PRESS DIGEST-New Zealand newspapers - May 27
WELLINGTON, May 27 (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)
English dampens Budget hopes: Finance Minister Bill English is damping down expectations that there will be something in tomorrow's Budget for everyone, as the first National Budget in a decade rolls off the presses.
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NZ$1b Budget warmup: Close to a billion dollars is to be spent on insulating and heating homes with subsidies available to all Kiwis, no matter how much they earn.
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Out in the cold: A NZ$1 billion Queenstown hotel development employing about 500 tradesmen is in jeopardy after two companies linked to the project were put in receivership yesterday.
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F&P Healthcare (FPH.NZ) soars yet slumps: Despite a profit jump of 76 per cent framed by plans to tackle new markets and ramp up production to feed growing demand, Fisher & Paykel Healthcare stock took a hammering yesterday.
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NEW ZEALAND HERALD (www.nzherald.co.nz)
Fonterra payout tipped to fall below NZ$5: Fonterra's payout for the new season could slip below NZ$5 a kilogram of milk solids, analysts say.
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Whiteware's white knight sparks takeover talk: Fisher & Paykel Appliances (FPA.NZ) will reveal details this morning about its future ownership after two days of market speculation over the size of the stake its likely suitor will take.
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Import drop shrinks trade deficit to four-year low: New Zealand's annual trade deficit narrowed last month to the smallest since 2005 as the nation's deepest recession in more than three decades led to a record drop in imports.
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