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General

NZX trade delayed by technical problems

WITH AAP  |  TUESDAY, 23 SEP 2003
Trading on the New Zealand sharemarket was disrupted by computer problems this morning for the second time in little over a month...

NAB to issue STG400 million Tier-1 capital

National Australia Bank Ltd (NAB) said today that it would soon issue STG400 million ($A972.8 million) in Tier One trust Preferred Securities...

S&P reduces Carter Holt rating to A-3

WITH AAP  |  TUESDAY, 23 SEP 2003
Standard & Poor's has reduced New Zealand's second largest listed company's short-term credit and commercial paper rating from A-2 to A-3...

David Jones expects profit in 2003/04 after announcing net loss

Upmarket retailer David Jones Ltd today said it expects its 2003/04 profit (after tax) to be between $52 million and $56 million...

Morning market wrap: US stocks trail lower overnight

The Dow Jones index and Nasdaq trailed lower in trading yesterday, with both indices losing over one per cent in value...

Afternoon market wrap: Australian shares offer mixed performances

The Australian share market finished lower today in the wake of a fall in the US market overnight but offered few discernable trends...

ASIC releases new policy on takeover relief

ASIC today released an expanded policy on takeover relief designed to give bidders, targets and holders certainty in complying with the Corporations Act...

Promina Group on track to meet profit forecast

Promina Group Ltd chief executive Mike Wilkins today said the general insurer was on track to meet its prospectus forecast...

OECD urges governments to improve job opportunities to the marginalised

The Organisation for Economic Cooperation and Development (OECD) has said that governments must do more to improve the job opportunities...

IOOF financials show strong growth ahead of ASX listing

IOOF has announced significant growth in after-tax profits, up  53 per cent to $34 million in the 12 months to 30 June 2003, compared to $16 million in the corresponding period last year.