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| From: | Will Bryant <will@sharechat.co.nz> |
| Date: | Sat, 18 May 2002 14:15:15 +1200 |
Hi everyone, a selection of articles from this week's NBR are online now. This week: ------------------------------------------------------------------------ Cullen's wealth tax puts damper on Kiwi investment overseas Tax changes likely to be signalled in next week's Budget could make leveraged investments far less attractive to New Zealanders investing overseas http://www.sharechat.co.nz/features/nbr/article.php/33dc6cb3 ------------------------------------------------------------------------ Biotech plans get state go-ahead The biotech vision of Dunedin entrepreneur Howard Paterson came a step closer this week with the announcement the NZ Biotech Fund No 1 had been selected to start a government-backed venture capital seed fund http://www.sharechat.co.nz/features/nbr/article.php/c8404905 ------------------------------------------------------------------------ AGC buy puts GE's big footprint on Kiwi market With the $A1.65 billion acquisition of Australasian finance company AGC, US giant GE Capital now has the critical mass to build a major presence in New Zealand http://www.sharechat.co.nz/features/nbr/article.php/4c3d12c2 ------------------------------------------------------------------------ Kiwi company offers Breath of Life to world's heart victims A small business on Auckland's North Shore is poised to launch its simple family- developed invention on to the world medical markets in a move potentially worth hundreds of millions of dollars http://www.sharechat.co.nz/features/nbr/article.php/5aa99b65 ------------------------------------------------------------------------ Writing the reality cheque Dunedin punches above its weight in business terms http://www.sharechat.co.nz/features/nbr/article.php/86286f89 ------------------------------------------------------------------------ Secret new format irons out glitches in Botry-Zen spray New Botry-Zen chief executive John Scandrett says the company has successfully developed a "new format" of its grape-rot product http://www.sharechat.co.nz/features/nbr/article.php/0aab24e3 ------------------------------------------------------------------------ Aussie banks want to cut costs but customers just want good service The three Australian-based banks that have most of New Zealand's banking business expressed again their fetish about lowering cost/income ratios http://www.sharechat.co.nz/features/nbr/article.php/272db72c ------------------------------------------------------------------------ Why not just merge CDL Hotels with its two subsidiaries Why have one listed company when you can have three? http://www.sharechat.co.nz/features/nbr/article.php/018908d5 ------------------------------------------------------------------------ Fonterra picks an early recovery from its $1.3 billion price plunge The "unprecedented" plunge in commodity prices would take $1.3 billion out of dairy farmers' pockets in 2002/03, Fonterra chief executive Craig Norgate said this week http://www.sharechat.co.nz/features/nbr/article.php/cabefcf6 ------------------------------------------------------------------------ Global housing boom about to bust may affect Kiwi elections Whether 2003 will be the year of the bull market's return to equities has been something of a pre-occupation among analysts this year http://www.sharechat.co.nz/features/nbr/article.php/3d4f37a7 ------------------------------------------------------------------------ Focus shift boosts Lion Nathan profit Lion Nathan chief executive Gordon Cairns yesterday confirmed the brewer was on track to achieve double-digit full-year earnings growth as he announced a $A100.1 million ($120 million) net profit for the March first half http://www.sharechat.co.nz/features/nbr/article.php/f1b3bf97 ------------------------------------------------------------------------ Hard tasks ahead for bright new Stock Exchange chief executive New Zealand Stock Exchange chief executive designate Mark Weldon will face intriguing challenges when he assumes administrative control on June 4 http://www.sharechat.co.nz/features/nbr/article.php/a578f127 ------------------------------------------------------------------------ IRD seeking winding-up order for Harts Inland Revenue is seeking a High Court liquidation order for Harts Contributory Mortgages over an alleged $600,000 debt http://www.sharechat.co.nz/features/nbr/article.php/eb2742f5 ------------------------------------------------------------------------ Around the traps National Property Trust's surprise offer for Newmarket Property Trust units looks set to stymie Symphony Group's recent bid http://www.sharechat.co.nz/features/nbr/article.php/3db7e6e8 ------------------------------------------------------------------------ Calan exits aged care, focuses on new hospital Calan Healthcare Properties Trust says it is moving out of aged care in favour of the medical and surgical sector because there has been no growth in fees to aged-care providers http://www.sharechat.co.nz/features/nbr/article.php/3545dc71 ------------------------------------------------------------------------ The Warehouse builds $18m mega distribution store The Warehouse founder, Stephen Tindall, turned over the first sods for construction of an $18.5 million distribution facility with the help of 20-tonne digger at a ceremony near Christchurch this week http://www.sharechat.co.nz/features/nbr/article.php/fd8174b2 ------------------------------------------------------------------------ Trans Tasman sells buildings to free up $80m for development Trans Tasman Properties has sold more properties in Wellington and Christchurch as it frees up cash for new developments on sites such as the Auckland's Viaduct Basin area http://www.sharechat.co.nz/features/nbr/article.php/e17ea71d ------------------------------------------------------------------------ Meridian dangles an irrigation sweetener Meridian Energy is offering to fund a large part of an irrigation scheme on the Lower Waitaki River as part of its $1 billion Project Aqua hydro-electric generation proposal http://www.sharechat.co.nz/features/nbr/article.php/dc4ab78d ------------------------------------------------------------------------ Takeovers Panel enters the Otago Power fray The Takeovers Panel meets today to decide what action to take over possible breaches of the Takeovers Code by both rival bidders for Otago Power http://www.sharechat.co.nz/features/nbr/article.php/007d77fd ------------------------------------------------------------------------ St John the Diviner calls airport sale decision Auckland International Airport chief executive John Goulter is a man for whom our new Aussie-style continuous disclosure regime will hold no terrors http://www.sharechat.co.nz/features/nbr/article.php/d6678c2a _______________________________________________________________________ Will Bryant ShareChat technical manager will@sharechat.co.nz http://www.sharechat.co.nz/ ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
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