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Just Water International shows $17.7m loss

Just Water International shows $17.7m loss
Wellington, Sept 3 NZPA - Just Water International Limited (JWI) has released "unacceptable" full year results showing a $17.7 million loss in consolidated earning before interest and taxes (ebit).

NZX the only local company named in Forbes list

NZX the only local company named in Forbes list
Wellington, Sept 3 NZPA - Forbes Magazine has picked a list of 200 "best under a billion" top-performing companies in Asia -- those worth under $US1 billion -- including one New Zealand company and 13 Australian companies.

BNZ changes back to old logo

BNZ changes back to old logo
Wellington, Sept 2 NZPA - Why fix what is not broken rings true with BNZ as it reverts to a logo similar to its old 1950s southern cross design. In 2008 BNZ changed its logo to a simple "BNZ", dropping the southern cross and gold chevron.

NZFSU advises shareholders to accept Olam offer

NZFSU advises shareholders to accept Olam offer
Wellington, Sept 2 NZPA - The New Zealand Farming Systems Uruguay (NZFSU) board is now recommending that shareholders accept a raised offer from Olam International. As recently as Monday the company advised shareholders to wait for further information before accepting the offer.

Deutsche Bank to advise Fonterra on share trading

Wellington, Sept 2 NZPA - Fonterra has appointed First NZ Capital-Credit Suisse and Deutsche Bank-Craigs Investment Partners to advise it on creating two new markets, one to allow farmer-shareholders to trade shares among themselves, and another to allow indirect public investment in the co-opera

PGC in talks to buy Aegis from ASB

PGC in talks to buy Aegis from ASB
Wellington, Sept 2 NZPA - Pyne Gould Corp said its subsidiary Perpetual Group is in advanced exclusive talks with ASB Bank Ltd to buy fund management business Aegis.

Question of compensation for blocked asset sales

Question of compensation for blocked asset sales
Wellington, Sept 2 NZPA - BusinessNZ is suggesting taxpayers need to consider what of sort of compensation they are prepared to pay to disaffected property owners, if restrictions are put on the sale of assets to overseas interests.

Torchlight gets money, seen at the table for SCF fallout

Wellington, Sept 2 NZPA - Torchlight Fund may have invested in South Canterbury Finance (SCF) hoping for a receivership to put itself at the table for the sorting out process, according to an investor in Pyne Gould Corp (PGC).

Bank customers get more satisfaction

Bank customers get more satisfaction
Wellington, Sept 2 NZPA - Customer satisfaction with the big five banks improved during the year to June, but smaller rivals Kiwibank and TSB remain at the head of the pack, a survey shows.

Regulator files proceedings against freight forwarders

Regulator files proceedings against freight forwarders
Wellington, Sept 2 NZPA - The Commerce Commission has filed proceedings in the High Court at Auckland against companies accused of anti-competitive conduct in the freight forwarding market.

Pepsi executive to lead Fonterra in USA

Pepsi executive to lead Fonterra in USA
Wellington, Sept 2 NZPA - Fonterra has appointed a former marketer for soft drink company Pepsi to run its operations in the USA, Canada, Caribbean and Central America. Giovanna "Gigi" Vita was formerly senior vice president of marketing at Minneapolis-based PepsiAmericas.

Dairy prices bounce back at Fonterra auction

Dairy prices bounce back at Fonterra auction
Wellington, Sept 2 NZPA - Dairy commodity prices jumped nearly 17 percent overnight at Fonterra's online auction, with the average selling price for all contracts, across all product lines, rising to $US3562 a tonne.

Lower deposit guarantee hurt South Canterbury

Lower deposit guarantee hurt South Canterbury
Wellington, Sept 2 NZPA - Wealthy investors pulling money out of South Canterbury Finance (SCF) to get below new limits for the Government's deposit guarantee scheme appear to have compounded the woes of the Timaru-based finance company.

Hubbard daughter 'grateful' investors covered

Hubbard daughter 'grateful' investors covered
Wellington, Sept 2 NZPA - The daughter of beleaguered South Island financier Allan Hubbard says she is "grateful" people will get their money back through the Crown deposit guarantee.

