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[sharechat] Daily ShareChat News Summary


From: "Ben Dutton" <bendutton@sharechat.co.nz>
Date: Fri, 1 Dec 2000 06:11:16 +1300


Hi everyone, here's the summary of the ShareChat News from yesterday.

If you'd like to receive notification of breaking news stories and features
from the ShareChat editorial team as soon as they're available, please
subscribe to the ShareChat News Alert Service, using the form at
http://www.sharechat.co.nz/newsalert.shtml.


Yesterday's ShareChat News:

Horizon Sales Ahead at Half-year

Electricity lines company Horizon Energy has made a $2.39 million tax paid
profit for the six months to the end of September.

http://www.sharechat.co.nz/articles/20001130-HEDhyr2001.shtml

**

Baycorp and AIA Shine in Merrill Lynch Study

Two New Zealand companies - Baycorp and Auckland International Airport -
have been named among the top Australasian companies with sustainable
competitive advantage by global financial advisor Merrill Lynch.

http://www.sharechat.co.nz/articles/20001130-BCHAIAmlstudy.shtml

**

RBD Acquisition Time Extended

Funds manager AMP is extending how long it will stay in the market to
increase its stake in fast-food company Restaurant Brands.

http://www.sharechat.co.nz/articles/20001130-RBDampextension.shtml

**

Frucor Fast-Tracks Aussie Distribution Network

Frucor says it will accelerate the development of its own distribution
network in Australian following the sale of a distribution partner there.

http://www.sharechat.co.nz/articles/20001130-FRUozdistn.shtml

**

Slowing Sales Trend for Bendon

Apparel manufacturer Bendon is forecasting a further sales slowdown after a
quieter than expected October and November but is advancing plans to launch
its products in the United Kingdom.

http://www.sharechat.co.nz/articles/20001130-BENhyr2001.shtml

**

Richmond Seeks Development Cash

Hastings-based meat processor Richmond is looking to raise up to $50 million
through a capital notes issue to help its seasonal debt structure and pay
for future development.

http://www.sharechat.co.nz/articles/20001130-RCDcapnotesissue.shtml

**

Air NZ Increases Transparency

Air New Zealand investors will be able to keep a closer eye on the airline's
performance after a decision by the company to publish operating statistics
on a regular basis.

http://www.sharechat.co.nz/articles/20001130-AIRVAAIRVBmoretransparency.shtml

**

Best Regards

The ShareChat Team



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