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Friday, 12 Oct 2007

Feltex Carpets key data withheld

By MARTA STEEMAN - The Press

The Securities Commission has found that the directors of Feltex failed to reveal key information about changes to its banking agreement with ANZ that would have affected the share price in late 2005 a year before it collapsed.

Financier puts 92 flats on mortgagee market

Stuff.co.nz | 07:35am

The finance firm Hanover has asked for a mortgageee sale of 92 flats in an Auckland apartment block, adding more woes to the inner-city property market.

Telecom confirms $390m deal

By JON HOYLE - The Dominion Post

Hutchison Telecoms Australia has agreed to sell stock worth A$330.6 million (NZ$394 million) to Telecom subsidiary Telecom 3G.

Tourists migrate south for winter

By NICK CHURCHOUSE - The Dominion Post

The South Island proved popular this spring, with visitor nights up 10 per cent for August, despite a mild ski season.

Opinion

Some breathing space could help

By DAVID HARGREAVES - The Dominion Post

This is starting to feel a bit like that "phony war" period; the time when nothing appears to be happening but everyone knows something will happen – they just don't know quite what and when.

Opus IPO seems good despite low liquidity

Forget age-old advice and go for stock

Fewer listings as demand for shares set to accelerate

International

US markets hit all-time highs

Reuters | 07:55am

On Wall Street stocks gained, with the Dow and S&P; 500 hitting record highs after Wal-Mart increased its profit outlook, lifting optimism about earnings.

Boeing delays first 787 Dreamliner

Aust home loans plummet as housing moves out of reach

EU raids freight firms in suspected cartel

Features

Big is beautiful when it's property

The Dominion Post

From hair to high-rise, Steve Petherick has made a pile, Colin Patterson writes.

Lonely Planet embarks on new journey

Myanmar's window to the world

It's the golden age of prosperity

Independent Financial Review

Board showdown for airport

By DENISE MCNABB - Independent Financial Review

A showdown is looming at Auckland International Airport's annual meeting on November 20 when at least three new nominations will be put forward in an attempt to break up the incumbent board.

Hong Kong port approach revealed

Macquarie Bank distances itself from Blue Chip spiel

Stock market

Oct 12 - Close: NZ Shares inch higher despite weaker telecom

NZPA

The sharemarket posted a small gain today, having lost ground in a series of small declines this week in contrast to record-breaking markets in Australia and the United States.

Oct 11 - Open: Market down for fourth day this week

Oct 10 - Close: Sky city, Aia ease on flat market

Oct 10 - Open: Market firms in early trading

KiwiSaver

KiwiSaver uptake about 130,000, Cullen says

NZPA

About 130,000 people have so far enrolled for the KiwiSaver scheme, Finance Minister Michael Cullen told Parliament today.

How to set KiwiSaver credit clock ticking

KiwiSaver brings out creative savers

Employers 'ambushed' over KiwiSaver

Biz Diary

NZX Weekly Diary Dates

Content supplied by www.goodreturns.co.nz

Monday, 8 October 2007 to Monday, 15 October 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

Weekly Home Loan Report: 1-7 October 2007

Content supplied by www.goodreturns.co.nz

There have been further cuts to fixed rates over terms of two to five years from some finance companies and non bank lenders over the past week but some one-year rates have increased. The major banks, however, are maintaining identical rates over all terms.

Weekly Home Loan Report: 1-7 October, 2007

Top broker named

NZMBA introduces disclosure documents

SuperTalk

Cullen Fund again outperforms

Content supplied by

The New Zealand Superannuation Fund has produced a net return of 14.58% in the latest financial year.

GSF returns up but tax bites harder

KiwiSaver default funds should be balanced: ANZ

People on the move

Two new appointments to First NZ Capital Investment Management

Content supplied by www.goodreturns.co.nz

First NZ Capital Investment Management has made two senior appointments as it boosts its retail presence and enters the KiwiSaver space

Macquarie Private Wealth adds to its Auckland Retail Advisory team

3 new senior appointments for Mercer

CARYS MONTEATH/The Press

COME FLY WITH ME: Pacific Simulators International's co-directors Steve Clarke, Russell Hubber and Mike Pero. Ocean Partners, a Christchurch investment bank, has purchased 50 per cent of Pacific Simulators.
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Motoring

China e-bikes silently drive lead demand

As the red light changes, Han Zhang turns the handlebar of his battery-driven bike, pushes off with his foot, and whirrs silently along a Beijing boulevard.

Technology

Open borders for virtual worlds

IBM and Linden Labs, the operator of the Second Life virtual world, will work on ways to eventually let people use a single online persona in different online services.

International

Mattel sued by shareholder over toy defects

A lawsuit filed by a Mattel shareholder contends the world's largest toymaker misled investors by failing to report serious defects in its toys.

Features

A way through the investment maze

Trying to decide how and in what to invest can be extremely daunting.

Rural

Fed Farmers battles falling membership

Federated Farmers is out to get new members. Its numbers have fallen from 18,000 a couple of years ago, to just over 15,000 in August.

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