Fonterra the first of six companies taking Z’s new biodiesel

Article – BusinessDesk

July 1 (BusinessDesk) – Fonterra Cooperative Group is one of six cornerstone customers switching to Z Energys new biodiesel produced from meat industry tallow. Read more »

NZ dollar TWI heads for 1.4% weekly gain

Article – BusinessDesk

July 1 (BusinessDesk) – The New Zealand dollar is heading for a 1.4 percent weekly gain on a trade-weighted basis as the country’s distance from Europe and the UK and its attractive yield continue to reel in investors chasing better returns. Read more »

Bayleys fined $2.2M in price-fixing case

Article – BusinessDesk

July 1 (BusinessDesk) – Bayleys Corp and Hamilton-based Success Realty have been ordered to pay penalties of $2.2 million and $900,000 respectively in the second and third of 13 High Court appearances by national and regional real estate agencies … Read more »

NZ bonds rally in June quarter

Article – BusinessDesk

July 1 (BusinessDesk) – New Zealand bonds rallied in the second quarter as investors anticipated central banks keeping interest rates lower for longer in the face of events such as the UK’s vote to exit the European Union. Read more »

Stride Property’s Investore subsidiary to join NZX 50

Article – BusinessDesk

July 1 (BusinessDesk) – Stride Property’s wholly-owned subsidiary, Investore Property, will join the S&P/NZX 50 Index until at least September after it is spun off from Stride this month. Read more »

Manukau Harbour delivers best cost benefits for new port

Article – BusinessDesk

Manukau Harbour delivers best cost benefits for a new $4B Auckland port, study group says Read more »

Acurity to launch Wellington’s 1st private cancer care unit

Article – BusinessDesk

Acurity to launch Wellington’s first private cancer care unit in $20 mln joint venture Read more »

Stone Shi-linked investment company buys Ardmore Airport

Article – BusinessDesk

July 1 (BusinessDesk) – Kauri Ardmore, a New Zealand investment company associated with Oravida founder Stone Shi, has acquired Ardmore Airport for an undisclosed sum, gaining a facility that houses seven flying schools, charter operators, maintenance, … Read more »

NZ wool prices fall at auction on stronger kiwi dollar

Article – BusinessDesk

July 1 (BusinessDesk) – New Zealand wool prices fell at yesterday’s South Island auction, hurt by a stronger local currency and mixed fibre quality. Read more »

Restaurant Brands board seeks 18% pay rise

Article – BusinessDesk

July 1 (BusinessDesk) – The board of fast-food operator Restaurant Brands New Zealand has asked shareholders to approve an 18 percent boost to its pool for directors’ fees which it says will help attract and retain high calibre talent needed to run … Read more »

Insurance policy churn rates ‘a disgrace’

Article – BusinessDesk

July 1 (BusinessDesk) – Figures showing some financial advisers have high insurance policy churn rates, where customers are shifted from one policy to another with no benefit other than generating a commission, are “a disgrace” and Kiwis need more … Read more »

Insurance policy churn rates ‘a disgrace’

Article – BusinessDesk

July 1 (BusinessDesk) – Figures showing some financial advisers have high insurance policy churn rates, where customers are shifted from one policy to another with no benefit other than generating a commission, are “a disgrace” and Kiwis need more … Read more »

Telephone scam still generating 200 complaints daily

Article – BusinessDesk

July 1 (BusinessDesk) – The Inland Revenue Department says the latest telephone phishing scam is unusual because its still generating about 200 complaints a day despite media publicity that typically causes these types of scams to disappear. Read more »

Former Health Minister Tony Ryall appointed nib NZ chair

Article – BusinessDesk

July 1 (BusinessDesk) – Former Health Minister Tony Ryall has been appointed chair of private health insurer nib holdings’ New Zealand unit, as Alan Clarke steps down to focus on Hellaby Holdings. Read more »

Augusta Capital to lift annualised dividend payments 10%

Article – BusinessDesk

July 1 (BusinessDesk) – Augusta Capital, the listed property investor and fund manager, will lift its dividend payments by 10 percent in the 2017 year saying the increase reflected the growth of its funds management business. Read more »

Shanghai Maling agrees to 3-month extension of $261M offer

Article – BusinessDesk

Shanghai Maling agrees to 3-month extension of $261M offer for half stake in Silver Fern Read more »

MediaWorks director Dalgleish steps down

Article – BusinessDesk

July 1 (BusinessDesk) – MediaWorks Investments director Martin Dalgleish has stepped down from the board of the free-to-air television and radio broadcaster, shrinking the board back to five. Read more »

Joan Withers tapped as Warehouse chair

Article – BusinessDesk

July 1 (BusinessDesk) – Professional director Joan Withers will take over as chair of Warehouse Group in September, having decided she won’t seek reappointment to her role as chair of Television New Zealand when her term ends early next year. Read more »

NZ dollar hits 3-year high vs. British pound

Article – BusinessDesk

NZ dollar hits 3-year high vs. British pound as Bank of England signals rate cuts Read more »

While you were sleeping: Carney signals stimulus

Article – BusinessDesk

July 1 (BusinessDesk) – Stocks rose, while the British pound weakened, as Bank of England Governor Mark Carney signalled the central bank will likely ease monetary policy in the coming months to offset the impact of the UKs decision to leave … Read more »