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Botry-Zen Ltd Asks Banks To Appoint Receivers

Botry-Zen Ltd Asks Banks To Appoint Receivers
Wellington, Dec 23 NZPA - Botry-Zen Ltd has asked its banker, Bank of New Zealand, to appoint receivers. The company held a board meeting this afternoon after failing to raise a minimum $1.5 million in a share purchase plan.

Botry-Zen Ltd Asks Banks To Appoint Receivers

Botry-Zen Ltd Asks Banks To Appoint Receivers
Wellington, Dec 23 NZPA - Botry-Zen Ltd has asked its banker, Bank of New Zealand, to appoint receivers. The company held a board meeting this afternoon after failing to raise a minimum $1.5 million in a share purchase plan.

Sharemarket Shrugs Off Flat Open To Close Higher

Sharemarket Shrugs Off Flat Open To Close Higher
Wellington, Dec 18 NZPA - The New Zealand sharemarket posted gains in thin trading today care of rises in selected leading shares, most notably Telecom and Contact Energy.

Allied Farmers Shares Fall In Day Of Contrasts On Sharemarket

Allied Farmers Shares Fall In Day Of Contrasts On Sharemarket
Wellington, Dec 17 NZPA - The price of Allied Farmers shares dropped like a stone when they resumed trading today while Nuplex and Hallenstein Glasson rose after expressing optimism about profit outlooks.

PGG Wrightson Finance Secures New Bank Arrangement

PGG Wrightson Finance Secures New Bank Arrangement
Wellington, Dec 17 NZPA - PGG Wrightson Finance has formed a banking syndicate with existing bankers Bank of New Zealand and Commonwealth Bank of Australia, which other banks can join.

Appointment Brings NZ Super Fund And Infratil Even Closer

Appointment Brings NZ Super Fund And Infratil Even Closer
Wellington, Nov 6 NZPA - The Government has brought the New Zealand Superannuation Fund and infrastructure company Infratil even closer today with a key appointment.

BNZ Core Bank Earnings Down, Institutional Earnings Up

BNZ Core Bank Earnings Down, Institutional Earnings Up
Wellington, Oct 28 NZPA - Earnings are down in Bank of New Zealand's core New Zealand banking business but the institutional business had a bumper year, care of volatile financial markets.

BNZ Core Ops Cash Earnings Down 12.9 Pct Year-on-year

BNZ Core Ops Cash Earnings Down 12.9 Pct Year-on-year
Wellington, Oct 28 NZPA - Bank BNZ reported a 12.9 percent drop year-on-year in reported cash earnings to $420 million for its core NZ Banking operations.

RB Governor Says High Dollar Not Big Factor In Interest Rates

RB Governor Says High Dollar Not Big Factor In Interest Rates
By Maggie Tait of NZPA Wellington, Oct 21 NZPA - Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard says a high New Zealand dollar is unhelpful but would not be a big factor when considering raising interest rates.

Tax Cases Will Not Affect Australian Bank Ratings - Moody's

Tax Cases Will Not Affect Australian Bank Ratings - Moody's
Wellington, Oct 12 NZPA - The ratings of Australian banks will not be affected by the sizeable costs they face from unfavourable tax judgments in New Zealand, Moody's Investor Services said.

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.