Wednesday, 12 Dec 2007

Woolworths in new talks with Warehouse

Australian grocery chain Woolworths has had fresh talks with The Warehouse Group about a possible takeover offer, a source familiar with the situation said.

Bad publicity rains on Diligent's parade

NZPA | 04:37PM

Diligent Board Member Services founder Brian Henry admitted his failure to be open about his past and that of his convicted fraudster brother, Gerald, "rained on his parade" at the company's public listing today.

Abano says other bidders in the wings

NZPA

Abano chairwoman Alison Paterson said that other parties were continuing to express interest in the company and further alternative proposals may emerge.

Wages could be driving people to Aust

A government report has confirmed the wage gap between New Zealand and Australia has widened and it may be driving people across the Tasman.

Opinion

Kiwi investors offered a slice of PIE

By BRUCE McKAY - The Dominion Post

Barclays Capital and Macquarie New Zealand have launched a new fund which promises to offer lower risk foreign investment with the tax advantages of being a PIE (portfolio investment entity).

Do yourself a favour - join KiwiSaver

Methven's revenue stream

Emission critical

International

GE sees '08 profit up 'at least' 10 pc

Reuters

General Electric expects its profit to rise "at least" 10 per cent in 2008, led by gains in its infrastructure business, even with a slowing US economy, Chairman and Chief Executive Jeff Immelt said on Tuesday.

Fed cuts key interest rate

Citigroup names CEO, Chairman

Oil rises as ice, fog slow US crude flows

Features

A short hop from the top spot

The Dominion Post

For now, Air NZ's shorthaul airlines boss is happy where he is. He talks to Roeland van den Bergh.

Gold bricks mortaring ahead

Rio backs itself to up the ante

Secret to eternal wealth lies within us

Independent Financial Review

Timberlands may face chop

TIM DONOGHUE - Independent Financial Review

State-owned enterprise Timberlands West Coast Limited may quit its business after continued losses and government bailouts.

Passport to riches for Internal Affairs

Hanover property loans rolled over

Currency

Dec 13 - Close: NZD hit by renewed weakness in equities markets

NZPA

The New Zealand dollar dived nearly a cent today after the US Federal Reserve lowered interest rates less than many in the market had hoped, putting the heat back on risk assets like the kiwi.

Dec 12 - Open: Dollar plunges after US interest rate decision

Dec 11 - Close: NZD powers to 5 month high

Dec 11 - Open: NZD firms against greenback as US interest rate fall due

Stock market

Dec 12 - Open: Index falls below 4000 for first time in 4 months

NZPA

New Zealand's main share index fell below 4000 for the first time in four months today after Wall Street fell heavily on a less aggressive than expected rate cut by the US Federal Reserve.

Dec 11 - Close: Market losses pile up despite Telecom's gain

Dec 11 - Open: Wall street fails to spark NZ sharemarket

Dec 10 - Close: Sharemarket loses gains

KiwiSaver

Do yourself a favour - join KiwiSaver

By MARY HOLM - The Dominion Post

A reader protests that, despite my suggestion that everyone under 65 should sign up to KiwiSaver, "reality has it that not many of us can afford it".

KiwiSaver uptake about 130,000, Cullen says

How to set KiwiSaver credit clock ticking

Biz Diary

NZX Weekly Diary Dates

Content supplied by www.goodreturns.co.nz

Monday, 10 December 2007 to Monday, 17 December 2007.

Personal Finance

Take the pulse of your personal finances with Sort Me

Content supplied by Sorted.org.nz

If you've always wanted to get a better handle on your personal finances but don't know where to start, help is at hand.

Investing Made Simple

School Holidays - the perfect time to teach kids about money

Time to crack open your nest egg?

Mortgage News

ANZ National Bank increase market share

Content supplied by www.goodreturns.co.nz - Stuff.Co.Nz

ANZ/National Bank increased its share of the mortgage market in the September quarter, the first quarter it hasn't lost market share since the June 2006 quarter.

Some relief on 2yr rates

The only way is up

SuperTalk

KiwiSaver numbers surge past 300,000

Content supplied by www.goodreturns.co.nz - Stuff.Co.Nz

The number of people joining KiwiSaver continues to defy initial expectations with over 316,000 New Zealanders signing up in just the first five months, Finance Minister Michael Cullen and Revenue Minister Peter Dunne said today. 

Investment the key, says Cullen

Advisers swing KiwiSaver choices, survey finds

People on the move

Sovereign has announced three key changes to its marketing line-up.

Content supplied by www.goodreturns.co.nz

Scott Black, David Drillien & Linda Clark are all on the move within Sovereign.

Fairfax

VACANCY: There has been a fall in the number of nights guests stayed in short term accommodation in October compared to the same month last year, the first time the figure has declined in 15 months.
• Read more

International

AT&T; hikes dividend, share buybacks

US telco AT&T has announced a share buyback programme worth nearly $US16 billion ($NZ20.9 billion) at current prices and its biggest-ever dividend increase, sending shares of the top US phone company up as much as 7 per cent.

Rural

Deal signed for A2 milk in south

A battle for the hearts of milk drinkers has begun, with alternative A2 milk poised to flood supermarket shelves around the South Island.

Motoring

Toyota's 2008 Sequoia gets makeover

Following extensive research-otherwise known as 'Google' we've determined that the world's largest tree, according to the US National Park Service, is the General Sherman, a sequoia in California's Sequoia National Park.

Features

A short hop from the top spot

For now, Air NZ's shorthaul airlines boss is happy where he is. He talks to Roeland van den Bergh.

Technology

Google revamps NZ maps site

Google has relaunched its maps service in New Zealand, raising the stakes in an already crowded field.

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