Dairy price rebound at online auction

Dairy price rebound at online auction
Wellington, Sept 2 NZPA - Dairy prices rebounded at Fonterra's latest online dairy product auction overnight, after falling for four consecutive months.

Consequences of guarantee and SCF collapse debated

Consequences of guarantee and SCF collapse debated
Wellington, Sept 1 NZPA - The focus turned today to who will buy the assets of South Canterbury Finance and the unintended consequences of the Retail Deposit Guarantee Scheme.

New-look company puts best foot forward

New-look company puts best foot forward
By Chris Barclay of NZPA Sydney, Sept 1 NZPA - New Zealand women's shoe manufacturer Kumfs today unveiled ambitious plans to gain a stronger foothold in the Australian -- and global -- market under the new brand Ziera.

About 100 staff lose jobs at troubled Auckland hotel

About 100 staff lose jobs at troubled Auckland hotel
Wellington, Sept 1 NZPA - About 100 staff at the Westin Auckland Lighter Quay hotel are losing their jobs as most rooms there are shut down.

Air NZ most reputable among business leaders

Air NZ most reputable among business leaders
Wellington, Sept 1 NZPA - Business leaders have rated Air New Zealand this country's most reputable organisation.

APN to publish New Idea, That's Life and Girlfriend in NZ

APN to publish New Idea, That's Life and Girlfriend in NZ
Wellington, Sept 1 NZPA - Australian-based APN News & Media Ltd has acquired a licence to publish weekly magazines, New Idea and That's Life, and the monthly title, Girlfriend in New Zealand.

Regulator appeal rejected on Telecom 0867 package

Wellington, Sept 1 NZPA - The Supreme Court has unanimously rejected a Commerce Commission appeal over Telecom's introduction of the 0867 dial-up prefix in 1999.

Kiwibank finds new boss inside own ranks

Kiwibank finds new boss inside own ranks
Wellington, Sept 1 NZPA - The new boss of Kiwibank has been found within the state-owned company's own ranks.

Northern milkflows to be lower than expected - Fonterra

Northern milkflows to be lower than expected - Fonterra
Wellington, Aug 31 NZPA - Fonterra chief executive Andrew Ferrier says the company is feeling "reasonably constructive" about dairy prices, and was "quite optimistic" about consumer demand around the world.

HBS shareholders approve merger with SBS

HBS shareholders approve merger with SBS
Wellington, Aug 31 NZPA - HBS Building Society has received shareholder approval for its proposed merger with SBS Bank, the former Southland Building Society.

Air NZ increases domestic seats

Air NZ increases domestic seats
Wellington, Aug 31 NZPA - Travellers between Tauranga and Christchurch, and between Invercargill and Wellington, are the big winners in Air New Zealand's latest boost to domestic capacity.

Seasonal finance essential for farms after SCF receivership

Seasonal finance essential for farms after SCF receivership
Wellington, Aug 31 NZPA - Seasonal finance is the biggest issue for farmers following the announcement that a significant rural lender South Canterbury Finance (SCF) has gone into receivership, Federated Farmers says.

Treasury pay $1.6 billion to SCF

Treasury pay $1.6 billion to SCF
Wellington, Aug 31 NZPA - Treasury has already paid the South Canterbury Finance trustees $1.6 billion in a taxpayer bail-out of the beleaguered company, which has gone into receivership.

Jenny Fagg steps down as ANZ National boss

Jenny Fagg steps down as ANZ National boss
Wellington, Aug 31 NZPA - Jenny Fagg is to step down as chief executive of ANZ National Bank in New Zealand, and will undergo treatment for cancer.

Receivers McGrathNicol appointed to SCF

Wellington, Aug 31 NZPA - Receivers have been called in to South Canterbury Finance (SCF), with Trustees Executors Limited appointing Kerryn Downey and William Black of McGrathNicol. SCF today said it has been unable to complete a recapitalisation and restructure.

Mighty River earnings fall after severe drought

Mighty River earnings fall after severe drought
Wellington, Aug 31 NZPA - Mighty River Power's full year revenue and profit dropped after severe drought hit its Waikato hydro system when spot prices were at their highest.

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