Silver Fern farmers vote for merger

By MARTA STEEMAN - The Press | 01:22PM

Silver Fern Farms farmer-suppliers have voted to sell half the meat company to PGG Wrightson for $220 million.

NZX 50 Index
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Investors say yes to new OPI deal

By DAVID HARGREAVES and KRIS HALL - BusinessDay.co.nz | 01:35PM

Investors in failed finance company OPI Pacific Finance today voted to enter into a new arrangement with its parent company Octaviar that could see the investors eventually presented with a cash offer of up to 22.5 cents in the dollar for monies owed.

Oil surges on hurricane threat

Reuters | 02:00PM

Oil jumped than US$2 to near US$109 a barrel on Monday, rebounding from a five-month low on worries that Hurricane Ike would tear through the Gulf of Mexico, and on hopes that a US bailout of its top mortgage lenders would help temper an economic downturn.

Origin-Conoco in LNG venture

Reuters

Australia's Origin Energy, owner of 51 per cent of Contact Energy, and currently fending off an A$13.6 billion hostile bid from Britain's BG Group, has selected US energy firm ConocoPhillips as a venture partner to monetise its coal seam gas assets through a liquefied natural gas (LNG) project.

Fannie, Freddie news boosts greenback vs yen

Reuters

The US dollar fell against the euro but climbed on a sliding yen on Monday after the US government seized control of mortgage companies Fannie Mae and Freddie Mac to shore up the US housing market and protect against more global financial turbulence.

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Market Snapshot


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Market Announcements »

SAM Salvus Strategic Investments Limited 2:30 pm
NTA as at 5/9/2008
IMP ING Medical Properties Trust 2:29 pm
Allotment Notice
HFL Henderson Far East Income Limited 2:00 pm
Net Asset Value
PEO People Telecom Limited 1:41 pm
People Telecom Signs Telstra Wholesale Mobile Agreement
TEL Telecom Corporation of New Zealand... 1:39 pm
Kevin Roberts - Director independence determination
NPX Nuplex Industries Limited 1:38 pm
Relevant Interest Disclosures
PGW PGG Wrightson Limited 1:32 pm
PGW - Farmers Vote for Change
PGW PGG Wrightson Limited 1:13 pm
Silver Fern Farms shareholders say 'yes'

Market Announcement headlines (real-time)
View more Market Announcements (20 minute delay)

Managed Funds »

Marlin boosted by Sciele stake sale

Offshore investment fund Marlin Global is set for a $1.8 million payday after agreeing to relinquish its 3 per cent stake in American takeover target Sciele Pharmaceuticals.

Simple way to select scheme

KiwiSaver boosts AMP

ING to unfreeze two funds

Economy »

Residential building work falls 7 pc

The volume of residential building work put in place fell a seasonally adjusted 7.3 percent in the June quarter, Statistics New Zealand (SNZ) said today.

Cunliffe asks for new roaming investigation

Interest rate cut looks set

House prices still sliding

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