Guide2.co.nz - News Feed

Receivers appointed to Strategic Finance

Fri, 12 Mar 2010 19:18:00 +1300

Wellington, March 12 NZPA - Strategic Finance Ltd is in the hands of receivers, against the wishes of its board, which regards the move as destructive.

Fonterra cuts short its string cheese, 35 jobs

Fri, 12 Mar 2010 18:16:00 +1300

Wellington, March 12 NZPA - Fonterra says it is discussing with key customers its plans to stop making cheese at Longburn near Palmerston North, which will axe the jobs of 35 workers.

Residential property sales nearer to normal: REINZ

Fri, 12 Mar 2010 15:22:00 +1300

Wellington, March 12 NZPA - Residential property sales last month were closer to 2009 levels after in January reaching their lowest level in nearly two decades, Real Estate Institute of New Zealand (REINZ) figures show.

Warehouse lifts first half net profit 17 pct to $57.4m

Fri, 12 Mar 2010 14:46:00 +1300

Wellington, March 12 NZPA - Retailer The Warehouse Group reported adjusted half year net profit edging ahead of last year while overall sales slipped slightly, and is expecting only gradual improvements in its market.

Fonterra to close cheese plant at Longburn

Fri, 12 Mar 2010 13:28:00 +1300

Wellington, March 12 NZPA - Fonterra plans to stop making cheese at its Longburn plant near Palmerston North, and says other jobs at the site will only be available for 15 of the 35 people being laid off.

Warehouse to offer $100m in bonds

Fri, 12 Mar 2010 09:52:00 +1300

Wellington, March 12 NZPA - Retailer The Warehouse Group is looking to raise $100 million in a fixed rate bond offer, with the funds being used to reduce existing bank debt and to finance the planned construction of new and replacement stores.

Morgan, Tindall, Drury Are Part Of Pacific Fibre Vision

Thu, 11 Mar 2010 19:20:00 +1300

Wellington, March 11 NZPA - Businessmen Sam Morgan, Stephen Tindall and Rod Drury are part of "an early stage" venture to build a submarine fibre cable between Australia, New Zealand and the United States, with five times the capacity of the existing Southern Cross system.

Infratil To Build A New Zealand Business From Shell Assets

Thu, 11 Mar 2010 18:50:00 +1300

Wellington, March 11 NZPA - Infratil sees the Shell New Zealand assets it is currently negotiating to buy as an opportunity to create a substantial New Zealand business at a time of growing consumer preference for local companies.

Morgan, Tindall, Drury Are Part Of Pacific Fibre Vision

Thu, 11 Mar 2010 16:18:00 +1300

Wellington, March 11 NZPA - Businessmen Sam Morgan, Stephen Tindall and Rod Drury are part of "an early stage" venture to build a fibre cable between Australia, New Zealand and the United States, with five times the capacity of the existing Southern Cross system.

Reserve Bank Keeps On Same Track

Thu, 11 Mar 2010 16:16:00 +1300

Wellington, March 11 NZPA - The Reserve Bank left the official cash rate (OCR) unchanged at a record low 2.5 percent, but economists noted it is no longer "comfortable" with the inflation outlook.