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PRESS DIGEST-New Zealand newspapers - Nov 11

Tue Nov 10, 2009 1:38pm EST

Stocks

   

WELLINGTON, Nov 11 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Wednesday.

Stories may be taken from either the paper or Internet editions of the papers.

Reuters has not verified these stories and does not vouch for their accuracy.

DOMINION POST(www.stuff.co.nz)

NZ warned over firm: The Overseas Investment Office was warned a year ago about a US investigation of SK Foods, a company linked to Cedenco Foods.

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Pay it back, Hone Harawira told: Embattled Maori Party MP Hone Harawira has been told to pay back some of the taxpayer money he spent on his Paris trip.

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Hanover reduces payment: Troubled lender Hanover Finance has told its 17,000 investors they are unlikely to get all their money back.

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THL looks to World Cup boost:

International visitor numbers may be falling, but Tourism Holdings expects the Rugby World Cup in 2011 to drive revenue and investment back into the sector.

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NEW ZEALAND HERALD (www.nzherald.co.nz)

Hanover hits early snag in pay-back plan: Investors in Hanover Finance will not now get all their money back and are instead likely to receive 70c in the dollar over five years.

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Pressure still on leaders over Hone: Hone Harawira's apology has done little to relieve pressure on the Maori Party leadership to take a strong stance against him.

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Infratil takes NZ$54m hit on airport: Infratil (IFT.NZ) has lost about NZ$54 million on its investment in Auckland International Airport but will use funds from a sale of the stake to help the possible purchase of part of Shell's New Zealand assets.

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Aussies Kathmandu, Kiwis Kathmandon't: The vast majority of the retail offer of shares in Kathmandu has apparently gone to Australian investors, with little interest on this side of the Tasman.

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