| 1 Apr 2011 | Dorchester Property Trust trading above budget
The Dorchester Property Trust is trading better than expected, thanks to above-budget performances from its Goldridge resort in Queenstown and its Parkview on Hagley hotel in Christchurch which was only slightly damaged by the earthquakes.
|
| 1 Apr 2011 | Fisher & Paykel Finance gets ratings news from S&P
Standard & Poor's has affirmed Fisher & Paykel Appliances' finance company's “BB” credit rating with a stable outlook.
|
| 4 Apr 2011 | SCF likely to cost an extra $331 mill
The government now expects its retail deposit guarantee scheme will cost it about $1.2 billion, up from its previous $900 million estimate, largely because of lower related party loan recoveries from the receivership of South Canterbury Finance.
|
| 6 Apr 2011 | Geneva gets an SD rating
Standard & Poor's has cut its ratings of Geneva Finance from “CC” to “SD,” or selective default, because of its debt-for-equity swap but is likely to upgrade the company again soon.
|
| 7 Apr 2011 | The mysterious case of the Allied Farmers' $7m guarantee which wasn't
Allied Farmers (ALF) is embroiled in yet another dispute over a former Hanover asset, this time over a $7 million guarantee it gave when it sold a Hanover loan in September last year but for which Allied still hasn't received payment.
|
| 8 Apr 2011 | S&P's view on Genesis's new bonds
Standard & Poor's has rated Genesis Energy's proposed 30-year capital bonds issue a “BB-” rating, three notches below what is usually regarded as investment grade.
|
| 11 Apr 2011 | Outlook bleak for Allied Farmers
Allied Farmers (ALF) is unlikely to be able to repay $7.5 million owed its former finance company by the July 1 due date but is hoping its improving rural business will allow it to avoid receivership.
|
| 13 Apr 2011 | SCF receivers sell major asset
South Canterbury Finance's (SCF) receivers have sold Helicopters New Zealand for about $160 million to Canadian Helicopters.
|
| 13 Apr 2011 | Opinion: Are Genesis Energy's capital bonds worth buying?
Jenny Ruth looks at the Genesis Energy bonds and compares them with other options available on the market.
|
| 15 Apr 2011 | SCF's "good bank" on the market
South Canterbury Finance's receivers say they hope to sell the company's “good bank” business by mid-year.
|
| 29 Apr 2011 | Alloway resigns as Allied Farmers director
Allied Farmers managing director Rob Alloway has resigned as a director of the company and all its subsidiaries with immediate effect but will remain chief executive until his contract expires on June 30.
|
| 29 Apr 2011 | Heartland gets the nod
The NZX listed Building Society Holdings is to be renamed Heartland New Zealand from June 1.
|
