Air NZ shares in trading halt
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Air NZ requested its shares be placed on the halt ahead of a High Court announcement on the airline&#39;s proposed tie-up with Qantas.
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The sale ends a four-year investment in New Zealand&#39;s national carrier, that has cost the Asian airline half a billion dollars.
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Kenya's stock exchange halts trade and the shilling falls back against the dollar as violence continues.
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The High Court at Auckland today ruled against the proposed tie-up of Air New Zealand and its Australian competitor Qantas. Air NZ and Qantas were appealing an earlier Commerce Commission ruling that blocked their proposed alliance.
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AUCKLAND: National flag carrier Air New Zealand said it had lost a court bid to win approval for an alliance with its Australian competitor Qantas.
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QANTAS Airways Ltd said today it has requested a trading halt be lifted immediately after British Airways completed the bookbuild process for the sale of its 18.
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Access Brokerage liquidators said today they had discovered a $5 million shortfall in the share trader&#39;s accounts and the Bank of New Zealand said it has frozen all accounts in the name of Access Brokerage Ltd, including trust accounts.
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SINGAPORE Airlines has quit its 6.3 per cent shareholding in Air New Zealand, signalling the end of its ambitious plan to use the airline as a platform for expansion into the Australian and New Zealand markets.
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Air New Zealand and Qantas will try to find new ways of working together to reduce costs, after the High Court upheld a Commerce Commission decision not to allow an alliance between the two.
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Japan&#39;s NEC Corp. said Wednesday that the New York-based Nasdaq stock exchange will suspend trading in its shares after it failed to meet a deadline to restate its past financial results.
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Shares in Qantas dip on worries that opposition from unions and government could block a possible takeover.
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Singapore Airlines, which splashed out $285 million on Air New Zealand shares four years ago, yesterday sold its stake in the national carrier for about $62 million.
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Eyetech Pharmaceuticals Inc. said that its Nasdaq-listed shares have been halted for trading on Friday while a Food and Drug Administration panel meets to review the company&#39;s application for
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SYDNEY: Shares in Australian grocery food chain Foodland Associated Ltd were placed in a trading halt on Monday after a takeover offer from Metcash Trading Ltd.
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WELLINGTON (Dow Jones)--Air New Zealand Ltd. (AIR.NZ) said Wednesday it expects to post a slight drop in profit in the current financial year, and that it hopes to raise NZ$186 million in a rights issue next month to fund investment in new aircraft.
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Shares of Air Canada AC.TO fell by  more than half on Wednesday, after the Toronto Stock Exchange  said it was reviewing the company's stock to determine if it  meets listing requirements.
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SYDNEY, Australia -- Australian authorities Tuesday approved a proposed alliance between Qantas and Air New Zealand - but the decision came too late for the airlines as the New Zealand High Court last month rejected the tie-up.