![Chorus signs up $1.35b bank funding line](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Chorus signs up $1.35b bank funding line
Chorus, now officially demerged from Telecom, has just secured a $1.35b bank facility. Photo / Supplied
Chorus, now officially demerged from Telecom, has just secured a $1.35b bank facility. Photo / Supplied
Italy found buyers for its debt but had to pay a premium, underpinning the sense of urgency for European Union leaders to contain the debt crisis.
Cerebos Pacific says it may "just walk away'' from its takeover bid for New Zealand-listed honey company Comvita.|
Methven, the tapware and bath fittings maker, posted a 25 per cent slump in first-half profit, blaming a sharp downturn in Australian activity.
Investors overnight welcomed renewed efforts by European Union leaders to check the escalation of the sovereign debt crisis.
Trading in NZX dairy futures passed the 10,000-lot mark today for the first time. NZX says this milestone means the market is well on the way towards reaching critical mass.
Air New Zealand, wants to lift annual profit by $110 million by 2015 and is picking a better performance than the latest earnings performance.
F & P & Appliances shares have plunged after the whiteware maker slashed net profit to $980,000 in the six months to September 30.
Equities declined on world sharemarkets overnight after a downward revision to the pace of US economic expansion.
The directors of failed carpet maker Feltex Carpets and brokerages involved in the initial public float have lost their bid to shift a class suit to Auckland.
Cerebos' $71.6 million bid to buy Comvita undervalues the local honey maker by as much as 38 per cent, according to the independent adviser's report.
Stocks on both sides of the Atlantic fell overnight amid expectations that lawmakers' talks on cutting the US budget deficit are set to fail.