Newstalk ZB
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Closing financial markets
On the markets, the NZX 50 has closed down 33 points to 3254.AMP down 60c to $ 8.50, ANZ down $1.94 to $ 23.01, Air New Zealand down 4c to $1.24, Contact down 35c to $8.12, F&P Healthcare down...
Newstalk ZB. - Friday July 25, 05:50 PM -
Key's fortune "a speculative punt"
John Key is refusing to discuss his inclusion in this year's NBR Rich List.National's leader placed 167th equal on the list, with an estimated worth of $50 million. It is the first time Mr Key has...
Newstalk ZB. - Friday July 25, 05:11 PM -
Widespread fuel price drops
Oil companies have further reduced petrol prices.Both diesel and petrol are down 4c a litre.Shell led the charge, followed by BP and Mobil.It takes 91 grade petrol to $2.06.9 and diesel to $1.83.9...
Newstalk ZB. - Friday July 25, 01:17 PM -
Financial markets
To the markets where the NZX 50 is down 23 points to 3264.Telecom is down 2 cents to $3.45 and Fletcher Building is down 16 to $6.75. AMP is down 10 to $9.00, Air New Zealand is down 4 to $1.24,...
Newstalk ZB. - Friday July 25, 11:46 AM -
Further fuel price drop
A little more relief for cash-strapped motorists.Shell is leading the charge - shaving another 4c a litre off its fuel.It takes 91 grade petrol to $2.06.9 per litre and diesel to $1.83.9 per litre. ...
Newstalk ZB. - Friday July 25, 10:44 AM -
ASB says offshore conditions allowed drop
The ASB bank says its lower reliance on offshore funding compared to other banks has allowed it to drop one of its interest rates earlier.The bank has dropped its two-year fixed home lending rate by...
Newstalk ZB. - Friday July 25, 07:51 AM -
Warning over celebrity finance endorsements
There is a warning to Mum and Dad investors to do their homework on finance companies, and not be blinded by celebrity endorsements.Former TV One newsreader Richard Long was the voice of Hanover...
Newstalk ZB. - Friday July 25, 07:29 AM -
10,000 Feltex shareholders go to court
A group of about 10,000 Feltex shareholders will band together on Monday to take their claim against Feltex directors to the High Court at Christchurch.The Feltex public share float was worth $254...
Newstalk ZB. - Friday July 25, 05:26 AM -
Annual rich list released
Graeme Hart is still the richest man in the country.The National Business Review has released its annual Rich List, and despite global financial downturn, the overall wealth of the list is up by...
Newstalk ZB. - Friday July 25, 04:44 AM -
Other banks to follow ASB lead today?
All eyes will be on the major banks this morning to see if they follow the ASB's lead in lowering their home loan lending rates.The Reserve Bank yesterday dropped the Official Cash Rate by 0.25% to...
Newstalk ZB. - Friday July 25, 04:43 AM -
ASB drops interest rates
ASB Bank has reduced interest rates, following this morning's reduction in the Official Cash Rate.The Reserve Bank dropped the OCR by a quarter of a percent to eight percent.ASB has now dropped its...
Newstalk ZB. - Thursday July 24, 06:10 PM -
Commerce Commission investigating Hanover
The Commerce Commission has launched an investigation into troubled finance company Hanover Finance.The company has frozen repayments to 16,500 investors who are owed more than half a billion...
Newstalk ZB. - Thursday July 24, 02:01 PM -
Lion Nathan update positive
Lion Nathan has posted a positive update for the June quarter.The liquor company says revenue is up around 7 percent over the past 9 months. Beer sales in New Zealand alone have risen almost 2...
Newstalk ZB. - Thursday July 24, 11:47 AM -
Mixed reaction to OCR cut to 8%
There has been a mixed reaction to news Reserve Bank Governor Alan Bollard has cut the Official Cash Rate to 8 percent.Macquarie Private Wealth's Kerry Porter says it is significant news for...
Newstalk ZB. - Thursday July 24, 11:44 AM -
40 hour working week "a myth"
The 40 hour working week is a myth for more than 400,000 New Zealand workers.Research released by the Department of Labour today shows more than a third of the full-time workforce say they work 50...
Newstalk ZB. - Thursday July 24, 11:31 AM
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