Business Scoop

Archive for November, 2009

MARKET CLOSE: NZ shares rise, led by Infratil

Article – Businesswire

Nov. 30 (BusinessWire) – New Zealand shares rose, led by Infratil Ltd. after the investment group said it supported a takeover offer for its 32% owned Energy Developments. Read more »

Restaurant Brands ups profit guidance to $17.5m

Article – Businesswire

Restaurant Brands ups profit guidance to $17.5 million Nov. 30 (BusinessWire) – Franchise takeout food operator Restaurant Brands Ltd reports better trading conditions have allowed it to increase its profit guidance for the year to February 28 to $17.5 million. Read more »

Productivity Report Makes Crucial Recommendations

Press Release – Lindsay Mitchell

Crucial recommendations about the reform of working age welfare contained in the 2025 Taskforce Report must not be ignored, according to welfare commentator, Lindsay Mitchell. “The report says that far too many fit and able New Zealanders are receiving … Read more »

Infratil pledges support for Greenspark ENE offer

Article – Businesswire

Nov. 30 (BusinessWire) – Infratil Ltd., the biggest shareholder in Australian alternative energy group Energy Developments Ltd., is supporting a A$431 million takeover bid a group affiliated to private equity firm Pacific Equity Partners and has pledged … Read more »

Farmers keen to start Dr Brash’s conversation

Press Release – Federated Farmers

Federated Farmers has welcomed the 2025 Taskforce Report released today by Dr Don Brash. The Federation is disappointed in the negative reaction to a document intended to make New Zealanders think about the future. “Someone once said that poverty … Read more »

Erebus Update

Press Release – Air New Zealand

Air New Zealand will be working with the Government and Antarctica New Zealand over the next month to explore opportunities for more representatives of families lost in the Erebus tragedy to visit the accident scene. General Manager Airline Operations … Read more »

Good advice? Perhaps, but much more is needed

Press Release – Manufacturers and Exporters Association

The New Zealand Manufacturers and Exporters Association (NZMEA) is calling for the Government to seriously consider the recommendations from the 2025 Productivity Taskforce. The Taskforce has suggested some widespread reform to turn the economy around, but … Read more »

Huntly miners to return to work

Press Release – Engineering Printing and Manufacturing Union

Nearly 400 hundred miners at Solid Energy’s Huntly East and Rotowaro mines will return to work tomorrow following a vote to accept the company’s latest offer. Miners at Solid Energy’s Stockton mine who have been striking in support of their … Read more »

Dorchester Pacific looks to exit moratorium

Article – Businesswire

Nov. 30 (BusinessWire) – Dorchester Pacific Group, the listed financial services company, is looking to exit its moratorium in an offer to debenture holders that would see them recoup between 87 cents and 91 cents in the dollar. Read more »

Taskforce rehashes dangerous, discredited policies

Press Release – Engineering Printing and Manufacturing Union

The Engineering, Printing and Manufacturing Union says the first report from the 2025 Taskforce should be recognised for what it is – a rehash of the discredited economic dogma that led to the widening of the Trans-Tasman income gap in the eighties … Read more »

Allied Farmers proposal tops Hanover receivership

Article – Businesswire

Nov. 30 (BusinessWire) – Hanover Finance’s independent directors have concluded that the $400 million all-stock takeover offer from Allied Farmers is the best option for its investors, who may otherwise have to take their chances with a receivership. Read more »

Zespri dismisses industry deregulation

Press Release – Zespri

ZESPRI considers the 2025 Productivity Taskforce recommendation to remove the kiwifruit regulations as completely unacceptable. ZESPRI Chairman John Loughlin said the recommendation would lead to a significant productivity drop and a reduction in New Zealand’s … Read more »

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