-party offer: Farming Systems FPA would miss annual guidance if market conditions worsen DNZ investors sell into low ball offer MARKET CLOSE: Air NZ lifts market higher Apple distributor loses CPO Google's Australiasian boss to head global mobile business Partridge new Business Roundtable chair Daily ShareChat: PGG Wrightson While you were sleeping: Stuck on the sidelines Kiwi gains vs Ausi as investors shake off election blues Stocks to watch: Air NZ, Allied Farmers, Fisher & Paykel Meridian profit jumps on increased generation DNZ sells properties to repay bank debt Olam hikes offer for Farming Systems ING Property sees challenging year ahead Savings group to mull compulsory KiwiSaver Cue Energy turns to profit as production income ramps up OIO approves sale of Cedenco to Japan's CDC Foods Zintel Group looks to list on main NZX board AWE burns A$113m on unsuccessful exploration Auckland airport busier in July Charlie's tops own record profit forecast Local govts lack long-term plans: Auditor-General Enhanced offer for Farming Systems wins over ACC Fairness of KiwiSaver top-ups in savings group's sights Dorchester raises $10.3m in capital restructuring Inflation expectations edge lower MARKET CLOSE: NZ stocks up; lifted by Olam New appointment at The Orange Group ING Property Trust announces re-appointment of independent director Daily ShareChat: Telstra While you were sleeping: Record drop in home sales Kiwi sinks to 13-month low vs yen as investors look for safety Stocks to watch: Charlie's, DNZ, NZ Farming Systems Skellerup lifts profit after second-half recovery Hill family moves to increase control of Michael Hill No dividend from Transpower as major projects roll on Pike River loss widens ahead of mining Former Five Star Finance directors could face 7 years in SFO charges Allied Farmers to renegotiate bank facility in Nationwide fall-out MARKET CLOSE: Michael Hill shines in a dull market Daily ShareChat: Port of Tauranga Telecom appoints new CFO While you were sleeping: Momentum hard to find Guinness Peat says farewell to NZ Olam gains consent to purchase all of NZFSU Kiwi drops below 70USc on dwindling yield appeal Auckland Airport profit ahead of forecast Stocks to watch: Air NZ, Auckland airport, Allied Farmers Telecom likely to get regulatory freedom on resale services NZX finally puts date on dairy futures trading Nuplex profit sets record Tourism Holdings lifts profit Air NZ earnings meet forecast NZOG reports $3.3m loss Pyne Gould confirms return to profit Cavotec profit up, bullish on earnings outlook NZ Windfarms posts $7.6m loss Polybatics on verge of deal for nanotech payloads Ebos produces cracker result Lyttelton Port commits to Otago merger talks; earnings slip Hellaby profit surges as group taps shareholders for $28.4m PGC's wealth management not automatically in merger Kordia returns to profit, looks to Australia for growth MARKET CLOSE: Some pretty stunning performances lift market GPG's result does little to illuminate future path Daily ShareChat: Freightways Hubbard funds over valued by 25%: Report While you were sleeping: Bernanke, growth awaited Stocks to watch: GPG, Freightways, Nuplex Union Agriculture quits bid for Farming Systems Kiwi climbs back over US70c ahead of Jackson Hole meeting Fletcher to restructure self-funding finance unit Steady year for Vector as broadband decision looms South Canterbury in talks with new investor Delegat profit slumps 99% Solid Energy bounces back in second half Northland Port profit rises TVNZ lifts underlying earnings Investors warned over unsolicited share purchase offers Hart's Reynolds Group posts 1H loss as margins shrink F&P Healthcare projects flat earnings MARKET CLOSE: NZ share fall as UAG pulls Farming Systems offer Government won't help, Hubbard says Daily ShareChat: Sky TV Will Gibbs retain his chairmanships of Tower and Turners & Growers? World week ahead: How to revive growth Three bidders now for South Canterbury Finance Redgroup gains waiver for covenant breaches Kiwi gains as Bernanke says more easing still possible Sky City may spend $250m on Adelaide casino Stocks to watch: FPH, Northland Port, Farming Systems Strategic book value deficit at $195.5m South Canterbury expects to name investor tomorrow Allan Hawkins' Cynotech sells Findata stake Genesis Energy beats forecast July trade deficit bigger than expected Dollar outlook: Kiwi supported at US 70c Allied Farmers gains 2-week extension on filing results Business confidence continues to ebb SFO to keep probing Hubbard vehicles Govt liability for SCF about $600m MARKET CLOSE: NZ stocks rise on offshore sentiment NZICT elects new chair New chief executive takes the controls at Fly Buys ASB Securities appoints new head Daily ShareChat: Pumpkin Patch NZ dollar falls as deadline arrives for South Canterbury Finance Stronger recovery still two years away, says NZIER Stocks to watch: Financial stocks have top billing today South Canterbury calls in receivers Genesis Research narrows loss, UBNZ may inject more funds Sandy Maier's comments on SCF receivership South Canterbury receivership, triggers $1.6 bill Crown payment ANZ National Bank boss steps down to undergo cancer treatment NZ home building consents slip South Canterbury bond speculators reap fat reward as finance firm fails SC Finance needed up to $300 mill to survive: Maier Keep South Canterbury in perspective: NZIER chief economist SCF process will take up to five years: English Scales unaffected by SCF receivership Australasia experienced less pain, can expect less gain as world recovers NZ credit rating not immediately affected by South Canterbury failure NZ stocks fall as government pays out for SCF Former Goldman Sachs boys take over chairs at Foundry Asset Management September 2010 1st - Daily ShareChat: Contact Kiwi holds below US70c after SCF receivership Stocks to watch: Affco, Contact, Fletcher Transpower to pay firms to stop using peak power $13.5m cash boost for 2Degrees Insider Paul Brock to replace Knowles at Kiwibank Tasman Farms squeezes out profit ComCom appeal against Telecom unsatisfactory ACC lifts stake in NZX Serepisos on payment plan to meet Hutt City rates NZX CLOSE: Stocks rise on Australia growth Mediaworks appoints director of technology Daily ShareChat: Sky City GPG noteholders need to be looked after: Hawkins Head of Perpetual Trust steps down While you were sleeping: Manufacturing sparks optimism Fonterra milk prices jump 19% amid nervousness over future supply Stocks to watch: Affco, Auckland Airport, GPG Kiwi climbs over US71c as Fonterra milk prices surge Talley's extends Affco offer deadline again Pyne Gould confirms repayment of loan to SCF Regulator accuses freight forwarders of price fixing High Court throws out Bridgecorp chairman's appeal Fonterra hires NZX to design share trading platform Pyne Gould's Perpetual unit in talks to buy Aegis WRAP platform Big Three womens' mag publishers become Big Two MARKET CLOSE: NZ stocks buoyed by offshore sentiment Fairfax appoints two new directors Daily ShareChat: Nuplex While you were sleeping: Outlook a bit brighter Kiwi holds gains as US data buoys risk appetite Stocks to watch: Burger Fuel, Fisher & Paykel, Nuplex
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One of our mortgages came up for roll-over in the past couple weeks and, after a squizz around www.mortgagerates.co.nz, and a general vague feeling that interest rates are only going to rise from here, we fixed for three years at a bit over 7%.
Who knows if that was the right thing to do? Picking where [...]
” Pattrick Smellie More »
