Archive for December, 2010

Top of the South farmers resilient

Press Release – Federated Farmers

Top of the South farmers resilient but hoping for light rain to aid clean-up Read more »

Jeff Grant Challenged To Front Up With The Float Facts

Press Release – Wool Exporters Council

31 December 2010 Jeff Grant Challenged To Front Up With The Float Facts The chairman of Wool Partners Co-operative Jeff Grant has been challenged to come clean and provide an accurate update of how many growers have signed up for the $65 million capital … Read more »

Canterbury quake to cost reinsurers US$6B, says Flagstone

Article – BusinessDesk

Dec. 31 (BusinessDesk) – The 7.1 magnitude Canterbury earthquake is set to cost reinsurers as much as US$6 billion, with the third firm in two weeks upgrading its estimated loss. Read more »

MARKET CLOSE: NZ stocks fall in year-end flurry; banks fall

Article – BusinessDesk

Dec. 31 (BusinessDesk) – New Zealand shares fell, with stocks of Australian banks and Fletcher Building Ltd. ending the year lower. The benchmark NZX 50 Index rose 2% in 2010, recovering from a mid-year slump. Read more »

Xero says surge in stock reflects upbeat outlook

Article – BusinessDesk

Dec. 31 (BusinessDesk) – Xero Ltd., the accounting software company, says upbeat appraisals of the software sector’s outlook on a 56% surge in the stock price this month. Read more »

NZ exporters may get little respite from high kiwi in 2011

Article – BusinessDesk

Dec. 31 (BusinessDesk) – New Zealand exporters hoping for a significantly weaker currency may not get respite in 2011, with the kiwi dollar unlikely to shed much, if any, of this year’s 6.7% gain, analysts say. Read more »

IG Markets: Morning Prices

Press Release – IG Markets

In the US overnight, traders shrugged off strong economic data releases and light volumes to engage in a bit of profit taking, looking lock in some of the huge gains seen in December. For the month, the Dow Jones is up 5.3% while the S&P 500 and … Read more »

NIWA: New Year survey marks 20th anniversary of Chatham Rise

Press Release – NIWA

On New Year’s Day, NIWA’s research vessel Tangaroa departs for its first voyage, since its recent $20 million dollar upgrade, making its twentieth consecutive trip to the Chatham Rise to study the abundance of important fish species. Read more »

Stocks to watch: ALF, FPH, GPG, HGD, NZO, SKL

Article – BusinessDesk

Dec. 31 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. Read more »

NZ dollar climbs above 77 cts, fourth-best performer in 2010

Article – BusinessDesk

Dec. 31 (BusinessDesk) – The New Zealand dollar climbed above 77 U.S. cents for the first time since November as strong commodity prices underpinned support for riskier, or higher-yielding, assets, leaving the kiwi poised to be the fourth-best … Read more »

While you were sleeping: Recovery trend intact

Article – Businesswire

(BusinessDesk) December 31 – The calendar may flip a page but the outlook set in the second half of 2010 seems likely to extend well into the New Year. Read more »

MARKET CLOSE: NZ shares rise; NZOG catches commodity wave

Article – BusinessDesk

Dec. 30 (BusinessDesk) – New Zealand shares rose in low-paced holiday trading. New Zealand Oil & Gas climbed 2.5%, its third daily gain, as commodity prices firmed. Read more »

IG Markets, Afternoon Thoughts

Press Release – IG Markets

Across Asia, regional markets are mostly lower despite the firmer leads from Wall Street. The Nikkei 225 and Shanghai Composite are the worst performers, both down 0.7% as the Japanese yen rose to a seven-week high against the US dollar. Elsewhere, … Read more »

Survey Indicates Wool Partners Co-Operative Float Is Sinking

Press Release – Wool Exporters Council

Over 70 percent of wool growers will not be applying for shares in the Wool Partners Co-operative float, according to an independent survey by Horizon Research that was commissioned by the New Zealand Council of Wool Exporters. Read more »

Union fireworks at SkyCity on New Year’s Day

Press Release – Unite Union

Union fireworks at SkyCity on New Year’s Day SkyCity Casino in Auckland will be the scene of union organized action on January 1 starting immediately after the traditional fireworks display. Unite and the Service and Food Workers Union are organizing a … Read more »

Kiwi online dating takes off

Press Release – Findsomeone

Kiwi online dating takes off As the silly season for online dating takes off in New Zealand, those looking for love heading into New Year’s Eve are most likely to find brunettes aged between 25 and 34. Read more »

Brian lifts the bar on Brockworth Place

Press Release – Braziers

The Aussie bloke in paint splattered old gear and dust in the short cropped hair, the one with a dimples and a strapped cracked finger, who has been working every day for months on site as 27 Brockworth Pace has undergone a complete transformation … Read more »

LanzaTech caps huge year with prestigious award

Press Release – LanzaTech

LanzaTech caps huge year with prestigious award Auckland, New Zealand December 30 2010: LanzaTech, a clean energy company that had its roots in a small New Zealand laboratory five years ago, is on the top of the biofuels world after winning a prestigious … Read more »

IG Markets: Morning Report

Press Release – IG Markets

In the US overnight, stocks continued their push higher, closing the session modestly firmer and at new highs, seemingly ignoring the complete lack of volume. In fact, it’s less than half of what is normally transacted. Read more »

Police warn about EFTPOS card skimming scam

Press Release – New Zealand Police

Police in Kerikeri are warning of a sophisticated EFTPOS card skimming scam which may have been used elsewhere in the country. Read more »

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