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 »

India New Zealand Business Council

Press Release – Christchurch City Council

Acting Mayor Norm Withers launched the South Island Chapter of the India New Zealand Business Council last week with a call to seek improved bilateral opportunities. Read more »

Business Award Recognises Queenstown College

Press Release – Queenstown Resort College

A forward-thinking Queenstown education institution has been recognised for its business excellence in developing a new market sector for the resort town. Read more »

Amended US-NZ double tax agreement progresed

Press Release – New Zealand Government

The update of the double tax agreement between the United States and New Zealand has taken a further step towards completion with the signing of an Order in Council that incorporates the amending protocol into New Zealand law, Revenue Minister Peter … Read more »

2025 Productivity Taskforce report on the money

Press Release – Employers and Manufacturers Association Northern

Leadership is what is required to get New Zealanders to buy into a growth economy and higher real incomes for all, the Employers and Manufacturers Association (Northern) says. Catching up with Australia’s GDP per capita growth by 2025 will demand the … Read more »

NATCOM Supports Unlimited Fibre Internet

Press Release – Natcom

Auckland, 30 November 2009 – Managed fibre Internet provider NATCOM, supports a recent announcement by Vector in offering uncapped fibre to Auckland businesses within reach of its network. Read more »

Maori Party to look carefully at 2025 report

Press Release – The Maori Party

The Maori Party will continue to advocate for whanau Maori, particularly those on low-incomes, as the Government considers the 2025 Economic Taskforce report released today. “We are yet to analyse and digest the detail of the 150-page report and … Read more »

Government must Act on Elements of 2025 Taskforce

Press Release – Wellington Regional Chamber of Commerce

There is much to be applauded in the 2025 Taskforce Report released today but also some serious omissions according to the Wellington Regional Chamber of Commerce. “We share the government’s goal of closing the income gap with Australia by 2025. … Read more »

Taskforce Agrees That Zespri Monopoly Must Go

Press Release – Turners And Growers

Turners and Growers Chairman, Tony Gibbs today welcom ed the report of the 2025 Taskforce, which states that Zespri’s export monopoly must go. The Taskforce report released today recommends that: “Zespri’s monopoly on the export of kiwifruit to markets … Read more »

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