FinData - Latest News

Electronic card spending up in October

Fri, 21 Nov 2008 11:34:00 +1300

Despite the doom and gloom in the retail industry, the value of electronic card transactions (ECT) was up in October, latest statisticis reveal.

Overseas visitor arrivals continue to fall

Fri, 21 Nov 2008 11:32:00 +1300

Another fall in the number of short term visitors to this country points to growing stresses on the tourism industry as the global economy slows.

Ryman profits up to $26m

Fri, 21 Nov 2008 11:09:00 +1300

Aged care and retirement village operator Ryman Healthcare says demand for its product continues to grow, as it posted a 10 percent rise in first half realised profit to $26 million.
Related Symbols: NZX:RYM

NZ shares slide early after Wall St plunge

Fri, 21 Nov 2008 10:32:00 +1300

The New Zealand sharemarket was down sharply in early trading, after equities plunged in the United States as the price of oil fell and worries about the prospects for an automakers' bailout increased.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:AIA, NZX:CEN, NZX:FBU, NZX:FPH, NZX:LPC, NZX:MFT, NZX:NPX, NZX:NZ50, NZX:NZO, NZX:NZX, NZX:POT, NZX:SAN, NZX:SKC, NZX:TEL, NZX:TWR, NZX:WEN

Tower profit jumps 17 percent

Fri, 21 Nov 2008 10:27:00 +1300

Insurer and fund manager Tower posted a 17 percent rise in full year net profit after tax to $40.5 million.
Related Symbols: NZX:TWR

Christchurch Council to raise stake in Lyttelton Port

Fri, 21 Nov 2008 10:07:00 +1300

Christchurch City Council's investment arm is looking to buy another 2.48 percent of the shares in Lyttelton Port Co (LPC), as it looks towards delisting the port operation.
Related Symbols: NZX:LPC

Mainfreight lifts half-year profit

Fri, 21 Nov 2008 09:16:00 +1300

Freight and logistics company Mainfreight posted a 9.5 percent increase in half year net profit before non-recurring items of $17.2 million.
Related Symbols: NZX:MFT

NZ dollar drops below US53c

Fri, 21 Nov 2008 08:41:00 +1300

As recession fears shook world markets, the New Zealand dollar dropped below US53c for the first time in nearly six years.
Related Symbols: FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

Five creditors support property developer

Fri, 21 Nov 2008 08:01:00 +1300

As the battle to bankrupt property developer Andrew Krukziener returned to court, five of his creditors came out in support of him.
Related Symbols: NZX:TWR

Syft Technologies signals rights issue

Thu, 20 Nov 2008 18:24:00 +1300

Syft Technologies Ltd (Syft), a Christchurch-based technology company, today signalled a capital raising via a rights issue to existing shareholders.

NZ sharemarket closes down

Thu, 20 Nov 2008 18:08:00 +1300

The New Zealand sharemarket went for a ride lower today along with slumping world markets.
Related Symbols: ASX:AMP, ASX:WBC, INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:AIA, NZX:AIR, NZX:CEN, NZX:EBO, NZX:FBU, NZX:FPH, NZX:GPG, NZX:LNN, NZX:MHI, NZX:NPX, NZX:NZ50, NZX:POT, NZX:RAK, NZX:SKC, NZX:SKT, NZX:TEL, NZX:TPW

Zygem signs big distribution deal with lab supplier

Thu, 20 Nov 2008 17:44:00 +1300

Hamilton-based biotech start-up Zygem Corporation has signed a deal with a big American laboratory supply and distribution business VWR.

NZ dollar slides along with Asian equity markets

Thu, 20 Nov 2008 17:24:00 +1300

The New Zealand dollar lost ground again today as Asian equity markets fell, increasing risk aversion once again.
Related Symbols: FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

Fairfax merges NZ online sites

Thu, 20 Nov 2008 17:06:00 +1300

Fairfax Media's stand alone websites BusinessDay.co.nz and RugbyHeaven.co.nz are to be merged into the company's Stuff.co.nz site.
Related Symbols: ASX:FXJ

Regional economies mixed in National Bank survey

Thu, 20 Nov 2008 16:49:00 +1300

Regional economies were mixed in the September quarter, according to The National Bank's regional trends report.

