14 August 2002 The Reserve Bank left the official cash rate unchanged at 5.75% today.The bank’s acting governor, Dr Rod Carr, said prospects for the international economy had become increasingly clouded since the bank’s May statement, “with sharp falls in equity markets and heightened investor nervousness in the US & elsewhere. Although the New Zealand […]
Archive - local business
Snapshot on local business, week to 8 September 2002
8 September 2002 The Takeovers Panel issued a restraining order on Friday to stop GPG Forests Ltd acquiring Rubicon Ltd shares through a partial takeover offer. The panel said it wasn’t satisfied GPG Forests’ offer would comply with the takeovers code because the code doesn’t permit offers to be made in the alternative. The order […]
Snapshot on local business, week to 10 June 2001
Latest: Forex eats F&P profit, Brandes lifts Telecom stake, Christchurch gondola sold, manufacturers switch from exporting, Britomart bus stops go walkabout, student loan figures, Tasman Agriculture deal goes through. 6 June 2001 Fisher & Paykel Industries Ltd increased its March-year operating surplus before unusuals and tax by 10.4% to $92.2 million on revenue up 13.6% […]
Snapshot on local business, week to 9 March 2003
9 March 2003 The Commerce Commission has cleared Southern Capital Ltd to acquire 100% of the shares in Hirepool Ltd from Owens Group Ltd. Hirepool has 22 branches in Auckland, the Waikato, Christchurch & Wellington. Southern Capital also owns half of Hire Equipment Group Ltd. 3 March 2003 Westpac Bank’s chief economist & head of […]
Snapshot on local business, week to 1 February 2004
30 January 2004 Kiwi Forests Group Ltd said today it couldn’t satisfy the financing condition to buy the Tarawera forestry right from Fletcher Challenge Forests Ltd for $165 million. However Kiwi, The Ontario Teachers’ Pension Plan and Viking Global NZ Ltd will proceed with the remaining $560 million-worth purchase of Fletcher’s forest estate. Fletcher will […]
Snapshot on local business, week to 24 December 2000
Latest: Jaffe’s Australian company wound up, F&P to split. 22 December 2000 Eric Isadore Jaffe’s Australian company, Industrial Banking Corporation Ltd, has been placed in liquidation on the application of the Australian Securities & Investments Commission — unexpectedly, because the commission had the application down for a hearing in February. The New Zealand assets are […]
