Markets
Kiwi at 6 year low
November 21 – Close: As recession fears shook world markets the New Zealand dollar sank to six-year lows.
NZ shares down 2.5 pc
November 21 – Close: The New Zealand sharemarket was down sharply after equities plunged in the United States as the price of oil fell and worries about the prospects for an automakers' bailout increased.
Rakon downsizes Auckland manufacturing
Technology company Rakon says approximately 45 staff from its Auckland manufacturing operation will be affected by the company's move to "streamline" operations amid tough times.
Air NZ cautions Aussie watchdog
Air NZ says the Australian Competition & Consumer Commission (ACCC) must demonstrate consistency when making its final ruling on the airline's application for a Cooperation Agreement with Air Canada.
Ryman realised profits up 10pc
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.
NZ shares continue slide
November 21 – Open: 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.
Tax credits boost Tower
A $2 million tax credit has enabled insurer Tower to report a 17 per cent increase in after-tax profit to $40.5 million for the year to September.
De-listing of Lyttelton no sure thing
Lyttelton Port Company Chairman Rodger Fisher says that while the 22 percent premium being offered for the port's shares in the stand in the market was gratifying, the port had not taken any steps towards a delisting.
Claims mount up against Telecom
A Hong-Kong-listed telecommunications firm is suing Telecom for US$17 million (NZ$30m) over issues relating to its audio text business.
Mainfreight profit up 10pc
Mainfreight posted a 10 percent rise in interim profit and hiked its dividend as acquisitions and falling fuel prices boost the freight group's bottom line.
Sponsored Links
Recent Headlines
- Kiwi drops below US53c
- NZ shares end 2.3 pc lower
- NZ dollar hovers near 3-week lows
- Sealegs seeks cash
- Watchdog rejects Air NZ, Air Canada pact
- NZ shares avoid regional carnage
- Goodman Fielder sees lower profit
- NZ shares follow Wall St woes
- Taylors Group optimistic
- F&P Health profit up 51pc
- Kiwi still under US 55 cents
- Fyfe: More jobs could be cut
- Moderate day for market
- Kiwi dollar weakens
- Air NZ to cut 200 jobs
- Lower dollar boosts Seeka profit
- B&B will become 'specialist business'
- Finzsoft profit down in first half
- High demand for PGW bonds
