Wires

PRESS DIGEST-New Zealand newspapers - Oct 11

WELLINGTON, Oct 11 (Reuters) - Following are some of thelead stories from New Zealand metropolitan newspapers onThursday.

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

Reuters has not verified these stories and does not vouchfor their accuracy.

DOMINION POST()

KiwiRail's surplus havoc: A $1.4b haircut on KiwiRail'svalue risks knocking the Govt off its course to surplus by2014-15.

- - - -

Shanton owner in other firms that failed: Sydney rag traderFred Bart, the majority owner of a Kiwi clothing chain inreceivership, has reportedly been embroiled in a couple ofcompanies that collapsed.

- - - -

Mid-market retailers strain in tough times: Women's clothingchain Shanton Retail was put into receivership this week, thelatest in a list of apparel company receiverships in a toughretail environment. Other recent ones include Colorado and JeanJones.

- - - -

Meridian to gain in power export rejig: Meridian is tippedto be the winner from a proposed overhaul of the way electricitycompanies are charged to export power across the national grid.

- - - -

Investors snap up shares in steel firm: More of Wellingtonsteel distributor Steel & Tube is back in New Zealand handsafter Australian cornerstone shareholder Arrium sold its 50.3percent stake to pay down some of its significant debt.

- - - - NEW ZEALAND HERALD ()

English's goal still surplus by 2015: New Zealand remainedfocused on the target of getting back into surplus in 2014-15,Finance Minister Bill English said from Frankfurt last nightafter the Government's audited accounts for the last financialyear were published yesterday.

- - - -

ANZ could lose 40% of National base: expert: The ANZ couldpotentially lose 30 to 40 per cent of its National Bankcustomers by dropping the brand, a banking expert says.

- - - -

Moa to register prospectus for listing to raise $15 million:Craft beer brewer Moa is expected to register the prospectus forits sharemarket listing today.

- - - -

Steel & Tube shares snapped up: Just over half theshares in steel products distributor Steel & Tube were snappedup in a matter of hours after they were put up for sale by itsparent company, Australia's Arrium, say the deal's underwriters,Craigs Investments Partners.

- - - -

Transformation sees Air Pacific reclaim its Fijian roots:Air Pacific - to be renamed Fiji Airways - last night unveiledits new-look planes due to enter service from next year.

- - - -

((Wellington newsroom tel +64 4 802 7980, fax +64 4 473 6212wellington.newsroom@thomsonreuters.com))

Keywords: NEWZEALAND PRESS