F&P Healthcare net profit up 51 pct to $28.3m

Thu, 20 Nov 2008 16:01:00 +1300

Fisher & Paykel Healthcare shares fell 5c to $3.07 in afternoon trading after the company posted a 51 percent lift in interim profit, held its dividend and predicted a 70 percent rise in annual profit.
Related Symbols: FOREX:NZDUSD, NZX:FPH

Banks cut mortgage rates ahead of OCR decision

Thu, 20 Nov 2008 15:54:00 +1300

Banks moved today to aggressively cut mortgage rates ahead of the Reserve Bank of New Zealand's monetary policy statement on December 4.
Related Symbols: ASX:WBC

Hanover aiming to repay $550m principal over five years

Thu, 20 Nov 2008 15:06:00 +1300

Hanover Finance is aiming to repay nearly 16,400 secured deposit investors their principal of more than $550 million within five years, under a debt restructure proposal.

Cutbacks as tourism numbers and spending slows

Thu, 20 Nov 2008 14:47:00 +1300

Tourism operators are looking at making cutbacks as a result of fewer overseas visitors coming, and those that do spending less.
Related Symbols: NZX:AIR

More domestic passengers at Christchurch Airport

Thu, 20 Nov 2008 13:34:00 +1300

The number of domestic passengers passing through Christchurch Airport rose in October, while the number of international passengers fell.

Manufacturing industry is shrinking

Thu, 20 Nov 2008 12:40:00 +1300

The manufacturing industry has the honour of being the only industry shrinking in terms of jobs, data released by Statistics New Zealand (SNZ) today showed.

Harcourts reports sharp drop in house sales

Thu, 20 Nov 2008 12:15:00 +1300

The number of properties sold by Harcourts was down sharply on year ago figures but the real estate agent is hopeful of a pick up in the property market.

Solid Energy signs agreement with NZ Steel

Thu, 20 Nov 2008 11:54:00 +1300

State-owned Solid Energy New Zealand Ltd said a new coal supply agreement with New Zealand Steel Ltd has helped secure the future of the Huntly East Mine.

Hanover Finance aims to repay most investors within five years

Thu, 20 Nov 2008 11:10:00 +1300

Hanover Finance is aiming to repay most of hundreds of millions of dollars it owes investors within five years, under a debt restructure proposal announced today.

Westpac cuts home loan interest rates

Thu, 20 Nov 2008 10:44:00 +1300

Westpac has cut its floating and most fixed interest rates for home loans by 0.75 percent.
Related Symbols: ASX:WBC

NZ sharemarket follows Wall Street down

Thu, 20 Nov 2008 10:32:00 +1300

The New Zealand sharemarket tumbled in early trading after world markets slumped, despite strong half-year results from Fisher & Paykel Healthcare.
Related Symbols: INDEX:COMP, INDEX:DJI, INDEX:SP500, NZX:CEN, NZX:FBU, NZX:FPH, NZX:FRE, NZX:IFT, NZX:NPX, NZX:NZ50, NZX:NZO, NZX:NZX, NZX:POT, NZX:RYM, NZX:SKC, NZX:STU, NZX:TEL, NZX:TPW

F&P Healthcare lifts half-year profit to $28.3m

Thu, 20 Nov 2008 09:58:00 +1300

Fisher & Paykel Healthcare posted a 51 percent lift in first half net profits to $28.3 million, with its respiratory and acute care product group growing strongly.
Related Symbols: FOREX:NZDUSD, NZX:FPH

NZ dollar slides under US55c

Thu, 20 Nov 2008 08:46:00 +1300

The New Zealand dollar spent much of the night in a tight range against the greenback below US55c.
Related Symbols: FOREX:AUDUSD, FOREX:EURUSD, FOREX:NZDJPY, FOREX:NZDUSD

Air NZ could cut more jobs - Fyfe

Thu, 20 Nov 2008 07:48:00 +1300

Air New Zealand is not ruling out further job losses on top of the 200 redundancies announced yesterday due to a slump in long haul travel.
Related Symbols: FOREX:NZDUSD, NZX:AIR

Carbon trader shelves plans to set up in NZ

Thu, 20 Nov 2008 07:47:00 +1300

A leading player in the international carbon market has shelved plans to set up in this country.